The anticipated impact of tariffs pushed consumers toward big-ticket items in April, but overall borrowing levels also show them becoming more discerning in light of political developments, according to Vantagescore. Researchers noted earlier this year the likelihood of a bump in certain types of purchases before the implementation of various tariff measures proposed by President
Fannie Mae, the government-sponsored enterprise overseen by the Federal Housing Finance Agency, is enlisting data analytics giant Palantir in a new partnership aimed at cracking down on mortgage fraud. Under the agreement, Palantir’s technology will be deployed to uncover fraud in mortgage packages before they reach Fannie Mae. Priscilla Almodovar, president and chief executive officer
Mortgage applications declined for the week ending May 23, 2025, as interest rates climbed to their highest level since January, the Mortgage Bankers Association (MBA) reported. MBA’s latest Weekly Mortgage Applications Survey showed overall application volume falling 1.2% on a seasonally adjusted basis compared to the previous week. Refinance activity took the brunt of the
Rate Amy Dolan, Rate Amy Dolan, Rate PHILADELPHIA, May 28, 2025 (GLOBE NEWSWIRE) — Rate, a leader in fintech mortgage solutions, announced the addition of Amy Dolan as a new loan officer serving the greater Philadelphia area. With more than two decades of mortgage experience, Dolan brings deep knowledge of loan origination and underwriting to
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances increased to 6.98% from 6.92% Applications to refinance a home loan fell 7% for the week. Mortgage applications to purchase a home were 2% higher last week than the previous week. Mortgage rates rose for the third straight week last week to
Average mortgage rates ticked up again Wednesday, adding pressure to an already strained housing market. According to Zillow, the national average for a 30-year fixed-rate mortgage climbed to 7.05%, up from 7.03% the day before. That’s still slightly down from 7.08% last week.The 15-year fixed rate held steady at 6.09%, while the 5-year ARM sits
Move over, real estate agents, and make way for the person who gives homebuyers the financial ability to buy a home – mortgage loan officers (MLOs). Also known as mortgage loan originators or mortgage brokers (although the roles differ slightly — we’ll talk about it), MLOs are the key to financially connecting people to the
Listen to this article At a glance: Existing home sales fell 0.5 percent in April, lowest since 2009 Median U.S. home price rose to $414,000, a record for April Mortgage rates hovered around 6.86 percent, discouraging buyers Unsold inventory up 20.8 percent year-over-year, aiding first-time buyers Sales of previously occupied U.S. homes fell in April,
Key Takeaways After three weeks of gradually climbing, 30-year mortgage rates jumped this past week in response to congressional debate of President Donald Trump’s proposed tax bill. Rates on new 30-year fixed-rate loans are now 20 points higher than four weeks ago, sitting at a 7.12% average. 15-year rates are up a milder 10 basis
Piggybacking on previous comments from President Donald Trump, Federal Housing Finance Agency (FHFA) Director Bill Pulte said on social media that “Jay Powell needs to lower interest rates — enough is enough. President Trump has crushed Biden’s inflation, and there is no reason not to lower rates. The housing market would be in much better