Mortgage rates officially hit their lowest level in more than a month yesterday with MND’s 30yr fixed index falling to 6.53% from 6.55% on Wednesday. Today was completely unchanged at 6.53%, thus maintaining the lowest level since May 14th, 2026. There weren’t any dramatic developments behind the scenes in term of economic data or news […]
Mortgage Rates End Week at Lows Read More »
Mortgage delinquencies rose monthly and annually in May, but it’s not a cause for concern, according to a new industry report. Processing Content The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, Intercontinental Exchange’s latest first look report found. That marks a 4.5% month-over-month increase, which is
Delinquencies rose in May, but don’t panic, ICE says Read More »
With the rapid advancement of artificial intelligence, companies are constantly rolling our new products. This month, multiple companies in the mortgage industry leveraged AI to increase efficiency, integrated with other companies and consolidated processes to improve borrower experience. Pennymac partnered with Amazon Web Services on AI voice agents and Intercontinental Exchange is joining a high-profile
AI roundup: 16 mortgage tech updates lenders should know Read More »