Government

Mortgage rates gained just one basis point week-over-week according to Freddie Mac, marking the sixth consecutive week that the 30-year rate exceeded the 7% mark, pushing down home builder sentiment nationwide.

The Committee will continue to assess additional information and its implications for monetary policy at future meetings with an inflationary goal of 2%.

Despite mortgage rates hitting the highest levels seen in a month, the MBA reports a week-over-week rise in overall mortgage application volume, led by renewed interest in FHA and conventional purchase apps.

Kim Yowell of Fairway Independent Mortgage was honored at the Keys for Life Gala in Dallas during the Five Star Conference for her contributions to the mortgage marketplace.

The semi-annual Legal League Fall Servicer Summit was held as part of the Five Star Conference & Expo in Dallas, as the industry's foremost experts discussed the latest compliance issues facing the industry.

The financial services company promises to assist Floridians who have lost their homes in the disaster and aid in the rebuilding of homes and communities.

Meet the five finalists for the Laurie A. Maggiano Legacy Award, an honor recognizing the accomplishments of women leaders in the mortgage space for the positive role they play in the marketplace.

“No one who has bravely served our country should struggle to secure and maintain housing," said Secretary Marcia L. Fudge. "HUD is taking an important step toward helping improve the quality of life for Native American Veterans."

At the upcoming Five Star Conference & Expo, the work of some remarkable businesswomen will be recognized as the Five Star Institute will name the winner of the 2023 Corporate Social Responsibility Award for philanthropic efforts in the mortgage space.

As challenges persist for first-time homebuyers, mortgage rates trended upward yet again, rising six basis points week-over-week and remaining above the 7% mark for the fifth straight week.