Such so-called pending sales are an indicator of future closings and the most current indicator of activity in the market.

"With the Fed on hold, we do expect that longer-term rates, including mortgage rates, will also stay within a narrow range for the foreseeable future,” said Mike Fratantoni, chief economist at the ...

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) remained ...

Ongoing strength in the U.S. economy drove mortgage rates up over 7% for the first time in eight months, casting doubt over a recovery in the housing sector. The 30-year mortgage rate inched up to ...

according to the Mortgage Bankers Association. This week's decline in the cost of home loans reflects a pullback in the bond yields that lenders use as a guide to price mortgages, specifically the ...

With over three years of experience writing in the housing market space, Robin Rothstein demystifies mortgage and loan concepts, helping first-time homebuyers and homeowners make informed ...

A Coalition government would lean on banks to lend to creditworthy businesses in fossil fuels, forestry and agriculture after Opposition Leader Peter Dutton attacked “woke” bankers for ...

Geoff is the CEO of the Bermuda Bankers Association, where he represents the banking industry with advocacy, education and communications aimed at a range of stakeholders. Geoff is chairman of the ...

The rate on the 30-year mortgage, the most popular home loan in the United States, jumped to 7.04 percent this week, up from 6.93 percent the previous week. Mortgage rates tend to track the yield ...

The weekly survey of mortgage application activity from the Mortgage Bankers Association (MBA) is no exception, for the most part. Refinancing picked up in the summer months as rates fell ...

Bob Broeksmit, chairman of the Mortgage Bankers Association, called Thompson "a trusted industry partner and strong advocate of expanding access to mortgage credit and affordable rental housing for ...

The Mortgage Bankers Association, whose readings are often slightly higher than Freddie Mac’s, says the average rate on the 30-year fixed-rate mortgage hit 7.09% at the end of last week.