The MBA projects that the average interest rate for a 30-year fixed-rate mortgage will decline from 6.8% in the second quarter of 2025 to 6.6% in the second quarter of 2026.

Constructive has 165 employees and originated $840 million of loans in the first half of 2025.

“As we take the next steps to quickly and responsibly implement a VA partial claim program, we expect servicers to continue to offer Veterans a full array of loss mitigation options,” VA’s loan guaranty service said.

Borrower demand is shifting month to month, largely tied to trends in mortgage rates.

“There is still plenty of uncertainty surrounding the economy and job market, which is weighing on prospective homebuyers’ decisions,” said Joel Kan, a vice president and deputy chief economist at the MBA.

The Senate Committee on Banking, Housing and Urban Affairs approved the ROAD to Housing Act on a 24-0 vote.

Two Harbors booked a contingency liability and related expense of $199.9 million in the second quarter tied to litigation with the former manager of the REIT.

The distillery was the last tie to the legacy business of Eastside Distilling, a publicly-traded company that acquired a mortgage lender in 2024.

Home prices were down 0.2% on a monthly basis in May, according to FHFA.

The spring homebuying season and some refinance activity helped to boost production thus far this year.