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,
The Financial Conduct Authority is inviting views on its mortgage rule review, which aims to boost home ownership and support growth. Those who could benefit from further changes to mortgage rules include first-time buyers, the self-employed and people borrowing into retirement. This is the second and more wide-ranging mortgage review the regulator has carried out
Mortgage rates fell slightly this week, with the average 30-year fixed rate dropping to 6.81% as of Wednesday, June 25, 2025. This marks a 2-basis-point dip from the previous day and a 10-basis-point improvement over last week. Here’s how today’s mortgage trends could impact buyers and homeowners. Current mortgage rate averages According to Zillow’s latest
Mortgage demand from homebuyers barely moved last week. The average rate on the 30-year fixed mortgage rose slightly, despite lower Treasury rates. Refinance demand was 29% higher than last year, but that is coming off a very low volume. Economic uncertainty at home or military conflicts overseas — each taken alone — would normally have
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Along with the rise in equity, total mortgage debt has actually fallen by a marginal amount — from $13.4 trillion in 2012 to $13.3 trillion in 2024. This figure has been relatively flat in the post-pandemic period after rock-bottom mortgage rates helped to keep debt down. This is good news for seniors looking to remodel
Amid an ongoing housing crunch, online lender Rocket Mortgage has started offering bridge loans, a form of short-term financing that enables borrowers to buy their new home before they’ve sold their current one. Also known as gap loans and interim financing, bridge loans are most often used by homebuyers to help with down payments and
Homeowners have on average, $181,000 in equity. This new product helps them access it before transitioning to a new home DETROIT, June 24, 2025 /PRNewswire/ — Rocket Mortgage, the nation’s largest mortgage lender and a part of Rocket Companies (NYSE: RKT), today announced the launch of bridge loans – a strategic solution designed to help buyers
As July 2025 approaches, would-be homebuyers are hoping for a break in mortgage rates. With the Federal Reserve holding steady and inflation pressures fluctuating, predictions for July remain uncertain. Here’s what experts forecast. Fed holds rates, but July meeting looms At its June 2025 meeting, the Federal Reserve kept its benchmark interest rate unchanged at
Some Massachusetts homeowners have received surprise letters — and even lawsuits — after Bank of America accidentally discharged hundreds of mortgages across the country before they were paid off. This is a tale of what can go wrong when you combine two big banks and some sloppy paperwork, leaving unsuspecting homeowners caught in the middle. The