Sen. Adam Schiff (D-CA) on Tuesday denied accusations from President Donald Trump that he engaged in “possible mortgage fraud,” calling the allegations an attempt at “political retribution.” Trump and Schiff have been at odds for years, with the Democratic senator having led a House impeachment of the president during his first term and establishing himself
As of Wednesday U.S. mortgage rates are holding steady, but rising costs are putting pressure on home loan demand. Here’s the latest on where rates stand — and what it means if you’re buying or refinancing. Today’s mortgage rates snapshot According to Zillow Home Loans, here are the current rates by loan type: 30-year fixed:
FIRST-TIME buyers are to get a “leg up” onto the housing ladder under plans announced by the Chancellor. Rachel Reeves has set out sweeping changes for those looking to buy a house. 1 Chancellor Rachel Reeves is expected to announce changes for home buyers todayCredit: AFP This includes a new permanent mortgage guarantee scheme, which
Rachel Reeves is sweeping aside rules put in place to protect homeowners in the wake of the financial crisis in a move that experts warn could sow the seeds for a future catastrophe. The move by the Chancellor is designed to help first-time buyers get on the property ladder and families to upsize. But fears
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.87% +0.01 FHA 30-Year Fixed 7.55% No Change VA 30-Year Fixed 6.58% +0.03 20-Year Fixed 6.73% +0.07 15-Year Fixed 5.90% +0.02 FHA 15-Year Fixed 6.76% No Change 10-Year Fixed 5.92% +0.39 7/6 ARM 7.40% -0.02 5/6 ARM 7.47% -0.01 Jumbo 30-Year Fixed 6.79% -0.07 Jumbo 15-Year
President Donald Trump on Monday called for California Democratic Sen. Adam Schiff to be prosecuted for alleged mortgage fraud. Trump said the mortgage giant Fannie Mae’s financial crimes division concluded Schiff “engaged in a sustained pattern of possible Mortgage Fraud” in a Monday morning post on the social media platform Truth Social. The president called on
The U.S. housing market is flashing red lights, and one economist says it could be a sign of broader economic trouble ahead. With mortgage rates holding steady near 7%, housing activity across the country is slowing down—dragging down sales, new home construction, and price growth. According to Moody’s Analytics Chief Economist Mark Zandi, the trend
Key Takeaways 30-year mortgage rates had been falling for five weeks after a mid-May surge—but they’ve now inched up two weeks in a row. That’s pushed estimated monthly payments slightly higher, making mortgages a bit more expensive for today’s homebuyers. The current average for 30-year fixed rates is 6.86%—still more than a quarter point below
article A “For Sale” sign in front of a home in Hercules, California, US, on Thursday, June 26, 2025. Photographer: David Paul Morris/Bloomberg via Getty Images More than half of homeowners in the U.S. say they wouldn’t be comfortable selling their home this year, no matter how low the mortgage rates go, according to a
trump housing market Donald Trump is eyeing up what might become “the biggest deal in history” and the stakes could not be higher. It could feasibly bring in hundreds of billions of dollars for the public purse and boost homeownership. Or it could send mortgage rates soaring. The deal is the fate of Freddie Mac