On any given Thursday, there’s a decent enough chance that the average mortgage rate headline will be unintentionally misleading. At issue is media reliance on the longstanding weekly mortgage rate surveys. If news stories are going to cite this data, that’s fine, but it’s critical to understand the methodology. Whether it’s MBA (reported yesterday) or […]
Mortgage Rates Are Actually Lower This Week Read More »
Endorsements of Home Equity Conversion Mortgages surged noticeably last month from a short February, but volumes are still showing weakness compared to second-half 2025 levels. Processing Content HECM endorsements increased 16.3% month over month in March to 2,117 loans, according to the latest data from Reverse Market Insight. While welcome news for lenders of the
March HECM bump masks a deeper slowdown Read More »
A community lenders group is pressing for more competition in GSE credit scoring and reporting, and a new report backs the push, quantifying recent price hikes and warning that more are coming. Processing Content Credit metric costs have gone from a range of $150 to $250 for a conventional loan in April 2024 to an
Mortgage credit costs jumped 10x in 4 years: CHLA Read More »