The average rate on a 30-year U.S. mortgage fell modestly for the second straight week, but home borrowing costs remain elevated. The long-term rate inched back to 6.84% from 6.85% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%. Mortgage rates are influenced by several factors, from the Federal
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.91% -0.05 FHA 30-Year Fixed 7.03% -0.07 VA 30-Year Fixed 6.61% -0.03 20-Year Fixed 6.69% -0.10 15-Year Fixed 5.98% -0.03 FHA 15-Year Fixed 6.87% -0.29 10-Year Fixed 6.01% +0.05 7/6 ARM 7.27% +0.01 5/6 ARM 7.15% No Change Jumbo 30-Year Fixed 6.90% -0.04 Jumbo 15-Year Fixed
ROCHESTER, N.Y. – The U.S. inflation report for May came out Wednesday and it showed inflation mostly holding steady. Prices actually fell in some categories that are expected to be impacted by tariffs. While economists exhale each month, there isn’t a spike in inflation, they’re not breathing easily just ye. That’s because it usually takes
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.96% -0.04 FHA 30-Year Fixed 7.10% -0.05 VA 30-Year Fixed 6.64% -0.05 20-Year Fixed 6.79% -0.10 15-Year Fixed 6.01% -0.04 FHA 15-Year Fixed 7.16% -0.29 10-Year Fixed 5.96% No Change 7/6 ARM 7.26% -0.13 5/6 ARM 7.15% -0.15 Jumbo 30-Year Fixed 6.94% -0.05 Jumbo 15-Year Fixed
Jacobson and Sturges worked together at Waterfield Mortgage “decades ago and have remained industry acquaintances ever since,” Jacobson said in a statement. The acquisition brings a smaller but regionally focused team into Fairway’s fold. Hallmark had 45 sponsored loan officers and 19 active branches as of Wednesday, per Nationwide Multistate Licensing System (NMLS) data. Fairway,
After a calm start to the week on Monday and Tuesday, we were likely to see a bit more volatility on Wednesday due to important events on the calendar. The first was the morning’s release of the Consumer Price Index (CPI), a key inflation report. Inflation is one of the most basic inputs for the
Homebuyers and those looking to refinance received more welcome news Wednesday as mortgage rates continued their downward trend. The national average for a 30-year fixed mortgage, the most popular home loan in the U.S., fell to 6.93%, offering a potential window of opportunity for borrowers to lock in lower monthly payments. This latest dip, reported
Barclays has announced rate increases averaging 0.2% across its fixed mortgage range starting today, with similar increases launched by HSBC. The move comes after NatWest’s latest decision to cut rates, with up to 0.23% off selected fixed deals from June 11. Mortgage brokers warn that the influx of deals with interest rates below 4% may
Private, independent mortgage lender Nationwide Mortgage Bankers Inc. (NMB) has hired Chris Allen as chief culture officer. Allen previously served as chief talent officer at Movement Mortgage, where he helped grow the company to more than 4,000 employees, and now brings his experience in organizational health and recruiting to NMB. “NMB is committed to a
Loan Type New Purchase Rates Daily Change 30-Year Fixed 7.00% -0.02 FHA 30-Year Fixed 7.15% +0.02 VA 30-Year Fixed 6.69% +0.02 20-Year Fixed 6.89% +0.01 15-Year Fixed 6.05% -0.03 FHA 15-Year Fixed 7.45% +0.05 10-Year Fixed 5.96% -0.16 7/6 ARM 7.39% No Change 5/6 ARM 7.30% -0.06 Jumbo 30-Year Fixed 6.99% +0.02 Jumbo 15-Year Fixed