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Mortgage News

The Most Comprehensive Source of Mortgage-Related News

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Showing 313 - 336 of 6439 results
Oct 14, 2026 7:09 AM — Housing Market
AI Memory Chip Selloff Looks Overblown: 2 Stocks to Buy on the Dip
Memory stocks are facing selling pressure due to concerns over the sustainability of AI-related spending and increased competition, particularly after China's ChangXin Memory Technologies announced advancements in memory technology. Major companies like SK Hynix and Samsung saw significant drops in stock prices, while U.S. firms including Micron Technology and Western Digital also experienced decl... more
Oct 14, 2026 7:08 AM — Mortgage Rates
Mortgage Rates Today, Wednesday, October 14: A Little Lower, But it Won’t Last
Mortgage interest rates for 30-year fixed-rate loans have decreased slightly to 7.30% APR, marking a small decline from previous days. However, new inflation data showing a year-over-year increase of 3.7% is likely to push rates back up, with increased expectations for the Federal Reserve to raise the federal funds rate later this month. As inflation remains high, lenders are adjusting mortgage ra... more
Oct 14, 2026 7:07 AM — Mortgage Rates
Today's Mortgage Rates Continue Declining, For Now: Oct. 14, 2026
As of October 14, the average interest rate on a 30-year fixed mortgage is 7.521%, down from 7.555% the previous day. Mortgage refinancing rates are currently 7.639% for 30-year loans and 6.676% for 15-year loans. Rates have been declining but are expected to rise again due to inflation concerns following a recent consumer price index report. Homebuyer demand is significantly lower than last year,... more
Oct 14, 2026 7:05 AM — Mortgage Rates
Hotter inflation could force Fed to move rate hike plans to October
In September, the Consumer Price Index rose 3.7% year-over-year, up from 3.4% in August, primarily driven by a significant increase in energy and gasoline prices. This rise in inflation, especially with energy prices surging by 20.4% and gasoline by 34.2%, raises the potential for a Federal Reserve interest rate hike in October, which could contribute to higher mortgage rates.
Oct 14, 2026 7:04 AM — Mortgage Lending
How to Build $9,050 a Month in Dividend Income Without Selling a Single Share
The article discusses the capital requirements for generating a monthly income of $9,050 through dividends, highlighting that the amount of capital needed depends on the targeted yield. A 3.5% yield requires approximately $3.1 million to achieve this income, while a higher, aggressive yield of 12% only requires about $905,000. The article emphasizes the importance of understanding withdrawal strat... more
Oct 14, 2026 6:48 AM — Interest Rates
CPI Puts a Floor Under Recent Rate Rally
The core CPI data showed a surprising increase of 0.335%, compared to an expected 0.2%, which has significant implications for inflation and the Federal Reserve's rate hike outlook. This unexpected rise in inflation undermines previous reductions in rate hike expectations and suggests that current low rates may remain the floor until further data is available. The article emphasizes the importance... more
Oct 14, 2026 6:47 AM — Housing Market
Social Security announces 3.6% COLA for 2027, the highest in 4 years
The Social Security Administration announced a 3.6% cost-of-living adjustment (COLA) for 2027, increasing monthly benefits for retirees and disabled workers by an average of $75. While this increase is the highest in four years, many critics argue it fails to fully account for the inflation costs that seniors face, particularly in essentials like food, energy, and healthcare. The COLA is based on ... more
Oct 14, 2026 6:35 AM — Mortgage Lending
CoreWeave Stock Could Go to Zero if AI Boom Falters, D.A. Davidson’s Gil Luria Warns
D.A. Davidson analyst Gil Luria warns that CoreWeave's shareholders could face significant losses if the AI investment boom weakens, despite the company having a $104 billion revenue backlog. CoreWeave's current debt is costly, borrowing at around 9%, while its returns on investments are substantially lower, raising concerns about its ability to meet debt obligations. The company reported high net... more
Oct 14, 2026 6:35 AM — Mortgage Lending
Wendy's store closures may be just the beginning, analyst warns
Wendy's is facing significant challenges, including potential closures of hundreds of restaurant locations due to competition and recent franchisee bankruptcies. Meritage Hospitality Group, one of its largest franchisees, filed for Chapter 11 bankruptcy, leading to closures and heightened visibility on the company's struggles. Analyst Andy Barish suggests that there may be further closures as fran... more
Oct 14, 2026 6:33 AM — Mortgage Lending
Trump and Nancy Pelosi’s Top AI Stock Pick: NVIDIA (NVDA)
NVIDIA is a favored stock among US politicians, with significant purchases by members of Congress. The company leads AI spending due to its dominance in data center chips, contributing to a 106% revenue increase in Q2 2027. Analysts predict continued growth, although concerns about cyclical slowdowns and increasing competition, notably from Alphabet, pose risks. Recent trends show NVIDIA’s market ... more
Oct 14, 2026 6:31 AM — Mortgage Rates
MBA mortgage applications slip 2.7% as rates continue to rise
For the week ending October 9, 2026, mortgage applications dropped by 2.7%, coinciding with a rise in the 30-year fixed mortgage rate to 7.5%. Purchase applications declined by 4%, while the share of adjustable-rate mortgages (ARMs) increased to 10.5%. The unadjusted index reflected a 2% decrease compared to the prior week.
