June 2025

The Federal Reserve held benchmark rates steady in the range of 4.25% to 4.5% following its two-day meeting on Wednesday, a decision with implications for the mortgage industry.  The move, expected by virtually all monetary policy watchers, underscores the challenge facing the Federal Reserve — deciding when it’s appropriate to cut rates. It’s a delicate […]

Even though new home sales showed growth last month, the homebuilders — both big and small — have no desire to grow housing permits or starts with 7% mortgage rates. Housing starts and permits peaked in 2022 and have been fluctuating at levels similar to the early stages of the COVID-19 recession for some time

Silicon Valley Bank (SVB), a division of First Citizens Bank, and lending partner Setpoint announced on Wednesday that they’re providing a $200 million warehouse facility to Austin-based mortgage tech firm UpEquity. The funding is expected to support $1 billion in originations over the next two years, helping homebuyers purchase new homes before selling their current