11/17/2023 0 Comments Download rocket mortgage rates today![]() ![]() Next to report earnings are Rocket Mortgage ( RKT) on Thursday, United Wholesale Mortgage ( UWMC) on Friday, and loanDepot ( LDI) and Home Point Capital ( HMPT) next week. Cooper ( COOP) logged a 26.6% drop in originations in the third quarter from the previous one. Overall, mortgage activity is at its lowest point since before the turn of the millennium in 1997.įor mortgage lenders - especially nonbank ones that don’t have many non-mortgage revenue sources - this is a big problem. It’s largely the non-existent refinance market - down around 85% from last year - as nearly no homeowner wants to sacrifice their 3% mortgage rate they secured in the last two years. Just look at last week’s stats on new home sales and pending ones and you immediately see the ramifications of 7% mortgage rates on housing activity.īut it’s not just skittish homebuyers who are smothering mortgage lenders. ![]() It’s no secret the mortgage market is getting hammered. ![]()
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