What's New in Mortly: June 2026
Round two: your fee sheet gets a brand-new Statement look with your headshot as a seal, Mortly now installs to your phone's home screen, plus a handful of precision touches.
Stay informed at Mortly's blog, offering valuable insights into market trends, strategies, and tips to help loan officers excel in the industry.
Round two: your fee sheet gets a brand-new Statement look with your headshot as a seal, Mortly now installs to your phone's home screen, plus a handful of precision touches.
Kicking off our monthly roundup: redesigned fee sheets are now live for everyone, your task list now splits into Today and Upcoming, plus a few quality-of-life touches.
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Last week witnessed a rollercoaster in the mortgage markets, thanks to some key economic data and a Federal Reserve (Fed) meeting.
The Fed's next meeting is tomorrow, June 14, and the big question is whether it will continue raising interest rates.
President Biden has signed a bipartisan bill suspending the U.S. debt ceiling until 2025 and introducing various fiscal measures, while his student loan forgiveness plan awaits a Supreme Court ruling.
As investors' concerns about banking issues and debt ceiling negotiations ease, they are moving away from safer assets like bonds, resulting in negative impacts on mortgage rates and pushing these rates to their highest levels since early March.
Investors hopped around financial instruments last week like caffeinated squirrels causing market volatility, while mortgage rates climbed Mount Everest. Meanwhile, the US government debates whether to ignore it's next credit card payment.
This week, inflation hit its mark causing little stir in mortgage rates. Despite the Consumer Price Index dipping to its lowest since April 2021, housing costs, used car and gas prices showed a sturdy climb.
Last week saw significant economic news causing mortgage market volatility, but mortgage rates remained surprisingly steady.
Last week's economic reports showed steady inflation, with core PCE at 4.6% YoY, and first-quarter GDP growth at 1.1%. New home sales in March increased by 10%, while First Republic Bank collapsed.
Stagnant economy, falling home sales, and "trigger leads" controversy precede upcoming Fed decisions.
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