Bilt has partnered with Venmo to allow users to make mortgage payments from within the Venmo app. You'll now be able to let everyone know how much your mortgage payment is.

Cooler than expected CPI report does one important thing for mortgage rates today; prevents them from bouncing HIGHER. It also paves the way for the Fed to justify a rate cut next week less friction. And gets us ever closer to the 5s for the 30-year fixed, albeit slowly and likely with resistance.

🚨 Big CPI report tomorrow (delayed due to the shutdown). And the ONLY data report we'll get for a while. If it comes in hot, mortgage rates might push back toward 6.5%. If it comes in cold, mortgage rates might be knocking on 5%'s door. The first time they've been there since February 2nd, 2023!

Is this as good as it gets? The MBA says the 30-year fixed will hover between 6% and 6.5% through the year 2028. "Growing budget deficits and elevated inflation expectations" will keep long-term rates from falling much more, even as Fed cuts short-term rates. 2026: 6.4% 2027: 6.3% 2028: 6.5%

Sign of the times: A lender in Florida has launched a reverse second mortgage. Allows seniors to access home equity w/o having to pay off or refinance their low-rate first mortgage. Money can be used to supplement retirement income or cover "rising healthcare costs" sans monthly payments.

United Wholesale Mortgage (UWM), the nation's largest mortgage lender, just announced a 10-year, ~$115M naming rights deal for the downtown Phoenix arena. Formerly known as Footprint Center, it will now be known as Mortgage Matchup Center, home of the Phoenix Suns and Mercury.

POV: You're inquiring about an FHA loan...🤦‍♂️

Another government shutdown will begin at 12:01 a.m. on Wednesday unless lawmakers can find a resolution. This isn’t the first time we’ve faced a shutdown lately, and won’t be the last. One issue is the delayed release of key government data, which affects mortgage interest rates.

This time it does in fact appear to be different.

So far, at least 3 large mortgage companies have upped conforming loan limits ahead of time for 2026. This has been somewhat customary lately as home prices, which dictate loan limits, have gone up significantly year after year. But the latest increase is a lot more muted than in prior years.

Pulte: "Since the President has come into office he's lowered mortgage rates, you can see, you know, when he started out it's already down." "And then on top of that Maria, refinancings are through the roof."

Your intermittent reminder that mortgage rates tend to fall during government shutdowns. Bond yields drop as investors seek safe-haven assets like Treasuries. As such, mortgage rates benefit, though w/o the release of another [ugly] labor report Friday, we could actually be worse off.

The credit card that lets you earn points for paying the mortgage each month is offering a 50k sign-up bonus. But the $12k minimum spend is pretty steep and the mortgage payment itself doesn't count toward that. I've been pondering the card but remain on the fence.

Mortgage rates, like all other things, don’t move in a straight line up or down. But if you zoom out they’ve been trending lower as opposed to higher since late 2023 and despite the past couple days, could well continue that move lower.

Mortgage rates have basically come full circle over the past 52 weeks. The question now is will they keep moving lower or reverse course and turn higher again? The answer will be determined by either increased unemployment or worsening inflation.

Mortgage rates moved lower today on fewer job openings and higher layoffs. When there are less jobs available, employers can pay less and that's good for wage inflation. Bond yields dropped on the news and if labor comes in cold Friday, the 30-yr fixed may finally break meaningfully below 6.50%.

My friend got an email from his loan servicer yesterday saying he could tap $474k. He didn't understand it. Said but I only owe ~$800k... I said yeah, lenders require a buffer so you aren't levered to 100%. A) Thank goodness for guardrails B) Crazy how little the average homeowner understands

Housing market sentiment is strange right now. You have one side who thinks we're on the cusp of a bubble burst bigger than the GFC (any day now). While the other side is gearing up for a home sales bonanza in 2026 on the heels of a new-look, super accommodative Fed.

Chase has brought back its HELOC so homeowners can tap their equity again. But is it a good deal? One thing I noticed is you have to draw at least 85% of the credit line (e.g. $85k/$100k). And there is an origination fee up to 4.99%. Not all banks charge this fee or require a draw at closing.

Mortgage rates hit a fresh 2025 low this week after Jerome Powell implied cuts were on the way. The 30-year fixed fell to 6.52%, per Mortgage News Daily, the lowest level since early October. However, rates could rise between now and Fed cut day in mid-September, and a cut still isn't a guarantee.

To the muppets who think Powell will be bullied into lowering rates: "FOMC members will make these decisions based solely on their assessment of the data and its implications for the economic outlook and the balance of risks." "We will never deviate from that approach."

The administration has made it clear that they want lower mortgage rates. But how will mortgage rates improve if the only way they can improve is with another bad jobs report? And they just FIRED the old commissioner because of a bad jobs report.

Assumable mortgage platform Roam has rolled out a new feature that lets customers buy a home w/ their BTC. Works w/o liquidation via a collateralized loan that advances 10-50% of the holdings' value. USD funds can then be applied toward earnest money, down payment, and/or closing costs.

Apparently "The Great American Mortgage Corporation" is the new collective name for Fannie and Freddie. And Bill Ackman thinks a combined company could lead to lower mortgage rates for consumers. All somehow expected to happen in three months.

Be careful listening to RE agents, LOs, mortgage brokers, housing directors, and even Presidents tell you that the new-look Fed will lower mortgage rates soon. It only works if the underlying economic data supports lower interest rates. You can't just decide one day to lower mortgage rates.

