Mortgage Industry News
A collection of Mortgage latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Average US rate on a 30-year mortgage edges higher, ending a seven-week slide
The average rate on a 30-year mortgage in the U.S. edged higher this week, ending a seven-week slide that helped ease borrowing costs for home shoppers leading into the spring homebuying season. The rate averaged 6.65% this week, up from 6.63% last…
Mortgage Rates in US Increase for First Time in Eight Weeks
Mortgage rates in the US rose for the first time since the middle of January, keeping borrowing costs high for buyers trying to break into the market. The average for 30-year loans was 6.65%, up from 6.63% last week, Freddie Mac said in a statement…
How a reverse mortgage affects generational wealth
If you're a homeowner over age 62, you may be sitting on your biggest financial asset while struggling to pay your bills. With inflation squeezing those with fixed incomes and retirement savings falling short, many wonder how to tap into their…
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Today's Mortgage Rates by State - Mar. 13, 2025
The states with the cheapest 30-year new purchase mortgage rates Wednesday were Washington, Idaho, Kentucky, Mississippi, North Carolina, New Jersey, New York, and Pennsylvania. The eight states registered averages between 6.62% and 6.63%.
loanDepot: The Mortgage Market May Not 'Inevitably Recover' (NYSE:LDI)
Harrison Schwartz 16.22K Followers loanDepot faces significant challenges due to high mortgage rates, low home sales, and reputational damage from a cybersecurity breach. Q4 earnings were disappointing, with a GAAP EPS loss of -$0.17 and revenue of…
30-year vs. 15-year mortgage loans: Which is better during inflation?
While the inflation dropped slightly in February, it has been ticking back up overall over the last few months, and it's changing how smart homebuyers approach their mortgages. If you're in the market for a home this year, you may wonder: Is a…
Average US rate on a 30-year mortgage edges higher, ending a seven-week slide
FILE – A sale sign stands outside a home on Thursday, Oct. 17, 2024, in the east Washington Park neighborhood of Denver. (AP Photo/David Zalubowski, File) By ALEX VEIGA, Associated Press Business Writer The average rate on a 30-year mortgage…
Is the inflation drop good news for mortgage rates?
Wednesday's inflation report from the Bureau of Labor Statistics (BLS) revealed that inflation decreased in February to 2.8% from 3.0% the month prior. This shift in inflation broke a four-month streak of inflation increases, offering some hope…
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Mortgage Rates Are Bobbing in a Range Above Recent 4-Month Low - Mar. 13, 2025
After notching a 2025 low early last week, 30-year mortgage rates have been inching higher in a mild yo-yo pattern. The flagship average ticked up to 6.66% Wednesday, while rates moved higher for most other mortgage types as well. National Averages…
Mortgage demand climbs as rates drop
Good news for home buyers: mortgage rates are dropping. Within the past week, mortgage rates dropped to their lowest level since October of last year. Right now, the average mortgage rate for a 30-year fixed conforming loan, which is anything under…
Mortgage rates 'essentially flat' from last week despite market volatility (XLRE:NYSEARCA)
Mortgage rates remained “essentially flat” this week despite the volatility in the markets, according to the latest Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages averaged 6.65% as of March 13, marginally higher…
Homeowners given one-week warning of major mortgage change
The Bank of England may announce a major change next week Next week, some homeowners may witness a change in their mortgage payments. On Thursday, March 20, the Bank of England (BoE) will assess the UK's base rate and determine whether it should…
Homeowners could be hit by major mortgage change next week
Some homeowners may soon see their mortgage payments change next week. On Thursday, March 20, the Bank of England (BoE) will review the UK's base rate and decide whether it should go up, down, or stay the same. Factors that could affect the…
Home Loan Security Explained: What is Collateral on a Mortgage?
The words 'security' and 'safety' often go hand in hand. After all, security protects us from harm or loss. When it comes to home loans, lenders also seek security - typically in the form of the property itself, which serves as collateral for the…
There's an upside for the housing market in all this economic uncertainty - for now
Despite daily fluctuations, the trend on 30-year fixed mortgage interest rates has been slowly falling through the first three months of this year. Experts say the falling rate could thaw the largely frozen housing market by enticing buyers off the…
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