Subscribe To Market Updates

Chris Mason brings you the latest mortgage news updates in easy to digest e-mails. Subscribe free today.

JPOW before Congress – March 2023 – Day 1 of 2

The Federal Reserve is considering a half-point hike in interest rates (instead of the previous 0.25% increments), and if faster tightening is required, the Fed is ready to increase the pace of rate hikes. Inflation has slowed down in recent months, but the closely...

read more

Pending Home Sales up 2.5% in December, Mortgage Rates Down

According to data from the National Association of Realtors (NAR), pending home sales rose 2.5% month over month in December. This marks the first increase since May 2022, following six consecutive months of declines. But what's driving this positive change in the...

read more

January 2023: The Year Ahead

The Federal Reserve's decision to increase the Federal Funds Rate from nearly 0% at the start of 2022 to 4.5% in December 2022 was made to combat inflation. However, this increase in the Fed Funds Rate resulted in long-term mortgage rates more than doubling, rising...

read more

Mortgage Demand Increases 28% in Single Week

Mortgage rates are at their lowest point since September, and it's bringing new demand into the market. According to the Mortgage Bankers Association's seasonally adjusted index, mortgage application volume jumped nearly 28% last week compared to the previous week....

read more

Wells Fargo Continues Mortgage Retreat

It's a changing of the guard in the mortgage market. Wells Fargo, once the dominant player in the market, continues retreating from the space. Wells Fargo wholesale stopped existing years ago, yesterday it was announced that they were shutting down correspondent...

read more
WAIT! Before you go...

If you were unable to find the information you were looking for on our website, give us the opportunity to answer all your mortgage questions with a Free 15 Minute Phone Consultation