Mortgage spreads In 2023, when mortgage rates reached 8%, the year was hampered by mortgage spreads hitting new cycle highs. Initially, mortgage spreads showed signs of improvement early in the year. However, the Silicon Valley banking crisis caused a spike in spreads and the situation remained challenging throughout the year. In 2024, the spreads began
As the housing market continues to evolve in the shadow of persistent inflation and shifting buyer behavior, this week’s economic data provides important clues for both policymakers and home shoppers. Markets are closely watching the Federal Reserve for signals of a policy shift, but this week’s consumer price index report reinforced expectations that a rate
Mortgage application activity dropped sharply last week as rates moved higher, according to the Mortgage Bankers Association’s (MBA) latest survey. The Composite Index fell 10.0% on a seasonally adjusted basis for the week ending July 11, reversing much of the prior week’s gain. “Mortgage rates rose last week following higher Treasury yields, which weighed on
Mortgage rates this week for a 30-year fixed loan increased to 6.75%, up from 6.72% last week. So what impact does this have on your monthly mortgage payment? And what does this mean for homebuyers? Here’s the monthly cost of purchasing a typical home today, according to the Realtor.com® mortgage calculator. Monthly mortgage payment today with a
Adam Schiff (Image: https://www.adamschiff.com/) US President Donald Trump on Tuesday accused Democratic Senator Adam Schiff of mortgage fraud alleging that he misrepresented his primary residence to secure more favourable loan terms.In a post on Truth Social, Trump said that the Federal National Mortgage Association’s (Fannie Mae) financial crime unit uncovered a “sustained pattern of possible
As of Friday, mortgage rates remain steady, with 30-year fixed loans averaging 6.625% and 15-year fixed loans at 5.75%, according to Zillow Home Loans. With affordability concerns rising and homebuilder sentiment still low, today’s mortgage rates reflect ongoing pressure from elevated interest rates and economic uncertainty. Despite marginal rate fluctuations, consumers continue to face challenges
Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET Every time the average 30-year fixed mortgage rate dips, even by a few tenths of a percentage point, prospective homebuyers jump to take advantage. As soon as rates move up again, mortgage activity goes down. The past
Mortgage rates remain elevated as of July 17, 2025, with the 30-year fixed mortgage holding at 6.625%, according to data from Zillow. As homebuyers weigh the cost of financing, today’s rates continue to reflect broader economic uncertainty and Federal Reserve caution. Current average mortgage rates Here’s a snapshot of today’s mortgage rates across common loan
For the vast majority of homeowners, there’s currently little financial incentive to refinance their mortgages. So far in 2025, average mortgage rates have remained elevated, consistently hovering between 6.5% and 7% due to ongoing economic uncertainty. “If rates fall below 6%, we could see a big jump in refinance activity,” said Jeb Smith, licensed real
Senate lawmakers finalized plans Wednesday for a new home loan safety net program designed to prevent veterans from facing foreclosure, replacing a similar but controversial effort canceled by Veterans Affairs officials earlier this year. The bill, known as the VA Home Loan Program Reform Act, had previously passed the House and now awaits President Donald