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Mortgage News

The Most Comprehensive Source of Mortgage-Related News

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Showing 265 - 288 of 6439 results
Oct 14, 2026 12:09 PM — Mortgage Rates
Mortgage rates could stay well above 7% through 2027, Fannie Mae says
Fannie Mae sharply raised its mortgage-rate forecast, projecting the 30-year fixed rate to average 7.4% in the fourth quarter and 7.5% in 2027, up from earlier estimates. The change follows hotter-than-expected inflation, driven in part by rising gas prices, which pushed daily mortgage rates to 7.56% and increased expectations of a Federal Reserve rate hike. Economists say persistent inflation and... more
Oct 14, 2026 12:00 PM — Mortgage Rates
Fannie Mae just dramatically upped its 2027 mortgage rate expectations
Fannie Mae’s October 2026 forecast projects 30-year mortgage rates will remain around 7.5% throughout 2027, sharply higher than its previous outlook. Persistently high rates are expected to reduce total mortgage originations by about 11%, with refinance lending falling roughly 34%, while purchase volume stays relatively steady. The forecast also points to slower home-price growth and weakening buy... more
Oct 14, 2026 11:45 AM — Interest Rates
Soaring Energy Prices Push Inflation Higher
In September, the Consumer Price Index in the U.S. increased by 3.7% year-over-year, primarily driven by a 34% surge in gas prices. This rise in inflation exacerbates affordability concerns ahead of midterm elections and puts additional pressure on the Federal Reserve, which may consider raising interest rates again. The report indicates significant price increases across various goods and service... more
Oct 14, 2026 11:43 AM — Mortgage Lending
Inflation report is more bad news for mortgage lenders
Texas Capital Bank accused Ginnie of breaking the law by extinguishing its interest in mortgage collateral related to bankruptcy financing for a lender in 2022. In September 2026, mortgage sellers are easing demands as rates reach 15-month highs, providing buyers with more leverage. Originators are advised to target sidelined buyers before a potential Fed rate hike. Additionally, 10-year Treasury ... more
Oct 14, 2026 11:19 AM — Housing Market
Reffkin defends Compass private exclusives amid MLS disputes
Compass CEO Robert Reffkin defended the use of private exclusive listings over traditional MLS sites, stating that the latter can negatively impact sellers by extending days on market and creating a history of price drops. He highlighted that in September, 43% of listings had price drop histories and 6% were withdrawn from the market, suggesting that these factors can hurt property values and lead... more
Oct 14, 2026 11:14 AM — Mortgage Lending
'Yikes': CoreWeave stock tanks on bond yield woes, CEO blames market 'irrationally'
CoreWeave (CRWV) stock dropped 15% following reports of escalating borrowing costs, with the company facing a yield of nearly 15% on its bonds, indicating rising investor risk perceptions. CEO Mike Intrator expressed confidence in the company's business and execution despite market volatility and increasing debt levels, which rose from $15 billion to $52 billion in a year. As CoreWeave seeks cheap... more
Oct 14, 2026 11:12 AM — Interest Rates
Why Hewlett Packard Enterprise (HPE) Stock Is Trading Lower Today
Hewlett Packard Enterprise (NYSE:HPE) shares dropped 5.2% after Barclays downgraded the stock from Overweight to Equal Weight, lowering the price target from $83 to $77, while maintaining earnings projections. The downgrade reflects a cautious view on enterprise IT hardware amid high commodity costs and delayed growth from artificial intelligence. Concurrently, rising Treasury yields due to a high... more
Oct 14, 2026 11:06 AM — Mortgage Rates
US consumer inflation hotter than expected as midterms loom
Consumer inflation in the US increased unexpectedly in September, rising 3.7% year-on-year, primarily driven by a surge in gasoline costs. This higher inflation rate raises the likelihood of another interest rate hike by the Federal Reserve at their upcoming meeting. Economic experts suggest a cautious approach from the Fed, although traders indicate a growing probability of a rate increase. The r... more
Oct 14, 2026 11:01 AM — Bond Markets
Why CoreWeave Stock Tumbled Today
CoreWeave, an AI-focused company, is facing financial distress as its stock dropped 14.4% following concerns about its rising bond yields, which hit a record high of 15%. The company's business model heavily relies on borrowing to finance its operations, and with $35 billion in debt and increasing interest expenses, profitability is in jeopardy. Although CoreWeave has strong revenue growth, there ... more
Oct 14, 2026 11:01 AM — Mortgage Rates
Will mortgage rates stay above 7% in 2027?
Fannie Mae forecasts that the 30-year fixed-rate mortgage will average 7.4% in the final quarter of 2026 and will rise to 7.5% and remain above this threshold through 2027. This development poses challenges for house hunters due to the sustained high mortgage rates.
Oct 14, 2026 10:49 AM — Mortgage Rates
September inflation reached 3.7%. What it could mean for mortgage rates before October 28
The Consumer Price Index (CPI) report for September showed a higher-than-expected increase, which could impact mortgage pricing and bond markets ahead of the Federal Reserve's meeting on October 28. The report indicated a 0.6% rise in CPI for the month and 3.7% for the year, with core CPI also exceeding forecasts. The rise in gasoline prices contributed significantly to the overall increase, while... more
Oct 14, 2026 10:45 AM — Mortgage Lenders
Mortgage Applications Decrease in Latest MBA Weekly Survey
The article contains contact information for Falen Pitts at the Mortgage Bankers Association, including phone numbers for further inquiries. It does not provide specific content related to mortgage topics.
