The increase in purchase activity offset a decrease in refinancings. 

The updated underwriting guidelines have caused consternation among many in the housing industry. 

Texas is the 32nd state to join Knock’s Bridge Loan program.

The uptick was driven by a slight dip in mortgage rates. 

The increase was driven by refinancing activity as purchase applications dipped. 

Guedez, an agent with DHI mortgage, handled 378 transactions last year with a volume of nearly $118.7 million.

The Spanish-language lender primarily serves Hispanic families, a demographic traditionally underrepresented in the homebuying market.

The rate passed the important psychological boundary just as the spring buying season is set to begin, Freddie Mac said. 

The Fed said that while economic activity has been expanding at a solid pace, job growth has remained low, and inflation is “somewhat elevated.”  

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The move was expected, but came amid increasing dissention among Fed officials, who voted for the cut by the sharpest division in six years.

As part of the relaunch, Rate announced the results of a study it conducted, which found almost seven in 10 homebuyers said homeownership keeps them up at night. 

Both Aiken and Corbett previously served as executive vice presidents, with Aiken joining the company in 2004 and Corbett joining in 2017.

Fannie Mae also reduced its forecasts for home sales in 2025 and 2026. 

Rate has launched the first fully integrated Spanish-language mobile app from a U.S. mortgage lender. 

The move was widely anticipated and is expected to be followed by additional cuts this year.