January 3, 2025
President-elect Donald Trump is set to make some big moves when he takes office on Jan. 20. Reportedly, Trump plans to privatize two of the largest government-owned mortgage companies, Fannie Mae and Freddie Mac. This risky step was emphasized by… Continue Reading…
Keefe, Bruyette & Woods is more bullish on the mortgage market for 2025 than other industry prognosticators, although it also notes total volume will remain below industry norms. Any production activity recovery will be further delayed past this year because… Continue Reading…
Today’s mortgage rates So far, it’s “new year, new me” for mortgage rates as most loan types decreased for the second straight day. It’s welcomed news for borrowers since rates ended 2024 on the upswing. Though today’s market data more… Continue Reading…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. -In its lawsuit against Better Home & Finance, Luminate Home Loans filed last week to request a temporary restraining… Continue Reading…
Buyers Go Quietly Into Year-End: Mortgage Demand Falls After Rates Tick Higher Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Mortgage applications declined 0.7% last week – the first drop in… Continue Reading…
What a difference a year makes. Toward the end of 2023, mortgage rates fell nearly 150 basis points to ring in the New Year. Meanwhile, mortgage rates jumped about 100 basis points to close out 2024. Ouch! In other words,… Continue Reading…
“The simplest way to present this program is actually the purchase,” he said. “I think we’ve missed that over the years. And in fact, those of us in the reverse business, including myself, miscategorize the reverse for purchase as something… Continue Reading…
Housing affordability hasn’t gotten better in 2025. Record-high home prices and near-7% mortgage rates are making it difficult for prospective buyers everywhere. Even a 1% difference in your mortgage rate can save you hundreds of dollars each month and tens… Continue Reading…
The states with the cheapest 30-year new purchase mortgage rates Thursday were New York, California, Florida, Washington, Kentucky, Tennessee, and Texas. Those seven states registered averages between 6.78% and 6.91%. Meanwhile, the states with the highest averages on Thursday were… Continue Reading…
National Averages of Lenders’ Best Rates – New Purchase Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.94% -0.02 FHA 30-Year Fixed 6.28% No Change VA 30-Year Fixed 6.48% -0.02 20-Year Fixed 6.88% +0.02 15-Year Fixed 6.15% -0.06 FHA… Continue Reading…