Mortgages

Ark Invest, a leading investment management firm led by Cathie Wood, has highlighted a pivotal development set to bridge the world of blockchain-based capital with the substantial U.S. mortgage market. What Happened: According to Nick Grous, an associate portfolio manager at Ark Invest, the recent...

In a landmark decision, Federal Housing Finance Agency Director William Pulte announced plans to consider cryptocurrency as a mortgage asset on Wednesday, aligning with President Donald Trump’s vision of making the U.S. a global crypto hub. What Happened: Pulte took to X, directing federally...

Federal National Mortgage Association (OTCQB:FNMA), aka Fannie Mae, shares were trading up 2.09% to $10.77 Wednesday afternoon following an announcement and a statement from President Donald Trump. What to Know: Shares gained Wednesday after Trump said he was working on taking the housing giants (...

Best known for shorting stocks like GameStop, Citron Research's Andrew Left also shares long calls on stocks that are undervalued by Wall Street. Citron shared its latest stock pick Tuesday, a company it believes is misunderstood by investors. What Happened: Citron said Tuesday it is "pounding the...

Home sales fell sharply in March and weekly mortgage applications plunged as high interest rates and economic uncertainty stifled demand as the spring home-buying season got underway.  The Details: Sales of previously owned homes in March fell 5.9% from February to 4.02 million units on a...

Mortgage rates spiked to their highest level in nearly two months, with the average 30-year fixed climbing to 7.1% on Friday, according to Mortgage News Daily. The sharp increase — 13 basis points in a single day — wrapped up one of the most turbulent weeks for bonds in decades. What To Know: The...

President Donald Trump's newly appointed director of the Federal Housing Finance Agency Bill Pulte on Thursday fired the CEO of mortgage giant Freddie Mac (OTC:FMCC) and placed two senior FHFA officials on administrative leave.  The Details: Pulte fired Freddie Mac CEO Diana Reid and placed...

Mortgage rates are rising again — and that’s bad news for homebuyers and refinancers. But, it may be an exciting opportunity to make money for investors looking at mortgage-backed securities (MBS) ETFs. With the most recent figures indicating a big decline in mortgage applications, the...

Rocket Companies Inc. (NYSE:RKT) announced on Monday it will acquire Redfin Corp. (NASDAQ:RDFN) in a $1.75 billion deal to bring homebuyers an end-to-end, online real estate solution from browsing listings to securing a mortgage.  The combined company aims to create a real estate and lending...

Wall Street is digesting a slew of economic data Thursday following updates on pending home sales, jobless claims and fourth quarter GDP estimates. Here's a look at the data and how the markets are reacting.  GDP: The second estimate released Thursday by the U.S. Bureau of Economic Analysis revised...

Mortgage rates last week reached their highest levels since July 2024 with the average 30-year fixed mortgage rate staying above 7%, according to Bankrate. Experts see rates remaining elevated through the first six months of 2025.  The Details: Mortgage rates have climbed higher following...

The new year brought little cheer for prospective U.S. homebuyers, as mortgage rates surged to their highest level in six months. The average interest rate on 30-year fixed-rate mortgages with conforming loan balances of $766,550 or less climbed to 6.97% in the week ending Dec. 27, 2024, up from 6...

Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) shares soared on Monday afternoon after billionaire investor Bill Ackman touted the stocks on social media.  The Details: Ackman, CEO of Pershing Square hedge fund, recommended the stocks as an investment with "large asymmetric upside versus downside...

Rocket Companies, Inc. (NYSE:RKT) reported its third-quarter results after Tuesday's closing bell. Here's a look at the key figures from the quarter.  The Details: Rocket Companies reported quarterly earnings of eight cents per share, which met the analyst consensus estimate. Quarterly revenue of $...

The S&P 500 and Dow Jones Industrial Average both achieved record highs this week. A strong kickoff to the third-quarter earnings season fueled both indexes, offsetting concerns from last month's unexpected inflation surge. JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co. (NYSE:WFC),...