May 23, 2025

Mortgage

Mortgage

High mortgage rates lead to tough choices for home buyers

Mortgage rates continued to increase across the United States, with experts attributing the rise to more real estate inventory. But on Long Island, inventory remains low and continues to put buyers in a financial bind.  The average 30-year fixed mortgage rate rose to 6.86% nationally as of Thursday, mortgage giant Freddie Mac’s weekly Primary Mortgage Market Survey

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Mortgage

Mortgage rates today rise: 30-year hits 7.14%

The national average 30-year fixed mortgage rate rose to 7.14% on May 22, 2025, according to data from Zillow. That’s an increase of 13 basis points from last week’s average of 7.01%, continuing an upward trend in borrowing costs that began earlier this spring. Latest mortgage rates as of May 22, 2025 Here’s how today’s

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Mortgage

Trump Giving ‘Very Serious Consideration’ to Major Mortgage Companies Move

President Donald Trump said on Wednesday that he is giving “very serious consideration” to taking mortgage giants Fannie Mae and Freddie Mac public, more than 15 years after they were taken under government control to stabilize the U.S. economy in the wake of the 2008 housing market collapse. “I am giving very serious consideration to

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Mortgage

Whether It Passes or Not, Trump’s Tax Bill Is Already Impacting Mortgage Rates

Key Takeaways Just the prospect that President Donald Trump’s tax bill could pass pushed bond yields higher today. When bond yields rise, especially that of 10-year Treasurys, mortgage rates typically climb as well. The 10-year Treasury yield jumped 11 basis points today, and in turn, rate quotes for 30-year mortgages were up 5 basis points

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Mortgage

Mortgage rates will go below 6% in 2026: Fannie Mae

Fannie Mae now forecasts mortgage rates to slip back under 6% by the second quarter of 2026 as it elevated its gross domestic product outlook and modified its home sales projections. The origination forecast, while increased over both its March and April projections, other than for rates, remains more conservative than the Mortgage Bankers Association’s

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Mortgage

FHA share of mortgage applications continue to increase

On an unadjusted basis, the index decreased 5% compared with the previous week. The refinance index also decreased 5% from the previous week and was 27% higher than the same week one year ago. The refinance share of mortgage activity increased to 36.6% of total applications from 36.4% the previous week. The adjustable-rate mortgage (ARM)

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Mortgage

Rising Mortgage Rates Aren’t Turning Away These Homebuyers

Homebuyers in today’s market are facing a tough question: buy a house now, or wait until mortgage rates and prices maybe come down? If you buy now, you can start putting money into owning what, for most people, is their biggest asset, but you could be stuck paying a high monthly mortgage rate. On the

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Mortgage

Longbridge Financial Reverse Mortgage Review 2025

Founded in 2012, online lender Longbridge Financial is the third-largest provider of reverse mortgages in the U.S. As of February 2025, it’s approved more than $94 million in loans. Longbridge stands out for its lower rates and robust digital presence, which includes a reverse mortgage calculator and an easy-to-use servicing portal. Longbridge is a particularly

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Mortgage

JPMorgan’s Jamie Dimon criticizes mortgage lending rules at firm’s investor day

SMBC chief economist Joe LaVorgna discusses the politics behind Moody’s cutting America’s credit rating on ‘Making Money.’ JPMorgan Chase CEO Jamie Dimon on Monday criticized financial regulators for not easing rules that are raising costs for borrowers buying a home that he says are unnecessary. Dimon was speaking at JPMorgan Chase’s annual investor day, which

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Mortgage

30-year fixed dips to 7.03%

Mortgage rates edged slightly lower on Tuesday, May 20, 2025, with the average 30-year fixed rate now at 7.03%, according to Zillow. That’s a decrease of 2 basis points from the previous day, but still slightly above last week’s average of 7.01%. The national average for a 15-year fixed mortgage rose to 6.13%, while 5-year

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