There’s no one-size-fits-all formula when it comes to getting approved for a mortgage. Whether it’s for your first home or your dream cabin getaway, each lender sets its own eligibility criteria, interest rates, and loan options, which means the right lender for one borrower might not be the best fit for another. As a homebuyer,
High mortgage rates are still impacting home sales in 2025 Spring usually brings with it open houses, moving vans and new mortgages. But for many would-be homebuyers, this year’s homebuying season felt more like Groundhog Day. Ever since interest rates for mortgages climbed from 3% following the COVID-19 pandemic to over 6% starting in late
Breaking Through Hesitation Burks empathizes with those hesitant about AI. Reflecting on his own initial experiences, he recalls, “The first time I interacted with ChatGPT, I didn’t even know how to prompt it. But once I got past that initial uncertainty, I quickly became obsessed.” Burks’ enthusiasm is infectious, and his message to those on
30-year mortgage rates dip slightly to 6.77% Mortgage rates have remained stable since mid-April Increased inventory may benefit prospective homebuyers After inching higher during most of June, mortgage rates softened a bit this week. Freddie Mac’s latest Primary Mortgage Market Survey shows a slight decline in the most popular U.S. mortgage rates, signaling more hope
The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely held back by elevated borrowing costs and rising prices. The long-term rate fell to 6.77% from 6.81% last week, mortgage buyer Freddie Mac
Your lender may sell your mortgage to another financial institution after you close. It’s actually not uncommon for a loan to be sold more than once. If your mortgage is sold, your rate, terms and payment plan will all remain the same. You’ll just have to update your details with the new mortgage company, which
Despite forecasts that mortgage rates will slowly ease, buying a home is still too costly for most people. The average 30-year fixed rate has been in the 7% range over the last 7 months, creating some hefty monthly payments. President Donald Trump’s tariffs on imports have added economic uncertainty. The Federal Reserve has paused cutting
SAN FRANCISCO, June 26, 2025 /PRNewswire/ — May Mortgage loans led an increase in early- and mid-stage delinquencies across all credit categories, according to the new CreditGauge™ published today by VantageScore. Home loans saw the largest year-over-year increase in the 30-59 Days Past Due (DPD) payment category. Mortgage delinquencies rose from 0.92% in the prior month to 1.03%
Nationwide is set to increase maximum loan-to-value on new build houses to 95% LTV, including for first-time buyers. 07:05, 26 Jun 2025Updated 07:06, 26 Jun 2025 Nationwide is set to increase maximum loan-to-value on new build houses to 95% LTV, including for first-time buyers. Nationwide has issued a massive mortgage change with millions set to
The states with the cheapest 30-year new purchase mortgage rates Tuesday were Colorado, Massachusetts, New York, California, Connecticut, Washington, Maryland, and New Jersey. These low-rate states registered averages between 6.73% and 6.81%. Meanwhile, the states with Tuesday’s most expensive 30-year new purchase mortgage rates were Alaska, West Virginia, Iowa, South Dakota, New Mexico, North Dakota,