Mortgage Industry News
A collection of Mortgage latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Mortgages Move Up for Homeseekers: Current Mortgage Rates for May 9, 2025
Check out CNET Money's weekly mortgage rate forecast for a more in-depth look at what's next for Fed rate cuts, labor data and inflation. It's been a bumpy few months for mortgage rates. Lingering inflation, the threat of a global trade war and…
Commerzbank CEO Sees Brighter Outlook for German Mortgage Market
Germany's mortgage market has bounced back from an unprecedented slump and could now be poised to benefit from government plans to ramp up spending, according to Commerzbank AG Chief Executive Officer Bettina Orlopp. After higher borrowing and…
Tracker mortgage holders could save nearly £350 a year following rate cut
Sign up for your inside guide to buying, renting and decorating in London from our award-winning experts I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The average homeowner on a tracker…
Mortgage rates today: How the Fed's May decision could shape the summer market
In its May meeting, the Federal Reserve kept interest rates steady for the third time this year. While many are hoping for a rate cut soon, new tariffs and inflation concerns may delay rate changes from the Fed. So what does that mean for current…
What's the difference between a bank, mortgage banker or mortgage broker?
The mortgage world includes four types of lenders: depositories, mortgage bankers, mortgage brokers and private money lenders. (iStockphoto/Getty Images) Shopping for a mortgage is complicated and time consuming. You have lots of choices when it…
Average rate on a US 30-year mortgage holds steady at 6.76%, not far from highest levels this year
The average rate on a 30-year mortgage in the U.S. held steady this week, not far from its highest levels this year, but below where it was a year ago. The rate stood at 6.76% for the second week in a row, mortgage buyer Freddie Mac said Thursday.
I turned a chicken coop into a two-bedroom Airbnb. It makes over $2,000 a month and covers my mortgage payment.
This as-told-to essay is based on conversations with Landon Wilkinson, an Airbnb host in Yakima, Washington, about two and a half hours southeast of Seattle. He and his wife have two rentals on the Washington property — a converted chicken…
What's next for mortgage rates and how low will rates go? Experts have their say
HOMEOWNERS and aspiring buyers may have breathed a sigh of relief after the Bank of England dropped interest rates yesterday. The base rate influences mortgage prices by reducing the overall cost of borrowing. The Bank of England 's Monetary Policy…
Refi Rates Ride High: Mortgage Refinance Rates on May 9, 2025
Average mortgage refinance rates have been volleying between 6.5% and 7% as fears of both higher inflation and an economic slowdown play tug-of-war with financial markets. Overall, rates are too high for most homeowners to save money from…
Bank of England cut fuels hope for cheaper mortgages
Homeowners could see mortgage rates tumble to below 3.5% by Christmas – but experts have warned borrowers not to be too hasty in locking in a fixed deal. It comes as the Bank of England trimmed its base rate by 0.25 percentage points to…
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30-Year Mortgage Rates Fall for a Second Day - May 8, 2025
After climbing for two days, 30-year mortgage rates have now dropped back for two days. Falling further below the 7% threshold, the Wednesday average was 6.91%. Rates moved lower for many other mortgage types as well. National Averages of Lenders'…
Average rate on a US 30-year mortgage holds steady at 6.76%, not far from highest levels this year
FILE – A “For Sale” sign is displayed in front of a home in Des Plaines, Ill., Monday, Aug. 26, 2024. (AP Photo/Nam Y. Huh, File) By ALEX VEIGA, AP Business Writer The average rate on a 30-year mortgage in the U.S. held steady…
Lenders Mortgage Insurance Explained
By any measure, achieving the Great Australian Dream of home ownership is getting more difficult, particularly for first-time buyers trying to save a 20% deposit. While there are myriad low deposit home loans on the market, they often require the…
Mortgage rates hold steady, Freddie Mac says
Mortgage rates remained flat this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage was unchanged from last…
Cash-strapped homebuyers lifeline with delayed mortgage - but experts have a warning
This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more First-time buyers might not realise what the first three months will still cost them Skipton Building Society has introduced a new…
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