Mortgage Rates Tick Down to 6.81% as Pending Home Sales Rise

Realtor.com; Getty Images (1) Mortgage rates fell from 6.84% last week to 6.81% for a 30-year fixed home loan for the week ending Nov. 27, according to Freddie Mac. “The 30-year fixed-rate mortgage moved down this week, but not by much,” said Sam Khater, Freddie Mac’s Chief Economist in a statement.

‘The DOJ is coming for NAR’: What’s next after the $418M settlement?

NAR’s $418 million antitrust settlement has been approved, but real estate industry experts believe the legal wrangling is far from over. (Image generated by AI in Midjourney) As the saying goes, when one door closes, another opens. For the U.S. Department of Justice (DOJ), that door very well may b

Mortgage demand jumps 6.3% as rates level off

Mortgage applications rose 6.3% on a seasonally adjusted basis during the week ending Nov. 22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). It is the third straight weekly increase for applications — a good sig

UWM drops LLPAs on government loans with FICOs of 600+

Top U.S. wholesale lender United Wholesale Mortgage (UWM) has taken another aggressive move related to its product set, underscoring its strong commitment to government-backed loans. On Wednesday, the company announced the removal of all loan-level pricing adjustments (LLPAs) on government loans, al