January 13, 2025
After long delays, backlogged applications, and administrative headaches, a $350 million program to help Pennsylvania homeowners catch up on mortgage payments has now distributed almost all the money. But the legal dispute over who was to blame for those problems… Continue Reading…
By Lee Kyung-min The country’s top five commercial lenders are expected to lower discretionary premiums, a much-criticized means of defending their profit margins even when their borrowing costs dropped due to a Bank of Korea (BOK) key rate cut, market… Continue Reading…
January 12, 2025
Mortgage rates have been a hot topic in recent years, and 2025 is no exception. Let’s talk about something that’s probably on everyone’s mind right now: why are mortgage rates going up in 2025? The quick answer is that several factors… Continue Reading…
In today’s financial climate, understanding mortgage rates is crucial for anyone considering buying a home or refinancing an existing mortgage. As of January 12, 2025, the national average for a 30-year fixed mortgage is 6.78%, while the 15-year fixed rate sits at 6.07%. With… Continue Reading…
The week has been a rollercoaster ride for the U.S. economy. From a slowdown in private sector job growth to rising inflation concerns at the Federal Reserve, the economic landscape has been anything but predictable. Let’s dive into the top… Continue Reading…
Exciting AHL Matchup Between Laval Rocket and Cleveland Monsters In a closely contested game on January 11, 2025, the Cleveland Monsters faced off against the Laval Rocket at the Rocket Mortgage FieldHouse. Fans were treated to an electrifying night of… Continue Reading…
The average rate on a 30-year fixed mortgage has stayed above 7% for the past week, its highest level in six months. Soaring borrowing costs led to sharp drops in homebuying throughout 2024, and buyers still aren’t flooding the market.… Continue Reading…
Mortgage rates are continuing to rise. According to Zillow, the national average 30-year fixed mortgage rate has increased by six basis points to 6.78%, and today’s 15-year fixed interest rate is up three basis points to 6.07%. The economic outlook… Continue Reading…
Our weekly pending contract data is still positive year over year, but only by 1%, as demand growth has slowed amid higher mortgage rates. What does this mean for the spring housing market? Let’s take a look at the data… Continue Reading…
Photo byAuthor In the wake of devastating California wildfires, homeowners face a harsh reality that extends beyond the loss of their properties. According to Vara Law and a Philadelphia Fed working paper, Californians who have lost their homes to wildfires… Continue Reading…