Mortgage finance giants Fannie Mae and Freddie Mac have been under government conservatorship since 2008. President Trump wants to privatize them. But what could that mean for America’s mortgage market? Today, On Point: How Trump plans to get government out of the mortgage business. Guests David Reiss, clinical professor of law at Cornell Law School
Mortgage rates barely budged last week, but homebuyers may be inching back to the market despite strong spring headwinds. Refinance demand was weaker, however, pushing total application volume down 2% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with
nesto 2025 Top Mortgage Employer award MONTREAL, March 26, 2025 (GLOBE NEWSWIRE) — nesto Group, Canada’s largest technology-enabled mortgage lender, is proud to announce nesto has been recognized as a Top Mortgage Employer by Canadian Mortgage Professional (CMP) for 2025. This prestigious award highlights nesto’s dedication to fostering a supportive work environment and creating a
LUDOWICI, Ga. (WSAV) — An Army veteran and his family were handed the keys to their mortgage free home Tuesday. Retired U.S. Army Sergeant First Class Tyler Welty is now an official Ludowici resident. Welty served in the Army for over two decades and said he was overwhelmed by the support. “I was just completely
Inflation isn’t the only factor at play, but it has a big impact on where mortgage rates head. Yevhenii Kazykin/Getty Images After four straight months of increases, the inflation rate fell slightly in February, dropping to 2.8% from 3.0% the month prior. But despite those recent upticks, today’s inflation rate is a big improvement compared
Your credit score gives lenders a sense of how likely you are to make regular, on-time mortgage payments. So, it’s a critical part of the approval process for mortgage refinancing. Typically, homeowners need at least a 620 FICO score to refinance. But if you don’t meet this threshold, you still have options. Below, CNBC Select
The Trump administration has made some changes to two pillars of the American housing market: the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. Or, as they’re better known, Fannie Mae and Freddie Mac. Last week the administration fired 14 members of the boards of directors at the two corporations. Fannie and
National Averages of Lenders’ Best Rates – New Purchase Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.76% -0.01 FHA 30-Year Fixed 7.35% No Change VA 30-Year Fixed 6.34% +0.03 20-Year Fixed 6.49% -0.02 15-Year Fixed 5.90% +0.03 FHA 15-Year Fixed 6.80% No Change 10-Year Fixed 5.78% +0.05 7/6 ARM 7.34% +0.02 5/6 ARM
The most immediate risk is that it could disrupt the mortgage market and lead to an increase in the average rate for a 30-year mortgage, which is currently at 7 per cent read more The US government is weighing an executive order that could set in motion the privatisation of the two government-sponsored enterprises (GSEs)
Illustration by Realtor.com; Source: Getty Images Whether you’re a first-time homebuyer or just looking to make a change, buying a home right now might seem like a fruitless endeavor—but it’s really not. The average rate on 30-year fixed home loans went up to 6.67% for the week ending March 20, up from 6.65% the week