Rates on the conforming 30-year fixed mortgage increased 3 basis points this past week and are now higher on a year-over-year basis, as inflation remains front and center in the minds of investors. Processing Content The latest rates have moved closer to their July 2025 level at over 6.7%, although still below the 7% peak […]
Mortgage rates keep rising, nearing last July’s peak Read More »
Onity Group’s servicing and lending businesses benefited in the second quarter from higher rates and seasonal homebuying, respectively, but the company reported a loss on nonrecurring negative fair value changes and portfolio restructuring. Processing Content The company recorded a $13 million net loss to common shareholders but taking out those negative items had adjusted pre-tax
Onity’s 2Q revenues jump, other costs tip scales to a loss Read More »
Imagine waiting a year to buy a home, only to find mortgage rates haven’t changed much. That may sound frustrating.But it’s a real possibility. A lot of people are putting their plans on hold because they believe much lower mortgage rates are right around the corner. But, based on today’s forecasts, that may not happen.
Thinking About Waiting for Lower Mortgage Rates? Read This First. Read More »