Mortgage rates were rapidly approaching 10-month highs as of yesterday afternoon. They managed a friendly bounce today, but it was fairly small with the average lender dropping 0.03% to 6.5% for a top-tier 30yr fixed scenario. One reason for caution is that the rate improvement looks to be dependent on oil price volatility after this […]
Rates Recover Modestly Read More »
Rate is promoting the defection of over a dozen loan officers from New American Funding, who bring “nine figures” in production volume from the rival over to the Chicago lender, the company said. Processing Content The lending giant announced 14 new LOs coming from the retail competitor, including some originators who previously worked at Rate.
Rate touts defection of 14 LOs from New American Funding Read More »
Rising purchase activity created a strong start to the June mortgage market, despite rising mortgage rates, according to the latest Market Advantage report from Optimal Blue. Processing Content Total rate-lock volume in June rose 10% from May and was 15% higher from the same time last year. Of all the mortgages that were locked
Purchase demand points to resilient summer market Read More »