News

The 60% reverse mortgage rule: What it is and how it impacts borrowers now
The 60% reverse mortgage rule limits upfront borrowing. Here's what that means for older homeowners and their debt.
Mortgage Rates Just Hit a 5-Week Low—Saving Buyers Over $1,000 a Year vs. Spring
Since early June, however, homebuyers have gotten some relief, with the flagship mortgage rate average moving further and ...
Why mortgage lenders are ignoring Trump’s rollback on home appraisal reviews
Some of the country's biggest lenders, including JPMorgan Chase, Bank of America Corp. and U.S. Bancorp, said they would make ...
Mortgage Interest Rates Today: Mortgage Rates Dip Slightly Even as Fed Holds Steady on Cuts
The average rate on 30-year fixed home loans registered 6.72% for the week ending July 31, down slightly from 6.74% last week ...
Mortgage Rates Dropped Ahead of This Week's Fed Meeting—But the Link May Be Weaker Than You Think
Mortgage rates have dropped, but it's not likely tied to the latest Fed news. Here’s why waiting for a Fed rate cut could be ...
Not even a 0% mortgage rate would make buying a house affordable in these 6 U.S. cities
Housing affordability in the U.S. remains at crisis levels due to a combination of stubbornly high mortgage rates and home ...
Fed Won't Budge on Interest Rate Cut Despite Trump's Demand for Mortgage Relief
As was widely expected, Fed policymakers on Wednesday left the central bank's overnight rate unchanged at a range of 4.25% to ...
Mortgage Rate Outlook: Should You Lock Now Or Wait For Possible Fed Cuts?
Americans shopping for a mortgage may want to hold tight for now. At its July 30 meeting, the Federal Reserve did not deliver ...
General Mortgage Capital Corporation Launches GMCC MLO Academy and AI Suite, Unveiling “AI Advisor” App as Cornerstone
In a strategic move set to redefine professional development in the mortgage industry, General Mortgage Capital Corporation ...
UBS to pay $300 million to resolve US mortgage securities cases
UBS on Monday said it will pay $300 million to settle outstanding obligations related to the misselling of mortgage-linked ...
Canyon Partners Inks Deal Helping A&D Sell More Mortgage Bonds
Alternative asset manager Canyon Partners is committing $250 million to buy new mortgage bonds created by A&D Mortgage LLC, a ...
Mortgage rates plunge to 10-month low, opening window of opportunity for house hunters
When rates drop, homeowners can look at not only lowering their existing mortgage rate, but also shortening their loan term, ...