"May 5, 2026" Archives

Archive page

‘Lock it in!’: Mortgage rates climb to 6.5% amid global volatility

Mortgage rates have returned to the 6.5% level as financial markets shift their focus from economic data to escalating geopolitical events.  “If you’ve got a deal, lock it in; there’s room for mortgage rates to continue to climb higher,” Nash Paradise, director of sales at UMortgage, advised loan officers. “Brokers have flexibility that a traditional…

Marty Preston moves to Rate to run profit and loss platform

Former Benchmark retail president Marty Preston has joined Rate’s profit and loss platform after evaluating more than 20 lenders, the company announced on Tuesday. Preston moves to Rate from Benchmark, where he most recently served as president of retail and division president. At Benchmark, he grew his production team from about $200 million to more…

Rocket Pro extends 100 bps broker credit into May

Rocket Pro is extending a key pricing incentive for mortgage brokers through May while also expanding its non-QM product offerings, moves aimed at helping brokers close more loans in a challenging housing market. The moves are part of the February 2026 promise the Detroit-based company made to its business partners: a “Power Play” announcement on…

1 2 3 4 5 6 7