Private, independent mortgage lender Nationwide Mortgage Bankers Inc. (NMB) has hired Chris Allen as chief culture officer. Allen previously served as chief talent officer at Movement Mortgage, where he helped grow the company to more than 4,000 employees, and now brings his experience in organizational health and recruiting to NMB. “NMB is committed to a
Loan Type New Purchase Rates Daily Change 30-Year Fixed 7.00% -0.02 FHA 30-Year Fixed 7.15% +0.02 VA 30-Year Fixed 6.69% +0.02 20-Year Fixed 6.89% +0.01 15-Year Fixed 6.05% -0.03 FHA 15-Year Fixed 7.45% +0.05 10-Year Fixed 5.96% -0.16 7/6 ARM 7.39% No Change 5/6 ARM 7.30% -0.06 Jumbo 30-Year Fixed 6.99% +0.02 Jumbo 15-Year Fixed
Mortgage rates popped back up to 7% in the aftermath of the new global tariff regime announced by President Donald Trump on April 2, as it tanked stock markets, the bond market and the dollar all at once. Most of those tariffs have since been paused or reduced until July, and stock markets have largely
Homebuyers and those looking to refinance are met with a mixed bag of interest rate changes today. The national average for a 30-year fixed mortgage, a popular benchmark for the housing market, saw a slight dip, offering a small reprieve for borrowers. However, other popular loan terms experienced upward movement, highlighting the fluctuating nature of
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. The rate on a 30-year fixed refinance increased to 6.94% today, according to the Mortgage Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.9%. For 20-year mortgage refinances, the average rate is
This is according to HECM endorsement data compiled by Reverse Market Insight (RMI), and HMBS issuance data from Ginnie Mae and private sources compiled by New View Advisors. HECM endorsements: steady despite headwinds When asked about why business has remained so stable, RMI President John Lunde said that while originators can offer their own thoughts,
In the mortgage market, rates on a 30-year fixed loan dropped for the first time in a month. The dip was modest, and rates are still solidly in the upper 6% range we’ve seen for most of the past eight months, but they remain lower than they were at this time last year. The labor
In a session dubbed “The CTO Playbook,” Bressler told audience members that he considers the use of AI as a form of “empowerment” and “protection.” “What we need to understand is that AI is not some experience at the end of the day … it is a predictive analyst,” he said. “But everything, as you
A MORTGAGE scheme that is helping first-time buyers get on the ladder is set to end within weeks. The mortgage guarantee scheme enables buyers to get a home with just a 5% deposit. 1 The mortgage guarantee scheme has helped 53,000 home buyers get on the ladderCredit: Alamy It can be used to buy any
Homebuyers and homeowners eyeing a refinance have reason to monitor closely: mortgage rates are shifting again. As of Monday, June 9, 2025, the national average 30-year fixed mortgage rate dropped to 6.99%, according to Zillow. That’s down from 7.03% just a day earlier. While it matches the average from a week ago, it’s still a