Homes in Arizona

US mortgage rates rose to 6.97%, highest in more than a year

Homes in ArizonaMario Tama/Photographer: Mario Tama/Getty I U.S. mortgage rates last week climbed to the highest level in more than a year, marking the latest setback for an already sluggish housing market. Processing Content The contract rate on a 30-year mortgage rose 12 basis points to 6.97% in the week ended Sept. 11, according to […]

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Shawn Malhotra Rocket

How the biggest lenders weigh buying versus building tech

The industry’s top lenders don’t let their originators waste time tinkering with technology. Processing Content “I want my loan officers focused on relationship-building, marketing, branding themselves and closing deals,” said Shant Banosian, president of Rate and the industry’s top producer, at Day 1 of National Mortgage News’ Digital Mortgage conference.  “Somebody spending 8-to-10 hours over

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