Mortgage prepayments hit 3.5-year high as borrowers rush to refinance
Mortgage prepayments climbed to their highest level in three and a half years in October as lower interest rates prompted more borrowers to refinance, according to ICE Mortgage Technology’s First Look report. The single-month mortality rate, which measures prepayments, rose to 1.01%, up 16 basis poi
FHFA raises 2026 conforming loan limit to $832,750
The baseline conforming loan limit is set to increase by 3.25% in 2026, with Fannie Mae and Freddie Mac now authorized to purchase mortgages up to $832,750 for one-unit properties in most parts of the country, according to the Federal Housing Finance Agency (FHFA). The new limit, aligned with home-p
Total pending home sales reach multiyear high with mortgage rates near 6%
The housing market experienced a slightly positive shift mid-June and is ending 2025 on even more positive news. Existing home sales have shown four consecutive months of year-over-year growth and our total pending home sales data has just reached a multiyear high for this calendar week. By tracking
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