A ‘For Sale’ sign is posted in front of a home for sale on March 5, 2025, in Pasadena, Calif. Credit – Mario Tama—Getty Images Last week, after President Donald Trump’s introduction of his “Liberation Day” tariffs, the global and U.S. stock markets took a major hit, as Wall Street slumped and the U.S. dollar
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.93% +0.08 FHA 30-Year Fixed 7.04% No Change VA 30-Year Fixed 6.54% +0.18 20-Year Fixed 6.83% +0.25 15-Year Fixed 6.07% +0.14 FHA 15-Year Fixed 6.32% No Change 10-Year Fixed 6.02% -0.34 7/6 ARM 7.33% +0.29 5/6 ARM 7.27% +0.17 Jumbo 30-Year Fixed 6.88% +0.12 Jumbo 15-Year
While no one can be sure exactly how things will pan out in the long run, the market is currently expressing extreme disapproval of the new tariff plans. While interest rates had previously benefited from some of the chaos in the stock market, that ship has sailed. Now, both sides of the market are losing
Borrowers could see some “really big cuts” to mortgage rates this week amid Trump-induced chaos in global markets, industry insiders have predicted. One consequence of the US president’s announcements has been the price of oil plummeting, which could end up being deflationary and give the Bank of England greater scope to cut. Swap rates, which
Expectations that US President Donald Trump’s current round of import tariffs could trash the global economy are set to make borrowing cheaper, according to mortgage experts. MPowered Mortgages said it had cut rates by up to 0.21% following the “Liberation Day” tariff announcements. The lender, which offers one-day turnaround on its home loans, said it
President Donald Trump’s latest tariff salvo has wreaked havoc on markets, but there’s a may be a silver lining for homebuyers: falling borrowing costs. Mortgage rates fell to a six-month low on Friday, lowering one of the biggest barriers for US housing shoppers. According to data from Mortgage News Daily, the 30-year fixed rate dropped
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It’s going to be a busy year for Britain’s mortgage industry. More than a million households are in for a serious payment shock as they refinance loans taken out at rock-bottom rates during the coronavirus
Economic uncertainty seems to be the only certainty these days. A barrage of tariffs threatens higher prices and a trade war, while a plunging stock market and federal job slashing seem to be clear recession indicators. With mortgage rates inching lower, it’s common for homebuyers to ask if housing will become more affordable in a downturn. After more than 20
Holmes and his mother are among the 110,000 Massachusetts residents so far this year who have received help with their heating bills from a federal program known as LIHEAP — Low Income Home Energy Assistance Program. Another 30,000 residents in New Hampshire rely on the heating assistance, as do hundreds of thousands of Americans across
In 2024, when the 10-year yield broke to the lows for that year, we had a series of labor reports that missed estimates, but that has not been the case this week, something I talked about on this episode of the HousingWire Daily podcast. BLS Jobs Friday and jobs week data From BLS: Total nonfarm