We have bad news and slightly less bad news. Starting with the latter, today’s mortgage rates are only marginally higher than they were yesterday with the average top tier 30yr fixed rate up 0.02%. The bad news is that this takes our rate index to 6.77%–the highest level since July 28th, 2025. Mortgage rates are […]
Mortgage Rates Inch Up to 11-Month High Read More »
Annaly Capital Management’s purchases of loans and servicing contributed to a profitable second quarter above most consensus estimates, but its executives said that’s in part because it’s taking a measured approach. Processing Content The real estate investment trust, whose Onslow Bay unit is a top buyer of conventional mortgage servicing rights and a significant nonagency
Annaly buys non-QM, agency servicing opportunistically in 2Q Read More »
PulteGroup saw earnings fall again in the second quarter, reflecting a housing market constrained by high mortgage rates and affordability issues. Processing Content The homebuilder posted net income of $472 million, or $2.48 per share, down from $608 million, or $3.03 per share, in the second quarter of last year but still more than analysts
PulteGroup closings, earnings fall, still beat expectations Read More »