News
Higher mortgage rates push applications lower after holiday week
1+ hour, 28+ min ago (521+ words) MBA reported mortgage applications declined as the 30-year fixed rate increased to 6.65%, the highest since August 2025. The refinance index rose 4% and the seasonally adjusted purchase index fell 7% in the week ending July 10, 2026. AI Summary Mortgage applications fell last week as…...
MBA reports June decline in mortgage credit availability
22+ hour, 29+ min ago (362+ words) MBA reported mortgage credit availability tightened in June, with the MCAI down 2% to a reading of 105.8, the lowest figure since December 2025. The decline was driven by a 4.6% drop in government programs, while jumbo availability rose 0.6%. AI Summary Mortgage credit availability…...
Big banks beat mortgage origination forecasts in Q2
22+ hour, 12+ min ago (649+ words) Depository institutions reported a stronger-than-expected Q2 2026 for mortgage originations, averaging a 32% increase compared to Q1. JPMorgan produced $17.2 billion as gain-on-sale margins fell to 85 bps, and Wells Fargo continued reductions to third-party servicing. AI Summary Big banks exceeded analysts’ expectations for mortgage origination…...
CPI falls 0.4% in June, Fed hike odds fade
1+ day, 43+ min ago (489+ words) June CPI fell 0.4% and core CPI was flat, with gas down 9.7% and shelter up 0.1%. FedWatch now shows an 85.6% probability of no change next week, easing near-term upward pressure on mortgage rates. AI Summary Inflation slowed in June amid a now-defunct…...
Mortgage AI Adoption Becomes an Enterprise Trust Curve
1+ day, 12+ hour ago (963+ words) AI in mortgage lending has evolved rapidly over the past two years, shifting from curiosity and experimentation to enterprise-wide operational transformation. Michael Vandi, founder and CEO of Addy AI, has spent the past several years working with mortgage lenders as…...
Mortgage Workflow Governance Comes Before AI Investment
4+ day, 20+ hour ago (912+ words) Mortgage lenders continue to invest in AI, automation and digital transformation despite ongoing cost pressures. Yet many organizations still struggle to achieve the returns they expected. Larry Bailey, CEO of Mortgage Workflow Partners, said the problem isn’t the technology itself....
Can mortgage rates survive hawkish Fed talk during inflation week?
1+ day, 17+ hour ago (326+ words) Despite falling oil prices, Fed messaging remains focused on monthly core inflation, with 0.2% a key threshold. Conflict uncertainty is contributing to a higher 10-year yield, keeping mortgage rates vulnerable during inflation week. AI Summary It’s inflation week and the continuation…...
AI likely to strengthen large mortgage lenders, not disrupt industry
1+ day, 22+ hour ago (689+ words) A July 12 report from Keefe, Bruyette & Woods argues AI is more likely to improve efficiency in mortgage banking than upend it. The firm says scale and data advantages should help large lenders lower costs, speed production and drive consolidation. AI…...
Bank statement loans: More mortgage options for self-employed buyers and homeowners as rates ease
6+ mon, 3+ week ago (987+ words) If you’re self-employed, paid on commission, or run a business, you already know the frustration: you can have strong cash flow, great credit, and real assets—yet a traditional mortgage can still feel like a square peg in a round…...
Iran conflict lifts mortgage rates, but housing demand stays positive
3+ day, 18+ hour ago (729+ words) Despite rate volatility tied to the Iran conflict, weekly pending sales and purchase apps stayed positive year over year. Inventory was slightly lower than last year, and price-cut share fell to 39.57% vs 41%. AI Summary Let’s dive into the tracker data…...