Mortgage rates are likely to edge a little lower in July, continuing the gradual decline we saw in June. So far, inflation hasn’t risen from higher tariffs, and financial markets seem convinced that the Federal Reserve will cut short-term interest rates in the second half of the year. Together, those two factors could decrease mortgage
Mortgage rates are likely to edge a little lower in July, continuing the gradual decline we saw in June. So far, inflation hasn’t risen from higher tariffs, and financial markets seem convinced that the Federal Reserve will cut short-term interest rates in the second half of the year. Together, those two factors could decrease mortgage
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Today, the mortgage interest rate on a 30-year fixed mortgage is 6.60%, according to the Mortgage Research Center, while the average rate on a 15-year mortgage is 5.57%. On a 30-year jumbo mortgage, the
In an era where technology often threatens to overshadow human roles, Better Mortgage is charting a different course. By developing in-house AI tools designed to complement rather than replace human expertise, the company is enhancing the mortgage experience for both borrowers and loan officers. Already, its AI Loan Agent, Betsy, handles over 125,000 customer interactions
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Guild Mortgage Annual Percentage Rate (APR) Types of loans Conventional, FHA, VA, USDA, Arrive Home, Zero Down, jumbo, renovation, refinancing, reverse mortgages, home equity loans Terms Credit needed 540 for FHA, VA and USDA loans; 600 for Zero Down; 620 for conventional loans, 680 for jumbo loans. Nontraditional credit options available Minimum down payment 0%
CLEVELAND, Ohio — In Northeast Ohio, Rocket Mortgage has largely become synonymous with the Cavs and other major events at Rocket Arena. But the company, founded in 1985, is the largest home lender in America, with a satisfied staff of 250 in the downtown Cleveland office. The company is ranked second among midsize employers in
10-year yield and mortgage rates In my 2025 forecast, I anticipated the following ranges: Mortgage rates between 5.75% and 7.25% The 10-year yield fluctuates between 3.80% and 4.70% We had a lot of drama again last week, with speeches by Federal Reserve Chairman Jerome Powell and other regional Fed presidents, and then President Trump starting
Mortgage rates have fallen throughout June, though it’s been more like a gentle roll down a hill than a tumble off a cliff. The average rate on a 30-year fixed-rate mortgage fell one basis point to 6.84% the week ending June 26, according to rates provided to NerdWallet by Zillow. A basis point is one
Mortgage rates edged lower again this weekend, offering a modest break for prospective buyers and refinancers. According to Zillow, the average 30-year fixed-rate mortgage dropped to 6.73% on Saturday, June 28, down from 6.75% the day before. Current mortgage rates snapshot Here’s where average U.S. mortgage rates stand today, according to Zillow: 30-year fixed: 6.73%