Pennymac posts $29M profit amid expense cuts, upcoming leadership changes
Company announces pending retirement of president Doug Jones, while CSO Kevin Ryan will replace Dan Perotti as CFO
Mortgage Rates
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The housing market gets a positive Fed day for a change
We still have some pressing issues with inflation, but it looks like the Fed doesn’t want to go crazy with rate hikes
Slightly lower mortgage rates finally pause slide in housing demand
Rates fell toward 7.30% as the 10-year yield dipped below 5% in a wild week for the bond market
Proprietary reverse mortgages continue to thrive as borrowers move away from HECMs
While HECM volume fell to $880 million in Q3 2026, private-label loans totaled $1.2 billion
Can mortgage rates get under 7% for the holidays?
A path back below 7% exists, but spreads and geopolitics still matter
Fannie Mae slashes 2027 mortgage forecast amid higher rates
Refinance activity takes the brunt of the revision
MBA forecast: Mortgage volume to dip below $2T in 2027 as 7% rates linger
Trade group projected higher-for-longer borrowing costs, wider spreads and potential Fed hikes ahead
Have mortgage rates peaked, or will we see even more chaos?
The month of October still has plenty of variables that can be a problem for rates
What’s next for housing: 7%, 8% or 9% mortgage rates?
Mortgage rates are at 7.57% and demand softened more last week
Are 9% mortgage rates possible?
Without a 10-year move above 6% and the spreads widening, the math does not support 9% — even with a hawkish Fed