Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.91% +0.04 FHA 30-Year Fixed 6.98% +0.03 VA 30-Year Fixed 6.62% +0.06 20-Year Fixed 6.66% +0.07 15-Year Fixed 5.96% +0.05 FHA 15-Year Fixed 6.82% +0.01 10-Year Fixed 6.00% -0.01 7/6 ARM 7.28% +0.02 5/6 ARM 7.11% -0.02 Jumbo 30-Year Fixed 6.90% +0.06 Jumbo 15-Year Fixed 6.67%
Financing Proceeds Plus $75 Million of Cash on Hand Will Be Used to Repay $1.235 Billion of Floating Rate Mortgage Debt NEWTON, Mass., June 16, 2025–(BUSINESS WIRE)–Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that it has priced $1.16 billion of five-year, interest-only fixed rate mortgage financing. The new financing is secured by a portfolio
00:00 Speaker A Well, mortgage rates hold steady for another week. Affordability does remain remain a pain point in the housing market. Our next guests point into a mixed picture in leading indicators for demand. That’s Jim Egan, Morgan Stanley US Housing strategist and co-head of securitized Products research. Jim’s here with me in the
The average interest rate for a 30-year fixed mortgage edged up to 6.94% on Monday, a slight increase of one basis point from both the previous day and last week. This minor fluctuation comes as potential homebuyers and those considering a refinance closely watch for clearer signals from the economy. Meanwhile, other popular loan types
Mortgage rates presented a mixed picture for prospective homebuyers and those considering a refinance on Friday. While the benchmark 30-year fixed-rate mortgage held relatively steady, other popular loan types saw slight shifts, reflecting the ongoing push and pull of economic crosscurrents. The average 30-year fixed mortgage rate is currently hovering around 6.88%, a marginal decrease
United Wholesale Mortgage is bringing back a conventional purchase mortgage in which the borrower only has to come up with a 1% down payment. A previous version of the product was last offered in May 2024. With this iteration, the mortgage is available up to the conforming loan limit for buyers at or below 80%
The average rate on a 30-year U.S. mortgage fell modestly for the second straight week, but home borrowing costs remain elevated. The long-term rate inched back to 6.84% from 6.85% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.95%. Mortgage rates are influenced by several factors, from the Federal
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.91% -0.05 FHA 30-Year Fixed 7.03% -0.07 VA 30-Year Fixed 6.61% -0.03 20-Year Fixed 6.69% -0.10 15-Year Fixed 5.98% -0.03 FHA 15-Year Fixed 6.87% -0.29 10-Year Fixed 6.01% +0.05 7/6 ARM 7.27% +0.01 5/6 ARM 7.15% No Change Jumbo 30-Year Fixed 6.90% -0.04 Jumbo 15-Year Fixed
ROCHESTER, N.Y. – The U.S. inflation report for May came out Wednesday and it showed inflation mostly holding steady. Prices actually fell in some categories that are expected to be impacted by tariffs. While economists exhale each month, there isn’t a spike in inflation, they’re not breathing easily just ye. That’s because it usually takes
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.96% -0.04 FHA 30-Year Fixed 7.10% -0.05 VA 30-Year Fixed 6.64% -0.05 20-Year Fixed 6.79% -0.10 15-Year Fixed 6.01% -0.04 FHA 15-Year Fixed 7.16% -0.29 10-Year Fixed 5.96% No Change 7/6 ARM 7.26% -0.13 5/6 ARM 7.15% -0.15 Jumbo 30-Year Fixed 6.94% -0.05 Jumbo 15-Year Fixed