As spring buying season ramps up in Wichita, mortgage banker Randy Pitts helps first-time homebuyers prepare for competitive conditions. WICHITA, KS / ACCESS Newswire / July 22, 2025 / The spring real estate market is officially underway, and for many first-time homebuyers in Wichita, KS, it’s both exciting and intimidating. To help these new buyers
Key Takeaways 30-year mortgage rates had been falling for five weeks after a mid-May surge—but they’ve now inched up for three consecutive weeks. That’s pushed estimated monthly payments slightly higher, making mortgages a bit more expensive for today’s homebuyers. But rates remain lower than their May peak, and more meaningful relief seems unlikely in the
California’s state-run mortgage relief program, announced in January by Gov. Gavin Newsom, had more than 400 financial institutions voluntarily sign up, agreeing they would not charge late fees, would not report late payments to credit agencies and would not demand “balloon payments,” which require borrowers to pay back their entire balance right at the end
Mortgage rates remained mostly steady on Monday, with the average 30-year fixed rate holding at 6.625%, according to Zillow. The 15-year fixed rate sits at 5.75%, continuing to offer a lower interest option for buyers who can manage higher monthly payments. This rate stability comes at a pivotal moment, as investors and analysts prepare for
Lender insights Dan Jones, MMI’s chief technology officer, said during an exclusive demo of the product with HousingWire that MMI users can ask questions like, “Which lenders gained the most purchase volume in California last quarter?” They can even get answers about their own production, such as, “What is my retention by month for the
Mortgage spreads In 2023, when mortgage rates reached 8%, the year was hampered by mortgage spreads hitting new cycle highs. Initially, mortgage spreads showed signs of improvement early in the year. However, the Silicon Valley banking crisis caused a spike in spreads and the situation remained challenging throughout the year. In 2024, the spreads began
As the housing market continues to evolve in the shadow of persistent inflation and shifting buyer behavior, this week’s economic data provides important clues for both policymakers and home shoppers. Markets are closely watching the Federal Reserve for signals of a policy shift, but this week’s consumer price index report reinforced expectations that a rate
Mortgage application activity dropped sharply last week as rates moved higher, according to the Mortgage Bankers Association’s (MBA) latest survey. The Composite Index fell 10.0% on a seasonally adjusted basis for the week ending July 11, reversing much of the prior week’s gain. “Mortgage rates rose last week following higher Treasury yields, which weighed on
Mortgage rates this week for a 30-year fixed loan increased to 6.75%, up from 6.72% last week. So what impact does this have on your monthly mortgage payment? And what does this mean for homebuyers? Here’s the monthly cost of purchasing a typical home today, according to the Realtor.com® mortgage calculator. Monthly mortgage payment today with a
Adam Schiff (Image: https://www.adamschiff.com/) US President Donald Trump on Tuesday accused Democratic Senator Adam Schiff of mortgage fraud alleging that he misrepresented his primary residence to secure more favourable loan terms.In a post on Truth Social, Trump said that the Federal National Mortgage Association’s (Fannie Mae) financial crime unit uncovered a “sustained pattern of possible