National
Mortgage rates jump, but so do applications
By Holden Walter-Warner | September 21, 2022 10:15AM
Volatility in the housing market has produced an oddity: mortgage rates and mortgage demand increasing side-by-side. The average contract interest rate for a 30-year fixed-rate mortgage last week was 6.25 percent, according to the...
Mortgage rates jump, but so do applications
New York City resi brokers see tilt toward normal after Labor Day lull
By Harrison Connery | September 15, 2022 03:45PM
The seasons are changing in New York City. This year’s Labor Day weekend not only ushered students back to...
New York City resi brokers see tilt toward normal after Labor Day lull
National
Mortgage rates hit 6% and applications drop again
By Sasha Jones | September 14, 2022 07:00AM
Halloween’s not until next month, but home buyers are already in for a fright: The average rate on a...
Mortgage rates hit 6% and applications drop again
National
Mortgage rates hit 14-year high
TRD Staff | September 09, 2022 09:58AM
Mortgage rates hit yet another new high and may continue to rise as the Federal Reserve looks to tackle inflation. The average rate on a 30-year fixed mortgage hit 5.89 percent this week, according...
Mortgage rates hit 14-year high
Digital mortgage firm Blend loses $478M, sheds more of workforce
TRD Staff | August 17, 2022 12:45PM
A digital mortgage firm has cut another sizable chunk of its workers in its second major round of layoffs...
Digital mortgage firm Blend loses $478M, sheds more of workforce
National
Mortgage applications tick up after Fed rate hike
By Holden Walter-Warner | August 03, 2022 09:50AM
A rate hike from the Federal Reserve awakened mortgage demand from its month-long slumber. Loan application volume rose 1.2...
Mortgage applications tick up after Fed rate hike
National
Watch: What’s behind the wild and crazy housing market?
TRD Staff | July 29, 2022 11:45AM
It’s been a pretty crazy time for homebuyers and renters. Rents have been rising consistently since 2020. Vacancies are...
Watch: What’s behind the wild and crazy housing market?
Broken record: Mortgage demand hits (another) 22-year low
By Holden Walter-Warner | July 21, 2022 08:00AM
Mortgage aficionados are becoming awfully familiar with 2000 as demand keeps cratering to Y2K levels. For the week ending...
Broken record: Mortgage demand hits (another) 22-year low
National
LoanDepot laying off thousands
By Holden Walter-Warner | July 12, 2022 02:30PM
Another lender is resorting to layoffs as the mortgage market shrivels. Tucked in near the end of a business plan released Tuesday morning, loanDepot announced it would shed 4,800 people, or 42 percent of...
LoanDepot laying off thousands
Bloodbath: Mortgage industry keeps cutting staff
By Harrison Connery | July 07, 2022 05:35PM
The giant sucking sound in the home loan industry grew louder Wednesday when Sprout Mortgage told employees it’s going...
Bloodbath: Mortgage industry keeps cutting staff
