Mortgage Industry News

A collection of Mortgage latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

reuters.com - Spain's Santander to exit mortgage business in Germany and cut 500 jobs
Spain's Santander to exit mortgage business in Germany and cut 500 jobs
Reuters

A Santander company logo is pictured at the company's headquarters in Boadilla del Monte, outside Madrid, Spain, February 2, 2023. REUTERS/Violeta Santos Moura/ File photo Purchase Licensing Rights, opens new tab MADRID, April 17 (Reuters) -…

telegraph.co.uk - Fran Ivens - Mortgages rise as hopes of summer rate cuts are dashed
Mortgages rise as hopes of summer rate cuts are dashed
The Telegraph

Mortgages are going up as higher than expected inflation figures cast doubt over the likelihood the Bank of England will cut interest rates before the summer. Coventry Building Society is raising all of its fixed rates on its residential mortgages…

newsweek.com - Tim Maxwell - Today's Mortgage Rates April 17, 2024: 30-Year Rates Trending Up
Today's Mortgage Rates April 17, 2024: 30-Year Rates Trending Up
Newsweek

The current average mortgage rate on a 30-year fixed-rate mortgage, the most popular home loan, is 7.20%, a 23 basis points jump from the previous week. Borrowers looking for a shorter payoff horizon with 15-year fixed mortgages face an average…

businessinsider.com - Molly Grace - Mortgage Interest Rates Today, April 17, 2024 | Rates Surpass 7%
Mortgage Interest Rates Today, April 17, 2024 | Rates Surpass 7%
Business Insider

Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product…

marketwatch.com - Laurie Sepulveda - Today's Mortgage Rates for April 17, 2024: Rates Up
Today's Mortgage Rates for April 17, 2024: Rates Up
MarketWatch

Editor's Note: Parts of this story were auto-populated using data from Curinos, a mortgage research firm that collects data from more than 250 lenders. For more details on how we compile daily mortgage data, check out our methodology here. Mortgage…

bloomberg.com - Vince Golle - US 30-Year Mortgage Rate Rises to a Four-Month High of 7.13%
US 30-Year Mortgage Rate Rises to a Four-Month High of 7.13%
Bloomberg

US mortgage rates climbed to a four-month high last week, potentially signaling a bumpier recovery for the residential real estate market. The contract rate on a 30-year fixed mortgage rose 12 basis points to 7.13% in the week ended April 12…

cbsnews.com - Matt Richardson - 3 ways to get a lower mortgage rate before the Fed's April meeting
3 ways to get a lower mortgage rate before the Fed's April meeting
CBS News

So much for a June interest rate cut. While many were cautiously optimistic at the start of the year that inflation would continue to fall and interest rate cuts would soon follow, the recent trio of inflation reports have significantly reduced…

ctvnews.ca - Pat Foran - Ontario woman out $30K after investing in mortgage company accused of being unlicensed
Ontario woman out $30K after investing in mortgage company accused of being unlicensed
CTV News

It's now up to the federal Liberal government to sell a spending plan it says will help younger Canadians catch up to their elders. With a variety of fiscal and policy measures announced in the federal budget, winners include small businesses and…

express.co.uk - Rory Poulter - Mortgage warning as building society hikes rates and more lenders tipped to follow
Mortgage warning as building society hikes rates and more lenders tipped to follow
Express.co.uk

Coventry Building Society has announced increases to its fixed rate home loans amid fears the Bank of England will delay cuts in the base rate. Brokers say this is likely to be the first of a number of increases by lenders amid continuing…

forexlive.com - Justin Low - US MBA mortgage applications w.e. 12 April +3.3% vs +0.1% prior
US MBA mortgage applications w.e. 12 April +3.3% vs +0.1% prior
ForexLive

Latest data from the Mortgage Bankers Association for the week ending 12 April 2024 Justin Low 17/04/2024 | 11:00 GMT-0 Prior +0.1% Market index 202.1 vs 195.7 prior Purchase index 145.6 vs 138.7 prior Refinance index 500.7 vs 498.3 prior 30-year…

reviewjournal.com - Patrick Blennerhassett - Las Vegas mortgage payments have jumped nearly 50 percent
Las Vegas mortgage payments have jumped nearly 50 percent
Las Vegas Review-Journal

A Construction Coverage study found that since 2022, the average mortgage rate in the U.S. went from 3.8 percent to 6.8 percent, while the median home price for a single-family residence went from $316,778 to $347,716. In the Las Vegas metro, the…

housingwire.com - {'@id':'https:////www.housingwire.com//#//schema//person//9670cbf4300e7bbffa1d9a47f9425ca6'} - The mortgage rate pendulum swings yet again
The mortgage rate pendulum swings yet again
HousingWire

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. Cuts to the Federal funds rate (and subsequently to mortgage rates) are…

foxbusiness.com - Angela Mae - Today's 15-year mortgage rates hold steady while 30-year rates rise | April 17, 2024
Today's 15-year mortgage rates hold steady while 30-year rates rise | April 17, 2024
Fox Business

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as 'Credible' below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders, all opinions are…

triblive.com - Bloomberg News Tuesday - Cheap mortgages deter workers from relocating for $250,000 jobs
Cheap mortgages deter workers from relocating for $250,000 jobs
TribLIVE.com

Manager recruits in the industrial Midwest are shunning offers to move to the American South — in part because they're locked into super-low 30-year mortgages. A tight labor market that's allowing workers to stay closer to home, rising…

housingwire.com - {'@id':'https:////www.housingwire.com//#//schema//person//a86c8138ec340b27934c8814bbbce197'} - NPR podcast takes a closer look at reverse mortgages
NPR podcast takes a closer look at reverse mortgages
HousingWire

Because of certain persistent reputational challenges faced by the reverse mortgage industry, it can be challenging for borrowers to find objective informational sources about the product category. That's what drove a listener of the podcast…

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