Hung out with a friend yesterday who is looking to buy a home right now. Said once Powell is out and Fed lowers rates to zero, mortgage rates will be ~3% again and home prices will go up 20% or more. Wants to buy not one but multiple properties to ride this expected wave.

The VA Home Loan Program Reform Act restores the partial claim option for veterans facing foreclosure. It allows delinquent borrowers to put past due payments at back of loan w/ zero interest. But crucially, veteran homeowners still don't have an option to make future payments affordable.

Despite having a ~$3B net worth, Jay-Z and Beyoncé took out a second mortgage on their Bel Air mansion, per DailyMail. They now have a $57.75M mortgage (10-year ARM set at 5%), along with a $52.8M first mortgage set at 3.15%. Rich people love mortgages. Yet the less rich love paying them off.

Over on X, Chamath Palihapitiya arguing "Bill Pulte would be an exceptional pick to run the Federal Reserve." Says next Fed chair needs to be "someone who understands rates because of expertise in housing and mortgages." Can't tell if this is serious or not.

The CEO of home builder Dream Finders Homes and the CEO of Union Home Mortgage are reportedly buying the Tampa Bay Rays, per ESPN. Would join Freedom Mortgage CEO who owns stake in Phillies, UWM CEO who owns Suns/Mercury, and his brother who is in line to be next owner of the Chicago White Sox.

There's an interesting catch-22 in today's housing market... “Increasing inventory levels are helping to make homes more affordable, but prices are falling in an increasing number of markets and homes are taking longer to sell, which could make homeowners reluctant to list.” - ICE's Andy Walden.

I keep seeing articles claim that paying rent will help you get a mortgage now. This is b/c VantageScore has been pushed as an alternative to FICO. But rent only factors into scores if reported by landlords or self-reported by tenants. How often is that actually happening???

Robinhood has teamed up w/ Sage Home Loans to offer mortgage rate discounts to its Gold members. We're talking a 0.75% rate discount (relative to the daily MND rate) & a $500 closing cost credit. However, Robinhood Gold costs $5 per month (or $50 per year). And you still need to shop around.

I decided to pose a question to AI regarding mortgage rates. Specifically, I asked the following: “Is there a higher likelihood of U.S. mortgage rates being higher or lower than current levels by December 31st, 2025?” The answer: “A modest decline.” How modest? Roughly 6.3% by year end.

Rocket has completed its takeover of Redfin and is now integrated into all mortgage-related aspects of the app/website. Here's a first look at the new Rocket Preferred Pricing. Customers who use Redfin & Rocket Mortgage get either a 1% rate buydown in year one or up to a $6k lender credit.

Mortgage rates have quietly inched down near their lowest levels of 2025. Now even the most aggressive 2025 mortgage rate forecasts (think sub-6% by year-end) are on the table again. And there are still six months left in the year to get there.

The nation's largest mortgage lender, UWM, was also #1 in the state of Georgia last year. Total production of nearly $5 billion, followed by Rocket Mortgage with $4.4B and Ameris Bank with $2B. Top home builder D.R. Horton's in-house lender DHI Mortgage also made the list.

Mortgage rates are falling post-Iran strikes... The driver is cheaper oil prices (for now), less concern about tariffs being inflationary, and a second Fed official calling for rate cuts earlier. But geopolitics will keep things choppy.

Guild Mortgage to be acquired by Bayview Asset Management for about $1.3B. Guild, which operates a distributed retail network nationwide, was the 11th largest mortgage lender in 2024, funding about $23B in home loans. Bayview owns a large loan servicer so it's another lender/servicer tie-up.

Instead of asking for rate cuts, why not enact policy that leads to less inflation and by extension lower interest rates? If you truly want to bring down mortgage rates and help the housing market, clarity is needed. This means finalizing all the tariffs, the government spending bill, etc.

My take on mortgage rates now is that anything closer to 6% than 7% has become the "magic number." E.g. a rate of 6.49% and below and it appears to be game on for home buyers.

The top mortgage lenders in Texas now include several home builders, which happen to have their own in-house lenders. Both D.R. Horton's DHI Mortgage and Lennar Mortgage made the list last year thanks to their massive mortgage rate buydowns. Sign of the times...

I keep reading articles that try to argue that mortgage rates aren't that high. That they're lower than their long-term average (which is true). Yet any time rates drop, home buyers pounce. So clearly rates ARE too high.

It appears sales will be down year-over-year for the 3rd consecutive month, and sales-to-date in 2025 are trailing sales in 2024 - and 2024 was the lowest sales year since 1995! And sales in April might have a 3 handle (be under 4 million). calculatedrisk.substack.com/p/2nd-look-a...

A look at the top 10 mortgage lenders in the state of California in 2024. If you got a mortgage in CA last year, did you use one of these lenders?

Guess what mortgage rate most homeowners go with. Not 5%, 6%, or 7%. But 4.875%, 5.875%, or 6.875%. Question is, is it worth it?

Why aren't we seeing foreclosures and short sales despite rising delinquencies, even on DSCR and non-QM loans that require no income documentation? Low LTVs... Distressed borrowers today are able to "sell the property, extract equity, and satisfy the loan obligation." Skin in the game is good.

🚨 Big loss mit changes at FHA 👇 "FHA’s prior failure to definitively sunset the COVID-19 emergency loss mitigation “waterfall” has increased risk in the MMIF, hurt taxpayers, set up many FHA borrowers for failure, and enabled other FHA borrowers to abuse the current process."

I don't think the housing market can stomach a return to 7% mortgage rates.

Are people still talking about costs being lower under the new administration? Haven't seen as many posts lately about cheaper eggs and lower mortgage rates.