mortgage

In response to mounting warning signs from the labor market, the Federal Reserve is preparing to cut its benchmark interest rate for the first time in nine months. Most economists…

“I want to purchase a family home so we three don’t have to pay rent.”

Geelong homebuyers feeling the pinch from higher interest rates have been looking for ways to keep up with their mortgage repayments. Mortgage pain hasn’t peaked yet for many Geelong homeowners…

A combination of factors this week will have all eyes on the Federal Reserve’s meeting on Sept. 16–17 and whether any drop in interest rates will happen. First, inflation data…

Quick Read Purchase mortgage applications were up 23% year-over-year last week as 30-year fixed-rate mortgages rates dropped to the lowest since October 2024. Optimal Blue data showed mortgage rates dropped…

Quick Read Pennymac has acquired a minority stake in mortgage software provider Vesta and integrated its cloud-based loan origination system (LOS) into its consumer direct channel. The move follows Pennymac’s…

Mortgage rates fell dramatically to a new 2025 low on Friday after an anemic jobs report convinced investors the economy is decelerating and the Federal Reserve is likely to cut…

Embattled Federal Reserve Governor Lisa Cook is facing accusations of mortgage fraud—specifically, owner-occupancy mortgage fraud. The claim is that she took out two mortgages in two states, within two weeks,…

With 7.24 million Americans out of work in July and payroll growth slowing, the Fed is expected to pivot from fighting inflation to preserving jobs. Upward pressure on mortgage rates…

When you’re buying a home, one of the first terms you’ll hear is “mortgage.” Since most buyers don’t purchase homes with cash, mortgages make homeownership possible for millions. But what…