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“Opportunities multiply as they are seized.”
— Sun Tzu, The Art of War
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🤖 AI & Technology
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🏦 Mortgage & Fintech
10
6.49%
30-YR FIXED
5.84%
15-YR FIXED
4.38%
10-YR TREASURY
Rates as of 6/25/2026
DAILY BRIEFING: Mortgage & Fintech
New home sales hit multi-year lows in May as elevated rates and affordability pressures continued crushing buyer demand, though mortgage applications edged up 1.0% last week suggesting some stabilization. Congress is advancing VA loan fee hikes that drew industry pushback, while homebuilders face renewed questions about optimal scale post-Iran conflict, with Taylor Morrison among firms reassessing strategy. A Florida class action against Compass targets $475 closing fees charged since June 2022, and New York AG charged a Queens resident with deed theft affecting a 92-year-old homeowner with dementia—highlighting persistent elder fraud vulnerabilities. Mortgage spreads improved in 2026 keeping rates below 7%, but servicing portfolios are emerging as strategic assets only if paired with superior customer experience.