First things first: when we reference average, daily, top-tier 30yr fixed rates, it is for an ideal scenario that rarely exists in the wild. The average scenario will always involve slightly higher effective rates (i.e. even if the rate is the same as national averages, it would involve additional upfront costs). As a reminder, our […]

Following a recent surge in rate-indicative bond yields that could make lending more expensive, one prominent investor in two government-sponsored enterprises is renewing his push for a GSE reform that could lower secondary mortgage market costs. Processing Content Investor Jon Oksenholt’s plan mines merger ideas officials have explored, including the Great American Mortgage Corp. and

Chicago-based Rate is opening a profit and loss branch in the city’s Elmhurst suburb, bringing in two former Fairway Independent Mortgage originators to helm the operation. Processing Content The new office “advances Rate’s broader expansion of its profit-and-loss platform,” the company’s press release said. Fairway’s new Elmhurst branch is being headed up by Vito Roppo