Despite average mortgage rates increasing this past week, potential homebuyers were active in the market, a sign that they may be getting used to the current economic environment, according to the Mortgage Bankers Association (MBA). According to the latest Market Composite Index from the MBA—its measure of mortgage loan activity volume and includes purchases and…
Rocket Companies delivered a resounding first quarter showing strong execution despite market volatility, signaling that the company’s three-year transformation into a fully integrated homeownership platform is creating durable competitive advantages that competitors will struggle to replicate. During Rocket Companies’ Q1 earnings call Thursday, CEO Varun Krishna outlined three core themes for the quarter. “First, we…
Freddie Mac reported today that mortgage rates increased this week, still being driven by geopolitical tensions and sticky inflation, according to economists. The average mortgage rate increased 7 basis points to 6.37%, up from 6.30%, last week, according to the latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday. “The expectation of rates…
Mortgage applications declined for a second week in a row as economists point to economic uncertainty and geopolitical tensions continuing to weigh on activity and drive mortgage rates up. According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchases and refinances—decreased 4.4% on…
Mortgage rates bumped back up this week but overall remain in the low 6% range, contributing to a subdued but steady spring market, according to economists. The average mortgage rate ticked increased 7 basis points to 6.30%, up from 6.23% last week, and back to the same point from two weeks ago, according to the…
Mortgage applications decreased this week but economists say homebuying sentiment has improved over this time last year thanks to an increase in homes on the market. According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchases and refinances—decreased 1.6% on a seasonally adjusted…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – Mortgage rates trickled down the week of April 20, with the 30-year fixed-rate dropping from 6.30% to 6.23%, but economists such Bright MLS’ Lisa Sturtevant and Realtor.com®’s Joel Berner said that economic headwinds…
Mortgage rates have reached their lowest point since mid-March but economists worry inflation and economic uncertainty caused by tensions in the Middle East will result in temporary decreases versus more sustained stability. The average mortgage rate ticked down 7 basis points to 6.23%, down from 6.30% last week, according to the latest Primary Mortgage Market…
Despite ongoing geopolitical uncertainty, recent mortgage rate declines have boosted mortgage application activity for a second week in a row. According to the latest Market Composite Index from the Mortgage Bankers Association (MBA)—its measure of mortgage loan activity volume and includes purchases and refinances—increased 7.9% on a seasonally adjusted basis from last week’s 1.8% increase,…
Upward movement in foreclosure numbers appears to show some further signs of normalization in the housing market, according to the latest data from ATTOM. ATTOM’s Q1 2026 Foreclosure Market Report found that there were 118,727 properties with a foreclosure filing, up 6% quarter-over-quarter, and up 26% year-over-year. Breaking it down, one in every 1,211 housing…
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