Those who expected lower mortgage rates in the immediate aftermath of yesterday’s Federal Open Market Committee actions are likely disappointed with the early market response. The 10-year Treasury yield rose to 4.13% at 11 a.m. Thursday, up 5 basis points from its close at 4.08% at 3 p.m. on Wednesday, an hour after the Fed […]
Mortgage rates lower but full impact of FOMC not felt yet Read More »
The industry’s top technology minds at the National Mortgage News Digital Mortgage Conference in San Diego Wednesday urged mortgage firms to integrate artificial intelligence into their organizations peacefully, or else. Whereas top lenders on day one urged firms to maintain a human touch, tech lenders on day two advised competitors to get their entire staff
What you missed from day two at Digital Mortgage Read More »
United Wholesale Mortgage is the first major lender this year to raise its conforming loan limits in advance of the formal announcement in November by the Federal Housing Finance Agency. Even though UWM will start obtaining loans with these higher limits from mortgage brokers immediately, it will need to keep the mortgages on its balance
UWM first to raise its conforming limits for 2026 Read More »