A consistent theme emerged from the first-quarter 2026 earnings season: higher mortgage rates and macroeconomic volatility are dampening second-quarter expectations. Several large lenders remained profitable during the quarter, benefiting from mortgage rates that were roughly 50 basis points lower than current levels while they continued to invest heavily in artificial intelligence and other technology. But…
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With headline Inflation at 3.8% today, jobs data beating estimates and the ongoing Iranian conflict — rates would be above 7% today if not for improved mortgage spreads. Unlike 2023, 2024 and 2025, when mortgage spreads were elevated versus historical norms, mortgage rates are still under 6.64%. I often use the term “hug a mortgage…
When Ben Schachter, the president and broker of Boca Raton, Fla.-based The Signature Real Estate Companies, heard about the Spirit Airlines shutdown, he knew he had to do something to help those in the community impacted by the closure. “We do business with people from all over the state, and we’ve worked with dozens of…
Economic conditions continue to keep the costs of a home loan higher, with the war in Iran, inflationary concerns and a slow but stabilizing job market serving as the key headwinds to a potential spring housing market surge. Mortgage rates moved higher for a second straight week, according to HousingWire’s Mortgage Rates Center. Rates for…