Oct 14, 2026 6:29 AM — Mortgage Rates
Elevated rates keep mortgage demand on one-way descent
Mortgage applications fell by 2.7% last week as financing costs remained high, with average rates for 30-year home loans reaching 7.5%. Purchase applications have declined for over a month, down 4% week-over-week and 16% year-over-year, while refinance activity dropped 0.4% and is down 56% from last year. Joel Kan from the MBA noted that the rise in rates, driven by inflation and government bond y... more
Oct 14, 2026 6:27 AM — Interest Rates
Stock Market Today: Stocks Head Lower as Hot Inflation Puts Another Fed Rate Hike Back in Play
Bank of America's premarket profits fell short of expectations, causing a drop in its stock value, while Micron faced declines due to competition from CXMT. The September Consumer Price Index (CPI) rose 3.7%, exceeding the 3.6% forecast, igniting concerns over a potential Federal Reserve rate hike in October. Consequently, Treasury yields rose above 5.2%, impacting smaller companies that often hav... more
Oct 14, 2026 6:25 AM — Mortgage Lending
BlackRock stock jumps as Q3 earnings, investor inflows beat expectations
BlackRock's stock rose 4% after exceeding third-quarter profit and revenue expectations, reporting an adjusted net income of $2.62 billion and a 19% revenue increase to $7.75 billion. CEO Larry Fink highlighted the firm's scale and new financing opportunities, including a push to develop a market for AI chip financing, similar to the mortgage-backed securities market of the 1980s. BlackRock also a... more
Oct 14, 2026 6:24 AM — Housing Market
Apple is finally taking the smart home seriously
Apple has officially entered the smart home market with the launch of its new device, HomeView, which features a 7-inch Liquid Retina Display and serves as a hub for controlling smart home devices. Unlike current low-cost smart speakers, HomeView aims to leverage AI and offers enhanced functionality, allowing users to view camera feeds, control lights, locks, and more. The device prioritizes priva... more
Oct 14, 2026 6:17 AM — Mortgage Lenders
Compass gets serious about AI, adds Google Gemini leader to board
Compass has appointed Sissie Hsiao, a former Google executive, to its board of directors to enhance its focus on artificial intelligence and advertising-driven growth. This appointment follows the resignation of Charles Phillips, with Frank Martell and Steven Sordello taking on expanded leadership roles within the board.
Oct 14, 2026 6:17 AM — Interest Rates
Wall St set for lower open as hot inflation data fuels rate-hike bets
U.S. stock indexes dipped on October 14 after an unexpected rise in consumer prices for September, predominantly driven by increasing gasoline costs, which heightened expectations of an interest rate hike by the Federal Reserve. The probability of a rate increase this month surged from 21.6% to 46%. Experts, however, speculate that the Fed may not hike rates until December to avoid timing issues w... more
Oct 14, 2026 6:12 AM — Interest Rates
High gas prices pushed CPI inflation to 3.7% in September
The annual inflation rate increased to 3.7% in September, driven primarily by a 9.1% rise in gas prices, alongside significant increases in fuel oil and other costs. Core inflation, which excludes volatile food and energy prices, also rose, prompting concerns about persisting price pressures. As a result, the likelihood of the Federal Reserve raising benchmark interest rates this month has increas... more
Oct 14, 2026 6:07 AM — Mortgage Lending
Bank of America Stock Slips 4% After Q3 Miss. Here’s Where Shares Could Go Further
Bank of America (BAC) experienced a 4% drop in stock price after reporting third-quarter earnings that fell below analyst expectations. The bank's profit was $0.91 per share, down from $1.04 a year earlier, largely affected by a notable $1.2 billion charge related to anti-money-laundering penalties. Despite excluding this penalty, the earnings still missed expectations, mainly due to a 5% decline ... more
Oct 14, 2026 6:05 AM — Mortgage Rates
Washington Says This Is a Historic Boom. Your Mortgage Rate Tells a Different Story.
The average 30-year fixed mortgage rate rose to 7.40% by October 8, up 0.69 percentage points in a month, increasing the annual cost of a $400,000 loan by about $2,229 compared with a month earlier. Although GDP growth is strong, falling savings and high credit card rates suggest households may be relying on debt to sustain spending. With the 10-year Treasury yield at 5%, the article argues that m... more
Oct 14, 2026 6:04 AM — Treasury Rates
Inflation uptick puts pressure on Fed to hike again
Rising Treasury yields are pushing up mortgage and other borrowing costs, while investors anticipate the Federal Reserve will keep fighting inflation. The article also notes strong consumer spending and higher oil prices as factors adding pressure to rates.
Oct 14, 2026 6:03 AM — Mortgage Rates
Inflation Jumps to 3.7% in Troubling Sign for Mortgage Rates
U.S. inflation rose to 3.7% annually in September, driven largely by a 9.1% monthly jump in gasoline prices. Rising inflation may keep pressure on mortgage rates and influence the Federal Reserve’s upcoming rate decisions. Mortgage rates have climbed from 6.66% in late August to 7.4%, worsening affordability amid a slowing housing market. Economists expect the Fed to hold rates steady in October, ... more
Oct 14, 2026 6:03 AM — Mortgage Lending
Bank of America stock on track for worst day since 2025 as $1.2 billion fine weighs on Q3 earnings
Bank of America's stock fell 4.7% following a $1.2 billion regulatory penalty that impacted its third quarter results. The bank reported a net income of $6.93 billion, missing analyst expectations. The earnings were notably affected by regulatory issues concerning anti-money laundering safeguards. Despite these setbacks, the bank reported an 8% increase in net interest income due to higher lending... more
Oct 14, 2026 6:03 AM — Mortgage Lending
Bank of America stock on track for worst day since 2025 as $1.2 billion fine weighs on Q3 earnings
Bank of America's stock fell over 6% following a $1.2 billion regulatory penalty, impacting its quarterly earnings, which reported a net income of $6.93 billion, less than expected. While revenue increased by 3% to $30 billion, it still did not meet analyst expectations. The bank is facing a payment for its failures in anti-money laundering safeguards, with an ongoing remediation process. Despite ... more
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