Mortgage Industry News
A collection of Mortgage latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Strategies for Landing a Sub-6% Mortgage
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US New-Home Sales Unexpectedly Fall as Mortgage Rates Stay High
Sales of new homes in the US fell again in May to the lowest level since the start of the year as heavy discounts failed to offset high mortgage rates. Purchases of new single-family homes decreased by 7.3% to an annual rate of 580,000 last month…
Mortgage and refinance interest rates today, Wednesday, June 24, 2026: Rates are rising today
According to the Zillow lender marketplace, compared to yesterday, the 30-year fixed-rate purchase loan rose 8 basis points to 6.43%, the 15-year fixed purchase loan rose 2 basis points to 5.88%, and the 5/1 ARM purchase rate rose 7 basis points to…
Mortgage Rates Today, June 24, 2026: 30-Year Rates Fall to 6.58%
Mortgage rates are down from yesterday and remain under 7%. Today's national average on a 30-year fixed-rate mortgage is 6.58%, according to Bankrate. If you choose a 15-year fixed-rate mortgage, the average rate is 5.97%. Mortgage rates have held…
Mortgage renewal wave puts Canadian household affordability under pressure: MPC
New consumer research finds many borrowers have limited room to absorb higher payments, while first-time buyers and newcomers face sharper financial pressure. TORONTO, June 24, 2026 /CNW/ - Canada's coming mortgage renewal wave is emerging as a…
Comptroller warns Israel's mortgage market at high risk
The exposure of mortgage borrowers and financial institutions in Israel to a crisis similar to the subprime crisis in the US of 2008 has risen considerably in the past decade, but the Banking Supervision Department in the Bank of Israel has not…
Mortgage Rates Today: 30-Year 6.51% - Jun 24, 2026
Source: Bankrate (780 FICO, single-family, primary residence) Mortgage rates today pushed the 30-year fixed to 6.51%, up 6 basis points from yesterday's 6.45% and extending a multi-day climb. The 15-year fixed sits at 5.80% and the 5/1 ARM at…
Situations Where a 15-Year Mortgage Makes Sense
The large majority of homebuyers opt for a standard 30-year mortgage and never even consider a 15-year loan. But in some cases, the latter loan term is the best choice. It can be a powerful financial strategy under the right circumstances. These…
Brutal news for Aussies with a mortgage as inflation figures arrive
Latest inflation figures released on Wednesday Trimmed mean rose by 0.2 per cent READ MORE: Bold push to make salaries TAX FREE for workers on $45,000 in one industry Aussies with a mortgage have been dealt a brutal blow amid warnings the Reserve…
Mortgage rates tick higher as traders price in a Fed hike
Mortgage rates are moving higher as 2026 nears its midway point. And sentiment has shifted when it comes to rate expectations as more housing market observers are predicting at least one rate hike this year — a stark contrast to the start of…
Toronto real estate market shifts gears as summer arrives
Please log in to bookmark this story. Create Free Account A burst of buyer enthusiasm in the final weeks of the Toronto spring real estate market appears to be fizzling as many people shift into summer mode. Meanwhile, some sellers who put their…
Why mortgage rates are staying high despite lower oil prices
Many people in the housing industry are wondering why mortgage rates haven't fallen even as oil prices have dropped from $111 per barrel to less than $73 today. The 10-year Treasury yield is at 4.48% and mortgage rates are near their yearly highs.
Mortgage Society expands pilot of new system to more brokers and products
The pilot, launched last month, is focused on using MQube's Origo platform to simplify and speed up its whole mortgage journey. Initial participants included L&C Mortgages, Elite Independent Mortgages, and MPI. The extended group now includes Lima…
HUD rolls out 14 FHA single-family mortgage changes
The U.S. Department of Housing and Urban Development (HUD) is rolling out 14 changes to the Federal Housing Administration (FHA)'s single-family mortgage insurance program, including less stringent appraisal rules, expanded flexibility for the…
Three quarters of renters feel 'locked out' of the property ladder
A third of renters are saving £100 a month or less and face a 35-year slog to get on the property ladder – with the goalposts moving if house prices climb. Nearly half of renters say the high rents they pay are making it difficult to…
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