Alex Wong/Getty Image Mortgage rates rose slightly this week, as President Donald Trump‘s tariff agenda drove economic uncertainty and volatility in financial markets. The average rate on 30-year fixed home loans rose slightly to 6.65% for the week ending March 13, up just slightly from 6.63% the prior week, according to Freddie Mac. Rates averaged
Mortgage rates have fallen by the biggest margin in nearly six months, ahead of the Bank of England’s next base rate decision on 20 March. After months of stubbornly high rates, the cuts will be welcome news for the 1.8 million people due to remortgage in the remainder of 2025. Read on to find out
With natural disasters and homeowners insurance costs making headlines, many homeowners may find themselves dwelling on “what-ifs.” In at least one area, turning that anxiety into action could help ease some concerns. Too often, those facing an unimaginable loss aren’t aware of how insurance payouts work with mortgaged homes — or that they’ll need to
Homeowners are staying put for much longer periods of time, reducing available inventory. It’s contributing to the lock-in effect and sending home prices surging. These are the 10 least locked-up housing markets, according to Redfin. Americans are holding on to their homes for longer, and it’s becoming a big issue for prospective homebuyers. From 2005
Mortgage rates have fallen in seven of the last eight weeks. The downward-trending graph for interest on new home loans has got to be at least a little encouraging for buyers and sellers heading into spring. This week, the average 30-year fixed-rate mortgage did edge up marginally to 6.65%, according to Freddie Mac. Still, that’s
National Averages of Lenders’ Best Rates – New Purchase Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.78% +0.12 FHA 30-Year Fixed 7.15% +0.16 VA 30-Year Fixed 6.40% +0.17 20-Year Fixed 6.54% +0.13 15-Year Fixed 5.90% +0.12 FHA 15-Year Fixed 6.73% +0.28 10-Year Fixed 5.74% +0.28 7/6 ARM 7.36% +0.19 5/6 ARM 7.27% +0.10
It’s important to choose the right mortgage loan term — especially while inflation is high. Getty Images While the inflation dropped slightly in February, it has been ticking back up overall over the last few months, and it’s changing how smart homebuyers approach their mortgages. If you’re in the market for a home this year
Existing home sales fall to lowest level since 1995 The latest home sales numbers painted a discouraging picture for the real estate industry as sales fell to the lowest level since 1995. Straight Arrow News Rising home prices in metro Phoenix are making it difficult for families to afford to buy a home. The median
The chaos unfolding in financial markets has been exhausting for investors. Yet, for fatigued homebuyers, the market mayhem has come with a silver lining: mortgage rates are down. The 30-year mortgage rate has dropped for six straight weeks as bond yields have slipped. A chaotic few weeks for financial markets have produced one perk for
National Averages of Lenders’ Best Rates – New Purchase Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.63% -0.01 FHA 30-Year Fixed 6.80% -0.13 VA 30-Year Fixed 6.17% +0.03 20-Year Fixed 6.36% +0.03 15-Year Fixed 5.73% +0.01 FHA 15-Year Fixed 6.39% -0.07 10-Year Fixed 5.46% -0.30 7/6 ARM 7.10% +0.02 5/6 ARM 7.14% -0.06