News
Mortgage Rates Rise to 9-Month High
1+ hour, 6+ min ago (290+ words) by Phil Hall | May 21, 2026 | 0 comments Mortgage rates rose to their highest level since August, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6. 51% as of May 21, up from last week when…...
Pending Home Sales Rise in April
2+ day, 6+ hour ago (361+ words) by Phil Hall | May 19, 2026 | 0 comments Pending home sales in April were up by 1. 4% from March and up by 3. 2% from one year ago, according to the National Association of Realtors (NAR). Month-over-month pending home sales rose in the Northeast, Midwest and…...
Mortgage Rates Dip While Delinquency Levels Rise
1+ week, 6+ hour ago (298+ words) by Phil Hall | May 14, 2026 | 0 comments Mortgage rates ticked down slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6. 36% as of May 14, a hair lower from last week's average of 6. 37%. A…...
Senate Confirms Kevin Warsh as Federal Reserve Chairman
1+ week, 1+ day ago (350+ words) by Phil Hall | May 13, 2026 | 0 comments The US Senate has confirmed Kevin Warsh to become the 17th chairman of the Federal Reserve. Warsh was confirmed in a 54-45 vote along party lines, with Sen. John Fetterman of Pennsylvania as the sole Democrat approving…...
Mid-Atlantic Home Sales Activity Rises in April
1+ week, 2+ day ago (446+ words) by Phil Hall | May 12, 2026 | 0 comments A total of 23, 739 new contracts were signed in April within the Mid-Atlantic region served by Bright MLS. This marked a 5. 6% increase from one year earlier and the highest April total since 2022. April also saw 28, 060 new…...
Mortgage Rates Up for Second Straight Week
2+ week, 7+ hour ago (350+ words) by Phil Hall | May 7, 2026 | 0 comments Mortgage rates were on the rise for the second consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6. 37% as of May 7, up from last…...
Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
2+ week, 4+ hour ago (258+ words) by Phil Hall | May 7, 2026 | 0 comments Commercial and multifamily mortgage loan originations experienced a 52% year-over-year surge in the first quarter of this year, although they were also down by 30% from the fourth quarter of 2025. Among investor types, the dollar volume of…...
Mortgage Delinquencies Decline While Prepayment Activity Nears a 4-Year High
3+ week, 6+ day ago (408+ words) by Phil Hall | Apr 24, 2026 | 0 comments The national mortgage delinquency rate declined by 37 basis points (bps) in March to 3. 35%, although it was 14 bps above last year's level, according to data from Intercontinental Exchange Inc. (NYSE: ICE). Prepayment speeds (SMM) were up…...
Mortgage Rates Down for Third Straight Week
4+ week, 13+ min ago (334+ words) by Phil Hall | Apr 23, 2026 | 0 comments The 30-year fixed-rate mortgage averaged 6. 23% as of April 23, down from last week when it averaged 6. 30%. According to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC), the mortgage averaged 6. 81% at this time one…...
US Attorney Pirro Vows to Push Ahead with Federal Reserve Probe
4+ week, 10+ hour ago (392+ words) by Phil Hall | Apr 23, 2026 | 0 comments US Attorney Jeanine Pirro had declared her office will not drop its investigation into cost overruns at the Federal Reserve headquarters, even if it derails President Trump's nomination of Kevin Warsh to replace Jerome Powell…...