TransUnion: Mortgage, home equity lending grow despite high rates
Rate-and-term refinances climbed 44% and cash-out refis increased 15%. Home equity originations had their strongest annual growth since 2022.
Mortgage Rates
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Mortgage rates drop to another new low for 2025
Mortgage rates reached a new 2025 low on Wednesday, despite core inflation running at 3.1% year over year, according to the CPI report.
Did lower mortgage rates already lower housing inventory?
Last week we saw an actual decline in inventory week to week, which is rare for this time of year compared to recent years.
Trump taps economic adviser Stephen Miran for Fed board seat
Miran, who currently chairs the Council of Economic Advisers, is being appointed to serve the remainder of a term that expires in early 2026.
How much lower can mortgage rates go after Friday’s jobs report?
Mortgage rates fell 0.18% last week, breaking below the key threshold of 6.64%. How much lower can they go?
The Fed could cut rates in September. Mortgage pros are skeptical of the impact
While many expect the Federal Reserve to cut interest rates at its September meeting, mortgage professionals caution that even if it happens, it won’t significantly impact the industry.
Housing inventory growth is starting to stall
Housing inventory rose to 860,426 last week, but that growth is starting to stall out as we head into August.
Bright MLS: Housing market shifts toward necessity, balance
The survey found that nearly 75% of agents had buyers pause their home search — an increase from less than two-thirds in Q2 2024.
Mortgage spreads are almost back to normal
In a week marked by wild headlines, mortgage rates remained relatively calm, thanks to improvements in mortgage spreads.
Single-family construction is getting worse due to rates
Thanks to Fed policy, data on single-family construction is not improving; in fact, it is getting worse.