Housing market faces headwinds as mortgage rates move above 7%

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RFA’s mortgage originations rose 35% year over year to $3.5 billion in the first half of 2026, including approximately $2.1 billion in the second quarter. The company reported quarterly revenue of $94.9 million, up 60.6% from $59.1 million a year earlier. Net income reached $7.2 million, compared with a $23.5-million loss, while adjusted net income…

Mortgage Strategy talks to  Suzanne O’Connor, chief relationship officer at LMS, Q: You’ve spent 15 years working with lenders through some of the biggest changes the mortgage market has experienced. Looking back, what stands out most? Suzanne O’Connor: When I joined LMS, we worked with just five lenders. Today we work with more than 50,…

In a financial emergency, knowing that money exists is not always enough. What matters is knowing where it is, who can access it and which documents are needed to establish ownership.   A bank account may sit with one institution, mutual funds on another platform, an insurance policy in an old file and loan papers…

Some 34% of people who want to move into their next home say they feel stuck in their current property because it is too expensive, a bank’s research found. The Barclays Property Insights data showed that recent first-time buyers were already factoring in the potential cost of moving, with 41% saying they would try…

Life insurers posted one of their fastest new business premium (NBP) growth rates for the financial year in August, with a 33.07 per cent year-on-year (YoY) increase to Rs 41,197.78 crore, improving from 20 per cent growth in July, driven by robust premium mobilisation by both state-owned Life Insurance Corporation of India (LIC) and private…