High mortgage rates and harsh weather are pushing down home sales, but some house hunters are touring and getting a feel for the market.  The bumpy start to 2024’s housing market continues, with daily average mortgage rates posting their biggest one-day increase in over a year on February 2. The jump came after a hotter-than-expected

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Today, the current average mortgage rate on a 30-year fixed mortgage is 7.35%, according to Curinos, while the average rate on a 15-year mortgage is 6.51%. On a 30-year jumbo mortgage, the average rate

When will it get messy for our Drunken Sailors? Not now. By Wolf Richter for WOLF STREET. Mortgage balances outstanding ticked up by 0.9% in Q4 from Q3, to a record of $12.3 trillion. Year-over-year, the increase was only 2.8%, according to data from the New York Fed’s Household Debt and Credit Report. This small increase in mortgage

Mortgage application volume increased 3.7% during the week ended February 2, despite the average rate for a 30-year fixed-rate mortgage rising to 6.80%, up from 6.78% the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 12% from the previous week and were

In a stunning fall, Baltimore’s onetime top prosecutor, who made a national name for herself with her unsuccessful prosecution of six police officers in the notorious case surrounding the death of Freddie Gray, is now awaiting sentencing herself and could face up to 30 years in prison for mortgage fraud.  The two-term district attorney, Marilyn

Refinancing activity rebounded for the week ending February 2 after declining the previous week, as mortgage rates stabilize in the under-7 percent level, contributing to a rise in home loans application, the Mortgage Bankers Association (MBA) said on Wednesday. The Refinance Index jumped 12 percent from the week before February and also rose by a

A jury returned a split verdict in former Baltimore City State Attorney Marilyn Mosby‘s federal mortgage fraud trial on Tuesday. A federal jury found Mosby, 44, guilty on the charge of making a false mortgage application in connection to a vacation home she purchased in Long Boat Key, Florida, the Department of Justice announced in

One Mortgage System has hired Kevin Blount as head of operations.  The customer relationship management firm says Blount will manage all new integrations and development, including the planning and development of a new business roadmap.   He will also project manage new system launches for lenders and the company’s network partners.  Blount joins from Clever Lending

GREENBELT, Md. — A former top prosecutor for the city of Baltimore was convicted Tuesday on one count of mortgage fraud, concluding a lengthy criminal trial in which Marilyn Mosby testified she unwittingly made false statements on loan applications to buy two Florida vacation homes. The jury announced a split verdict Tuesday evening after deliberating