A new lender says it can give a company’s employees up to 75 basis points off their interest rate through its mortgage benefits program.  Multiply Mortgage, founded in 2022, says the average worker utilizing its perks saves up to $5,700 per year, relative to home loan offers they were comparing the offer to. The broker […]

Last week, we got a sneak preview of how the market would react to Fed Chair Powell ending his term early. In a nutshell, only the shortest-term rates would improve while most consumer rates would move higher–including mortgages. This isn’t conjecture, but rather the actual response in the bond market (bonds dictate interest rates).  Thankfully,

Pennymac enjoyed a more productive second quarter, although it suffered a financial hit from hedging results over early spring rate volatility.  The Southern California-based mortgage giant reported $136.5 million in net income for the second quarter, missing a Standard & Poor’s Capital IQ consensus estimate of $152 million. The net income figure however was up