Industry News
Coming Up:
Fed Hike Raises HELOC Costs While Mortgage Rates Stay Near 7%
Prime rose to 7% while the 10-year Treasury remained near 5%, giving originators two different borrower conversations
Rocket Raises Conforming Loan Limit To $845K Ahead Of FHFA
The higher limit gives brokers more room to keep borrowers from crossing into jumbo territory
Rocket Pro Launches ‘Moving Squad’ To Recruit Brokers From UWM
Rocket is offering partners up to $10,000 to help bring UWM brokers onto its platform
NEXA, UMortgage Leaders Explain What Drove Acquisition
Kortas relinquishes the CEO title, elevating Casa to co-equal "executive partner"
Warsh Sees Housing Strain, Keeps Rate Hikes In Play
Fed chair says broader financial conditions remain loose, inflation is too high, and markets should expect less guidance on what comes next
July CPI Eases Mortgage-Rate Risk, But Doesn’t Promise Relief
Consumer inflation rose just 0.1% in July, reducing pressure for a September Fed rate hike as mortgage rates remain near their highest levels of the year
The Fed Held. The Mortgage Market Got A Warning.
Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief