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
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
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
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)
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
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
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
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
Couple managed to pay off their massive mortgage in less than a decade after discovering how much they would pay in interest over 25 years It is possible to pay off your mortgage in under 10 years according to one couple(Image: undefined via Getty Images) Many Brits are now sidestepping the exorbitant interest payments charged
Sherman Associates has secured a $49.5 million bridge loan to refinance a newly-built multifamily community in Minneapolis, Commercial Observer has learned. Dwight Mortgage Trust (DMT) supplied the loan for the Minneapolis developer’s Moment Apartments project that opened in late 2023. Loan proceeds will be used to retire existing debt, fund reserves and cover transaction-related costs,