Oct 14, 2026 10:37 AM — Housing Market
If a Stock Market Crash Is Coming, Here's What Warren Buffett Would Do to Stay Ahead
Warren Buffett has stepped down as CEO of Berkshire Hathaway but remains influential as chairman emeritus. Despite recent stock market gains, attributed to the rise of generative AI, caution is warranted due to inflated valuations reminiscent of the dot-com bubble. Buffett criticized the current speculative mindset among investors, noting that finding value in the market is increasingly challengin... more
Oct 14, 2026 10:31 AM — Mortgage Lending
Major US banks post solid third quarter loan growth, but see more competition for deposits
US banks reported strong loan and deposit growth in Q3, despite a competitive and high-interest-rate environment. Major banks like JPMorgan Chase, Citigroup, and Wells Fargo showed increased net interest income, reflecting a resilient US economy. However, rising Treasury yields pressured banks to offer higher deposit rates to retain customers, which squeezed their margins. Analysts noted that whil... more
Oct 14, 2026 10:05 AM — Mortgage Lending
Farmers Bank and Trust Review
Farmers Bank and Trust, established in 1907, serves customers both in-person and through its online mortgage arm, which offers a variety of loan types. The bank performs well in rate competitiveness, with 78% of its mortgages priced below comparable loans for 2025. However, it faces challenges with loan closings, as about a third of approved loans do not reach closing, potentially indicating issue... more
Oct 14, 2026 10:05 AM — Mortgage Lenders
Lendercity Inc Dba Alexa Home Loans Review
Lendercity Inc, operating under the name Alexa Home Loans, is a mortgage broker that provides competitive pricing for loans while not originating them directly. It is evaluated against other lenders based on borrower costs and scores higher if borrowers pay at or below typical prices for comparable loans. The lender has no complaints recorded and is part of Bankrate's auction system, ensuring auth... more
Oct 14, 2026 10:00 AM — Mortgage Rates
Housing Notes: AI promised the future and delivered a 7.4% mortgage rate
The article’s headline suggests that Federal Reserve rate cuts may not significantly improve homebuyers’ affordability, likely because mortgage rates are also influenced by other factors.
Oct 14, 2026 9:52 AM — Mortgage Lending
US Mortgage Rates Reach 7.5%; Home-Buying Slump Hits Sixth Week
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Oct 14, 2026 9:50 AM — Mortgage Lenders
Three Agencies, One Message: Bank of America’s $1.96 Billion Penalty Is the Cost of Operating on Legacy Compliance
On October 13, three Treasury agencies imposed a total penalty of approximately $1.96 billion on Bank of America for severe violations of the Bank Secrecy Act and deficiencies in its anti-money laundering program. The penalties included $1.2 billion from FinCEN, $750 million from the OCC, and $11.6 million from OFAC, highlighting the bank's broken compliance framework. Bank of America admitted to ... more
Oct 14, 2026 9:36 AM — Mortgage Lending
Zippy raises $20M from Saluda Grade
Saluda Grade has invested $20 million in Zippy, a manufactured housing finance originator and servicer founded by former JPMorgan bankers. The investment will help Zippy expand its operations beyond 27 states, introduce new products, and enhance its technology platform and balance-sheet capacity. Zippy has created a proprietary loan origination system and has secured over $600 million in capital c... more
Oct 14, 2026 9:33 AM — Housing Market
Tesla's Roadster event is back on for Thursday night. Here's what to expect.
Tesla has rescheduled the reveal of its new Roadster to occur at 7:55 p.m. CDT on October 15, after a two-week delay due to weather conditions. The event will be streamed on Tesla's X account. Features of the new Roadster may include the ability to hover or fly, with a potential limited edition model equipped with cold-gas thrusters developed alongside SpaceX. While Tesla has not officially provid... more
Oct 14, 2026 9:18 AM — Housing Market
Falling housing inventory masks weakening buyer demand
Falling housing inventory does not always indicate a stronger seller's market, as evidenced by the current trends in cities like Dallas, Denver, and San Francisco. With mortgage rates around 7.5% and weakening buyer demand, the shrinking supply may mask underlying challenges in the market, such as elevated price reductions and sellers withdrawing listings. Overall, the situation highlights the com... more
Oct 14, 2026 9:06 AM — Mortgage Lending
Federal watchdog says 9 large US banks denied service to customers over political or religious views
The Comptroller of the Currency (OCC) found that the nine largest U.S. banks denied financial services to customers based on their political, religious, or social beliefs, according to a recent regulatory review. The OCC's analysis of nearly 100,000 complaints indicated that the banks' internal guidelines lacked objective, risk-based criteria, resulting in the exclusion of legitimate customers. Th... more
Oct 14, 2026 9:01 AM — Mortgage Rates
Fannie Mae sharply raises mortgage rate forecast for 2027
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