Applications for ARMs increased by 15% on a weekly basis.

Concerns about interest rates outpaced home prices for the first time since Fannie started surveying consumers in 2010.

“The only kind of new supply coming out of the market in any scale is ground-up construction or refreshed housing products,” said Steven Trowern, the founder and principal of Temple View Capital.

In a speech Monday, Michael Barr largely defended the Basel proposal while also encouraging feedback to help with potential revisions.

Earnings season kicks off later in the week with third quarter results from JPMorgan Chase.

Mortgage lenders delivered $282.16 billion of first-lien home loans into the agency secondary market during the third quarter of 2023, a modest 2.3% increase from the prior period, according to a new ranking and analysis by Inside Mortgage Finance.

After FHFA finishes a review of the Federal Home Loan Bank system, the agency will issue at least one proposed rule with reforms.

MBA's leader called on the Fed to provide some certainty to financial markets.

Various factors are to blame for rising interest rates on mortgages...

Banks and thrifts held $44.06 billion of mortgages for sale as of the end of June, up 8.1% from the end of March.