In the mortgage market, rates on a 30-year fixed loan dropped for the first time in a month. The dip was modest, and rates are still solidly in the upper 6% range we’ve seen for most of the past eight months, but they remain lower than they were at this time last year. The labor
In a session dubbed “The CTO Playbook,” Bressler told audience members that he considers the use of AI as a form of “empowerment” and “protection.” “What we need to understand is that AI is not some experience at the end of the day … it is a predictive analyst,” he said. “But everything, as you
A MORTGAGE scheme that is helping first-time buyers get on the ladder is set to end within weeks. The mortgage guarantee scheme enables buyers to get a home with just a 5% deposit. 1 The mortgage guarantee scheme has helped 53,000 home buyers get on the ladderCredit: Alamy It can be used to buy any
Homebuyers and homeowners eyeing a refinance have reason to monitor closely: mortgage rates are shifting again. As of Monday, June 9, 2025, the national average 30-year fixed mortgage rate dropped to 6.99%, according to Zillow. That’s down from 7.03% just a day earlier. While it matches the average from a week ago, it’s still a
As we close out the first week of June 2025, the U.S. housing market continues to send mixed signals. Mortgage rates moved modestly but ended the week slightly lower, while buyer demand remained tepid. Inventory is rising nationwide, reshaping negotiations and hinting at a potentially cooler summer. Mortgage rate snapshot: Where we stand now Mortgage
The CalAssist Mortgage Fund is a new source of financial relief for California homeowners whose properties were destroyed after recent disasters. The fund provides grants of up to $20,000 to cover three months of mortgage payments for eligible homeowners. The state has allocated $105 million for the program. “California is extending this ongoing support to
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.93% +0.02 FHA 30-Year Fixed 7.37% No Change VA 30-Year Fixed 6.60% +0.01 20-Year Fixed 6.70% +0.03 15-Year Fixed 5.96% +0.06 FHA 15-Year Fixed 6.78% No Change 10-Year Fixed 5.80% No Change 7/6 ARM 7.34% +0.05 5/6 ARM 7.29% +0.06 Jumbo 30-Year Fixed 6.94% +0.02 Jumbo
A deficit-financed reconciliation bill would raise Americans’ mortgage costs by thousands of dollars per year by pushing up interest rates. The House-passed One Big Beautiful Bill Act (OBBBA) would add about $5 trillion to the debt over ten years if its provisions are made permanent, while the Fiscal Year (FY) 2025 concurrent budget resolution allows
The national average 30-year fixed mortgage rate edged up to 6.94% on Friday, June 6, 2025, according to Zillow. This marks a 1 basis point increase from the previous day, though rates have eased slightly over the past week. Homebuyers and refinancers alike continue to monitor shifting mortgage rates, which remain elevated amid persistent inflation
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.91% -0.06 FHA 30-Year Fixed 7.37% No Change VA 30-Year Fixed 6.59% -0.06 20-Year Fixed 6.67% -0.09 15-Year Fixed 5.90% -0.06 FHA 15-Year Fixed 6.78% No Change 10-Year Fixed 5.80% -0.20 7/6 ARM 7.29% +0.04 5/6 ARM 7.23% +0.10 Jumbo 30-Year Fixed 6.92% -0.03 Jumbo 15-Year