Mortgage rates are stuck near 6.5%. A new housing law may make buying easier – eventually CNN
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Single-family housing starts in the United States fell by 6.9% in 2025, totaling 939,182 units as the industry struggled with persistent economic headwinds. This decline, reported by the National Association of Home Builders (NAHB), reflects the impact of high mortgage rates and elevated construction costs on new inventory levels. For the residential mortgage sector, these regional variations in construction activity signal shifting opportunities for loan originations and highlight the ongoing challenge of housing supply shortages.
July 11, 2026Mortgage rates have entered a period of relative stability, with the 30-year fixed-rate average reaching 6.49% as of July 9, 2026. Despite a series of rate cuts by the Federal Reserve in 2025, the central bank has remained on hold throughout 2026 under new Chairman Kevin Warsh, leading to a holding pattern for both buyers and sellers. This trend is significant for the residential mortgage sector as Fannie Mae forecasts rates will remain between 6.3% and 6.4% through 2027, suggesting that affordability challenges linked to high home prices and limited inventory will persist.
July 11, 2026Utah-based Security Home Mortgage and its parent company, Capital Community Bank, will unify their operations under the new brand name Accordia starting August 17. The transition to Accordia Mortgage and Accordia Bank is designed to simplify the customer experience and reflect the organization's growth following the bank's acquisition of the mortgage firm in 2024. This move underscores a continuing trend of brand consolidation within the residential lending space as companies seek to present a more cohesive corporate identity.
July 10, 2026KBRA has assigned preliminary ratings to 10 classes of mortgage-backed notes from the $480.2 million New Residential Mortgage Loan Trust 2026-NQM8 (NRMLT 2026-NQM8). Sponsored by Rithm Capital Corp., the transaction is collateralized by a pool of non-prime residential mortgages primarily originated and serviced by NewRez LLC. This issuance highlights ongoing activity in the non-qualified mortgage securitization market, providing liquidity for lenders and investment opportunities for mortgage-backed security participants.
July 10, 2026