Freddie Mac: Geopolitical struggle sends mortgage rates tumbling

After climbing to their highest level in over seven years, mortgage rates tumbled last week, Freddie Mac’s latest survey shows. The company explained the decline was driven by recent trade and geopolitical issues, which led to a sudden decrease in long-term Treasury yields.

Finicity, Blue Sage Solutions announce partnership

Fincity, a provider of real-time financial data aggregation and insights, announced a new partnership with Blue Sage Solutions, a cloud-based digital mortgage lending platform, to create a frictionless digital lending process.

Counting the costs: Can you afford to become a Realtor?

Do you have what it takes to be a Realtor? Probably not. According to a blog post from Trulia via Inman.com, 80% of Realtors quit after less than two years in the industry.

Housing investment pulls GDP down in second quarter

The already-lower gross domestic product in the first quarter of 2018 was revised downward Wednesday. The downward revision can be contributed to a drop in housing investment, however one expert explained he expects GDP to see a strong rebound in the second quarter.

MBA: Mortgage applications continue to plummet

Mortgage applications continued last week’s decreasing trend, falling 2.9% from last week. But the MBA's survey also showed interest rates also suddenly decreased after seeing several weeks of consecutive increases.

Bloomberg report sounds warning on pending mortgage lending crisis

The language may be infuriating for a loan officer to read: referring to mortgage lenders as "small-time bankers" who are "peddling to the poor." But Prashant Gopal’s Bloomberg report states that even the Federal Housing Administration is concerned about rising defaults in its mortgage insurance program.

The average size of all mortgages actually fell last month

HousingWire reporter Kelsey Ramírez states, “Homebuyers are going to continue to need larger loans as home prices increase.” The good news for homebuyers is that the average size of their new mortgages are actually recently went down, for now.