Jacobson and Sturges worked together at Waterfield Mortgage “decades ago and have remained industry acquaintances ever since,” Jacobson said in a statement. The acquisition brings a smaller but regionally focused team into Fairway’s fold. Hallmark had 45 sponsored loan officers and 19 active branches as of Wednesday, per Nationwide Multistate Licensing System (NMLS) data. Fairway,
After a calm start to the week on Monday and Tuesday, we were likely to see a bit more volatility on Wednesday due to important events on the calendar. The first was the morning’s release of the Consumer Price Index (CPI), a key inflation report. Inflation is one of the most basic inputs for the
Homebuyers and those looking to refinance received more welcome news Wednesday as mortgage rates continued their downward trend. The national average for a 30-year fixed mortgage, the most popular home loan in the U.S., fell to 6.93%, offering a potential window of opportunity for borrowers to lock in lower monthly payments. This latest dip, reported
Barclays has announced rate increases averaging 0.2% across its fixed mortgage range starting today, with similar increases launched by HSBC. The move comes after NatWest’s latest decision to cut rates, with up to 0.23% off selected fixed deals from June 11. Mortgage brokers warn that the influx of deals with interest rates below 4% may
Private, independent mortgage lender Nationwide Mortgage Bankers Inc. (NMB) has hired Chris Allen as chief culture officer. Allen previously served as chief talent officer at Movement Mortgage, where he helped grow the company to more than 4,000 employees, and now brings his experience in organizational health and recruiting to NMB. “NMB is committed to a
Loan Type New Purchase Rates Daily Change 30-Year Fixed 7.00% -0.02 FHA 30-Year Fixed 7.15% +0.02 VA 30-Year Fixed 6.69% +0.02 20-Year Fixed 6.89% +0.01 15-Year Fixed 6.05% -0.03 FHA 15-Year Fixed 7.45% +0.05 10-Year Fixed 5.96% -0.16 7/6 ARM 7.39% No Change 5/6 ARM 7.30% -0.06 Jumbo 30-Year Fixed 6.99% +0.02 Jumbo 15-Year Fixed
Mortgage rates popped back up to 7% in the aftermath of the new global tariff regime announced by President Donald Trump on April 2, as it tanked stock markets, the bond market and the dollar all at once. Most of those tariffs have since been paused or reduced until July, and stock markets have largely
Homebuyers and those looking to refinance are met with a mixed bag of interest rate changes today. The national average for a 30-year fixed mortgage, a popular benchmark for the housing market, saw a slight dip, offering a small reprieve for borrowers. However, other popular loan terms experienced upward movement, highlighting the fluctuating nature of
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The rate on a 30-year fixed refinance increased to 6.94% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.9%. For 20-year mortgage refinances, the average rate is
This is according to HECM endorsement data compiled by Reverse Market Insight (RMI), and HMBS issuance data from Ginnie Mae and private sources compiled by New View Advisors. HECM endorsements: steady despite headwinds When asked about why business has remained so stable, RMI President John Lunde said that while originators can offer their own thoughts,