But ICS remains expensive compared with its rivals in the market despite the reductions. It also charges existing customers more than new ones. ICS Mortgages, the trading name of Dilosk, said it was cutting its rates by up to 0.15 percentage points. The reductions are across fixed mortgage rates for both new and existing owner-occupier
Key Takeaways After surging in mid-May during congressional debate over President Trump’s proposed tax bill, mortgage rates have reversed course over the past four weeks. New 30-year fixed-rate loans now average 6.91%, down 21 basis points from May 23. Other popular loan types have also dropped over the past month: 15-year rates are down 17
Momentum is building for credit reporting reform, with advocacy groups like the Mortgage Bankers Association (MBA) calling for a shift away from the longstanding tri-merge credit report model toward a bi-merge or even single-report system. But stakeholders across the credit ecosystem are sounding alarms over the potential consequences of such a move. “We are injecting
An interest-only mortgage has been launched by Gen H to provide an affordability boost for borrowers, including first-time buyers. Interest-only mortgages allow homeowners to pay the interest on the loan only, making the repayments cheaper. The new product from Gen H, which is being launched in three stages, is now available
Mortgage rates ticked down again Monday, with the average 30-year fixed rate falling to 6.88%. Homebuyers navigating a high-rate market may find modest relief, but will the trend continue? National mortgage rates as of June 23, 2025 Zillow reports the following averages: 30-year fixed: 6.88% (down 0.02%) 15-year fixed: 5.90% (down 0.02%) 5-year ARM: 6.99%
When you finance your home with a mortgage, your lender will likely require you to maintain an escrow account. With this setup, a portion of your monthly mortgage payment is set aside to cover your annual property taxes and home insurance premiums. Lenders want to protect their financial investment when they loan you money; an
My wife and I are in the process of selling an investment property, which will allow us to pay off the associated mortgage, our home mortgage, and leave us with another $100,000 in savings. As much as it would be great to be mortgage free, I’m wondering if we are doing the right thing repaying
Edwin Remsberg/Getty Images Mortgage rates edged down again on Wednesday, reaching a four-week low, as the market prepared for the latest Federal Open Market Committee (FOMC) at which the Federal Reserve opted to keep interest rates unchanged. The average rate on 30-year fixed home loans decreased to 6.81% for the week ending June 18, down
The named officials at the now-defunct lender include former chief financial officer Christopher Wright, former president and chief production officer Shea Pallante, and former chief credit officer Elliot Salzman. “Plaintiffs have had four opportunities over the course of more than two years to plead a viable case,” U.S. Magistrate Judge Lee Dunst wrote, noting that
Loan Type Purchase Refinance 30-Year Fixed 6.90% 7.08% FHA 30-Year Fixed 7.55% 7.44% VA 30-Year Fixed 6.60% 6.55% 20-Year Fixed 6.67% 6.98% 15-Year Fixed 5.93% 5.91% FHA 15-Year Fixed 6.76% 6.82% 10-Year Fixed 5.89% 6.18% 7/6 ARM 7.27% 7.27% 5/6 ARM 7.07% 6.87% Jumbo 30-Year Fixed 6.85% 6.91% Jumbo 15-Year Fixed 6.57% 6.57% Jumbo 7/6