Will hotter inflation send mortgage rates back over 7%?
Given the hotter inflation reported in Tuesday’s CPI data, can mortgage rates go above the 2022 peak of 7.37%?
Given the hotter inflation reported in Tuesday’s CPI data, can mortgage rates go above the 2022 peak of 7.37%?
The housing market experienced more volatility last week, with housing inventory dropping as mortgage rates moved higher.
Mr. Cooper reviewed nearly 300 MSR deals the company was offered over the last two years, CEO Jay Bray said. They ended up winning 23% of what they bid on.
Amid a battle with the board of directors, loanDepot’s founder Anthony Hsieh is stepping down as executive chairman.
Purchase applications fell 10% and housing inventory decreased by 8.664 units last week, according to the Housing Market Tracker.
New data shows job openings are high and jobless claims are low, with a 3.4% unemployment rate, which isn’t ideal for mortgage rates.
Borrower demand for mortgage loans increased in the first three weeks of 2023, sparking optimism among housing industry professionals.
I want to showcase how this issue, which focuses on the future of housing, tries to explain what next year will look like.
The February issue has long focused on servicing. This year, we dive into the latest trends in mortgage defaults.
When looking for new lenders, the mortgage product mix, compensation, speed and cultural fit are all factors to consider, LOs say.