This is according to Wade Pfau, professor of retirement income at the American College of Financial Services. Pfau spoke with HousingWire’s Reverse Mortgage Daily (RMD) about the potential role for Home Equity Conversion Mortgage (HECM) products in light of recent tariff-induced market volatility. Wade Pfau “I would say closer to five years ago, I did
Loan Type New Purchase Rates Daily Change 30-Year Fixed 7.14% +0.08 FHA 30-Year Fixed 7.04% No Change VA 30-Year Fixed 6.81% +0.10 20-Year Fixed 7.09% +0.10 15-Year Fixed 6.31% +0.11 FHA 15-Year Fixed 6.32% No Change 10-Year Fixed 6.69% +0.16 7/6 ARM 7.34% No Change 5/6 ARM 7.22% +0.01 Jumbo 30-Year Fixed 7.15% +0.10 Jumbo
Mortgage defaults have risen slightly since this time last year, according to data from the Mortgage Bankers Association. Seasonally adjusted,… Mortgage defaults have risen slightly since this time last year, according to data from the Mortgage Bankers Association. Seasonally adjusted, the delinquency rate for all mortgages was 3.98% in the fourth quarter of 2024. Federal
One of the most challenging parts of starting the homebuying process is figuring out how much you can afford . With CNBC Select’s mortgage payment calculator, you can see how various factors — including home price, loan term, interest rate, down payment and even the state you live in — will change the size of
Tamil Nadu Chief Minister M.K. Stalin. File | Photo Credit: M. Moorthy Tamil Nadu Chief Minister and DMK president M.K. Stalin on Saturday (April 12, 2025) alleged that AIADMK leaders who had mortgaged the party after two raids by the central agencies sought to mortgage the State by aligning with the BJP. In a statement
Chris Gallagher | Contributor The U.S. mortgage market has been on a rollercoaster ride over the past few years, thanks to economic uncertainties, policy shifts, and global financial pressures. As individuals move through 2025, volatility remains a defining characteristic, influencing everything from home affordability to refinancing trends. Joseph Cucchiara (Joe), who is a part of
A declining inflation rate could indirectly impact mortgage interest rates. Getty Images News that borrowers have been waiting eagerly for came in again on Thursday when the Bureau of Labor Statistics announced another drop in the inflation rate, this time for March. Now at a rate of just 2.4%, inflation dropped significantly from the 2.8%
Loan Type New Purchase Rates Daily Change 30-Year Fixed 7.06% +0.13 FHA 30-Year Fixed 7.04% No Change VA 30-Year Fixed 6.71% +0.17 20-Year Fixed 7.00% +0.17 15-Year Fixed 6.22% +0.15 FHA 15-Year Fixed 6.32% No Change 10-Year Fixed 6.53% +0.51 7/6 ARM 7.33% No Change 5/6 ARM 7.25% -0.02 Jumbo 30-Year Fixed 7.01% +0.13 Jumbo
Reza Ghazi is CEO of GreenFlow Financial Corp., overseeing the company’s operations and growth strategies. getty On March 12, the Bank of Canada announced a policy interest rate decrease from 3% to 2.75%. This comes just a month and a half since it lowered rates from 3.25% to 3%. Inflation has risen so far in
Key Takeaways Realtor.com reports that U.S. median home prices rose last month, with March asking prices averaging $424,900. That’s up $12,900 from February’s median price. Providing only minor relief for home buyers, 30-year mortgage rates slipped in March, with rates averaging 6.73% vs. 6.77% in February. Assuming a 20% down payment, that translates into a