Mortgage Industry News
A collection of Mortgage latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Doing this will add £7k to your house deposit, say mortgage experts
It's an age-old problem. You really want to get a deposit together for your first home, but with sky-high rents sapping your income, putting anything aside can seem impossible. Even if you can save something, it might seem like it'll take years…
The best mortgage interest rates today: July 26, 2024
Published 5:53 AM EDT, Fri July 26, 2024 Today's mortgage interest rates are rising. Here are the latest rates for popular home loans: 30-year fixed: 7.31% 15-year-fixed: 6.48% 30-year fixed jumbo: 7.30% Generally, home loan interest rates are…
3 ways mortgage interest rates could drop this August
Homebuyers who didn't take advantage of record-low mortgage interest rates in 2020 and 2021 have had to cope with exponentially higher rates ever since. Thanks to inflation and a concentrated effort by the Federal Reserve to tame it, the federal…
Today's Mortgage Rates July 26, 2024: 30-Year Rates Rise
The current average mortgage rate on a 30-year fixed-rate mortgage, the most popular home loan, is 6.85%, a 4 basis points jump from the previous week. Borrowers looking for a shorter payoff horizon with 15-year fixed mortgages face an average rate…
Current mortgage rates as of July 26, 2024
The current average interest rate for a fixed-rate, 30-year conforming mortgage loan in the United States is 6.774%, according to the most recent data available from mortgage technology and data company Optimal Blue. Read on to see average rates…
Mortgage Interest Rates Today, July 26, 2024 | Rates Steady After Falling Earlier This Month
Affiliate links for the products on this page are from partners that compensate us (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate mortgages to write unbiased product…
8 Ways To Refinance A Mortgage With Bad Credit | Bankrate
Even if you have bad credit, you might still be able to refinance your mortgage. Ways to refinance your mortgage with bad credit include asking your current lender about refinancing options and refinancing to an FHA or VA loan if you're eligible.
Blackstone Mortgage: 24% Dividend Cut, What Now? (NYSE:BXMT)
As I suspected months ago, Blackstone Mortgage Trust, Inc. (NYSE: BXMT) finally decided to cut its dividend amid continual problems in its loan portfolio. Blackstone Mortgage suffered a further decline in its performing loan percentage in the…
Mortgage rates barely budged this week as more listings flood the market
Mortgage rates this week have held steady for the most part. Rates for 30-year mortgages average 6.78% as of July 25, Freddie Mac reported. This is up only slightly from last week's 6.77%. Last year, rates were in a similar place, averaging 6.81%.
Knife-edge' decision will affect anyone with a mortgage
The Bank of England's next decision on interest rates sits on a 'knife-edge', experts have said, as borrowers wait to see if costs will be cut for the first time in a year. Economists are split over whether the Bank's policymakers will decide it is…
Mortgage-holders could save €80 a month with green deals, brokers say
Mortgage-holders could save almost €80 per month by switching to the best green deals on offer, according to brokers. It comes as PTSB confirmed that existing homeowners would be able to avail of green fixed rates of as low as 3.5 per cent…
NatWest to buy Metro Bank mortgage portfolio after 16% profit fall
NatWest's first-half pretax operating profit fell by a less than expected 16% to 3 billion pounds ($3.86 billion), it said on Friday. Margins were hit by mortgage market competition and savers shifting deposits to higher-paying products, the lender…
AG Mortgage Investment started at Overweight as Piper sees 'substantial' earnings growth
AG Mortgage Investment Trust (NYSE: MITT) stock gained 3.5% in Friday morning trading after Piper Sandler started coverage of the mortgage REIT with an Overweight rating on the basis that it's poised to see 'substantial' earnings growth throughout…
How WOWA Helps Homeowners Survive High Mortgage Costs in Canada
According to the latest report from Canada's seven largest lenders (Big Six Banks and Desjardins), the rate of monthly mortgage renewals is expected to increase steadily, rising from 1.3% of all mortgages to nearly 2% by mid-2025. This means around…
Today's mortgage rates remain unchanged for 15- and 30-year terms | July 26, 2024
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as 'Credible' below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders, all opinions are…
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