SAN DIEGO, Calif. /California Newswire/ — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, was announced as a 2024 HousingWire Tech100 Mortgage Winner for the 5th consecutive year. For more than a decade, HousingWire’s Tech100 program has identified and recognized the most innovative […] Read More
SAN DIEGO, Calif. /California Newswire/ — Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an increase of 13.96% in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited […] Read More
SAN DIEGO, Calif. /California Newswire/ — Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, revealed today a 13.71% decline in mortgage lock volume compared to the previous month. To gain comprehensive insights into the market dynamics, industry professionals and enthusiasts are invited to […] Read More
SAN DIEGO, Calif. /California Newswire/ — The Mortgage Collaborative (TMC), the nation’s largest independent cooperative network serving the mortgage industry, has wrapped up its fourth annual 12 Days of TMC, a virtual conference running from November 30 to December 15, 2023. The online event, spread over three weeks, featured several […] Read More
Mortgage rates fell for the eighth consecutive week, giving cash-strapped home buyers some relief as the new year approaches. The average interest rate on the popular 30-year fixed mortgage clocked in at 6.67% for the week ended Dec. 20, down from 6.95% a week earlier, according to data released Thursday […] Read More
SAN DIEGO, Calif. /California Newswire/ — Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, today announced a 10.7% decrease in mortgage lock volume in November compared to the previous month. This revelation comes as part of MCT’s monthly Lock Volume Indices report, offering […] Read More
New real estate data shows sellers incurring more losses, sales down New real estate data shows sellers incurring more losses, sales down 02:14 Homebuyers faced a tough real estate market this year, with home prices continuing their upward march and mortgage rates reaching their highest levels in more than 20 […] Read More
SAN DIEGO, Calif. /California Newswire/ — The Mortgage Collaborative (TMC), the nation’s largest independent cooperative network serving the mortgage industry, today announced four additions to its 2024 Management Board of Directors: * Brian Montgomery, Chairman and Founding Partner Gate House Strategies, Former HUD Deputy Secretary * Julie Piepho, CMB, President […] Read More
With inflation and interest rates remaining elevated, some U.S. homeowners are having trouble keeping up with their mortgage payments. The average interest rate for a conventional 30-year fixed-rate mortgage now hovers around 8%, its highest level since 2000. Homeowners struggling to make their monthly loan payments have several options. Request forbearance Your lender or loan […] Read More
SAN DIEGO, Calif. /California Newswire/ — Mortgage Capital Trading, Inc. (MCT®), a leading mortgage hedge advisory and secondary marketing software firm, reported today a drop of 17.76% in mortgage lock volume over the prior month. Loan originations for October continued to dip as mortgage rates hovered around 8% and lack […] Read More
The Federal Reserve’s flurry of interest rate hikes since March 2022 have taken a toll on home buyers, pushing the typical mortgage rate above 8%, a level not seen since 2000. On Wednesday, the Federal Reserve is set to make another interest rate decision that could impact the home loan market. […] Read More
By Kate Wood | NerdWallet Interest rates on 30-year fixed-rate mortgages have hit yet another high, with lenders offering loans above 8% for the first time since 2000. Mortgage rates have gone up rapidly this year, rising two full percentage points from lows near 6% back in February. That’s been […] Read More
Can falling mortgage rates – whenever that happens – revive homebuying in Los Angeles County? Just how slow is the market? Well, consider that in the 12 months ending in August, just 65,140 Los Angeles County homes were sold, according to CoreLogic data. That’s 37% below the homebuying pace of two […] Read More
SAN DIEGO, Calif. /California Newswire/ — The Mortgage Collaborative (TMC), the nation’s largest independent cooperative network serving the mortgage industry, today announced its 2024 Board of Directors and Advisory Council. “I’m proud that we’ve assembled a remarkably talented and diverse Board at TMC – industry veterans and thought leaders all,” […] Read More
Welcome to our glorious SoCal fall! As days shorten, leaves crunch underfoot, and temperatures cool – our commercial real estate market faces several headwinds. Hamas’ blatant attack on Israel, the ouster of our House speaker, and the 10-year bond yields at 20-year highs headline the obstacles. The first two – […] Read More
