Fannie Mae now forecasts mortgage rates to slip back under 6% by the second quarter of 2026 as it elevated its gross domestic product outlook and modified its home sales projections. The origination forecast, while increased over both its March and April projections, other than for rates, remains more conservative than the Mortgage Bankers Association’s […]
Mortgage rates will go below 6% next year, Fannie says Read More »
Mortgage lenders and services today face significant operational challenges, especially when relying on third-party processors for their outsourced services. While these middlemen operators can streamline certain tasks, the benefits are outweighed by their extreme high costs as well as the limitations over operational controls. Here we will focus on the complexities involved with outsourcing, and
The driving forces behind mortgage lenders moving away from third-party processors Read More »
John Toohig stood at a podium as the moderator of a panel about home equity lines of credit (HELOCs) and asked an illustrative question of the audience of mortgage professionals. “How many of you have a mortgage first lien, 30-year with a 4% coupon or lower?” A majority raised their hands. “You are all the
Competition for HELOC business heats up as home equity grows Read More »
Mortgage rates rose in the past week, but even as they remain close to 7%, there’s little evidence to suggest they’ll move much higher and further constraint housing affordability. On Tuesday, 30-year conforming rates averaged 6.93% while 15-year conforming rates averaged 6.76%, according to HousingWire’s Mortgage Rates Center. In comparison, these figures stood at 6.88%
Mortgage rates remain close to 7%, but there are positives for housing Read More »
The Mortgage Bankers Association’s latest forecast for 2025 expects volume to be slightly lower than previously thought, with a 14% increase in the number of units produced. Mike Fratantoni, the group’s chief economist speaking at its Secondary & Capital Markets Conference in New York on Monday, recounted discussions he had in recent days with people
Lenders feel better, not exuberant, about housing market Read More »
Non-QM (Non-Qualified Mortgage) lending has become essential to today’s mortgage landscape, providing solutions for creditworthy borrowers who fall outside traditional lending criteria. Gregory Tsang is the Chief Executive Officer and co-founder of eRESI, a Non-QM correspondent whole loan investor offering both Delegated and Non-Delegated options. Co-founded in 2019 alongside President Tim Wang, eRESI was created
Lending beyond limits: eRESI’s perspective on the future of Non-QM loans Read More »
To add to the list of dramatic events in 2025, Moody’s downgraded U.S. credit by one notch on Friday — from Aaa to Aa1 — raising concerns about mortgage rates. Moody’s pointed to increasing debt and interest payment ratios notably higher than those of comparable sovereign nations. This downgrade has sparked a range of reactions
How will Moody’s downgrade of US debt affect mortgage rates? Read More »
Investors face yet another bumpy start to the trading week, although it’s mounting concern over US debt rather than tariffs likely generating the volatility this time. Financial markets reopen in Asia on Monday after Moody’s Ratings announced Friday evening it was stripping the US government of its top credit rating, dropping the country to Aa1
Investors await another Monday jolt after Moody’s downgrades US Read More »
One of the lesser known storylines in housing economics is that the improvement in mortgage spreads since 2023 has contributed to a noticeable trend in purchase application data for 2025, which is now showing 15 consecutive weeks of positive year-over-year growth. Mortgage spreads recently turned negative due to market volatility, which resulted in an increase
Better mortgage spreads boost housing demand in 2025 Read More »
AGENTS: Did you know you can share a personalized version of this post? Learn more! For Buyers, Infographics, Mortgage Rates, Buying Tips, Forecasts Some Highlights Are you wondering what to expect if you buy or sell a home in the second half of the year? Here’s what the expert forecasts tell you. Mortgage rates are
Housing Market Forecasts for the Second Half of 2025 Read More »
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