US mortgage rates slid last week to one of the lowest levels in years, sparking a flurry of purchase and refinancing activity that offers hope for a plodding housing market. Processing Content The contract rate on a 30-year mortgage dropped 7 basis points to 6.18% in the week ended Jan. 9, according to Mortgage Bankers […]
Mortgage rates slide to one of lowest levels since 2022 Read More »
US previously owned home sales climbed in December to the fastest pace since 2023, a welcome sign for a housing market that has lacked momentum for several years. Processing Content Contract closings rose 5.1% to a 4.35 million annualized pace last month, the highest since February 2023, according to figures released Wednesday by the National
US home resales climb to strongest pace since 2023 Read More »
While the fourth quarter’s mortgage fraud risk rate fell 55 basis points from the prior three months, loans submitted during the period had a record average issues per transaction, the Fundingshield Wire Fraud Risk Report found. Processing Content The last three months of 2025 was a period where a near 9% increase in volume from
Record defects plague mortgage closings as fraud risk dips Read More »