The Market Composite Index, which measures mortgage loan application volume, decreased 6.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the index decreased 6% from last week. The refinance index decreased 13% from the previous week, but was 70% higher than the same week one year ago. The seasonally adjusted
The newly appointed head of one of the nation’s top housing regulators tightened his grip on the agency with a major board shake-up on Monday at two government-controlled mortgage finance firms. William Pulte, the director of the Federal Housing Finance Agency, ousted 14 board members at Fannie Mae and Freddie Mac and named himself chairman
A 55-year-old woman from Staffordshire was left surprised after having her new mortgage application approved in just 12 minutes. Now, she is telling people in a similar situation to “just go for it” and not be scared to begin their own application. After her divorce, Michaela Kinnersley-Hill needed to buy a new home but had
The average rate on a 30-year mortgage in the U.S. edged higher last week, ending a seven-week slide that helped ease borrowing costs for home shoppers leading into the spring homebuying season. The rate averaged 6.65% this week, up from 6.63% last week, mortgage buyer Freddie Mac said. A year ago, it averaged 6.74%. Borrowing
Alex Wong/Getty Image Mortgage rates rose slightly this week, as President Donald Trump‘s tariff agenda drove economic uncertainty and volatility in financial markets. The average rate on 30-year fixed home loans rose slightly to 6.65% for the week ending March 13, up just slightly from 6.63% the prior week, according to Freddie Mac. Rates averaged
Mortgage rates have fallen by the biggest margin in nearly six months, ahead of the Bank of England’s next base rate decision on 20 March. After months of stubbornly high rates, the cuts will be welcome news for the 1.8 million people due to remortgage in the remainder of 2025. Read on to find out
With natural disasters and homeowners insurance costs making headlines, many homeowners may find themselves dwelling on “what-ifs.” In at least one area, turning that anxiety into action could help ease some concerns. Too often, those facing an unimaginable loss aren’t aware of how insurance payouts work with mortgaged homes — or that they’ll need to
Homeowners are staying put for much longer periods of time, reducing available inventory. It’s contributing to the lock-in effect and sending home prices surging. These are the 10 least locked-up housing markets, according to Redfin. Americans are holding on to their homes for longer, and it’s becoming a big issue for prospective homebuyers. From 2005
Mortgage rates have fallen in seven of the last eight weeks. The downward-trending graph for interest on new home loans has got to be at least a little encouraging for buyers and sellers heading into spring. This week, the average 30-year fixed-rate mortgage did edge up marginally to 6.65%, according to Freddie Mac. Still, that’s
National Averages of Lenders’ Best Rates – New Purchase Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.78% +0.12 FHA 30-Year Fixed 7.15% +0.16 VA 30-Year Fixed 6.40% +0.17 20-Year Fixed 6.54% +0.13 15-Year Fixed 5.90% +0.12 FHA 15-Year Fixed 6.73% +0.28 10-Year Fixed 5.74% +0.28 7/6 ARM 7.36% +0.19 5/6 ARM 7.27% +0.10