Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. After hitting a peak of 7.04% in January 2025, mortgage rates have retreated, but the decline has been sluggish, as rates remain trapped in a narrow mid-6% band. The average 30-year fixed mortgage rate
WASHINGTON — New York Attorney General Letitia James — who infamously declared that “no one is above the law” when she was targeting Donald Trump — was hit with a federal criminal referral for instances of alleged mortgage fraud on Tuesday, according to a letter obtained by The Post. Federal Housing Finance Agency (FHFA) Director William
Bank of America chair and CEO Brian Moynihan said in a statement that the bank’s clients “have been performing well, consumers have shown resilience, continuing to spend and maintaining healthy credit quality.” But he added that “[we] potentially face a changing economy in the future.” Speaking to analysts, Moynihan also said that “there’s a lot
Key Takeaways After President Trump’s April 2 tariff announcement, a resulting fall in stock prices triggered an expected rise in bond prices. That in turn lowered mortgage rates. But after three days, bond yields abruptly reversed course, defying standard market logic. The result for home buyers was brutal: 30-year mortgage rates surged a dramatic 44
(InvestigateTV) — The National Association of Realtors (NAR) predicted 24% of home shoppers in 2025 will be first-time buyers. Cherry Dale, the vice president of financial education at Virginia Credit Union, urged new buyers to learn as much as they can about the home-buying process before they start shopping. Dale recommended beginning your research six
Kevin Peachey Cost of living correspondent Getty Images More low-deposit mortgages are available to choose from than at any time since the financial crisis of 2008, according to new figures. The number of deals that need a deposit of 5% or 10% have risen to their highest level since then, data from financial information service
Tailored Mortgage Solutions Now Available for Kansas City Homebuyers Atlas Mortgage Group revolutionizes the home-buying experience with tailored mortgage services, focusing on fast approvals and transparent communication for Kansas City residents KANSAS CITY, MO / ACCESS Newswire / April 15, 2025 / Atlas Mortgage Group, a leading mortgage broker in Kansas City, MO, announces the
Team Piccola Loans Offers Tailored Mortgage Solutions in Cincinnati, Ohio, Helping Clients Navigate a Competitive Market CINCINNATI, OH / ACCESS Newswire / April 15, 2025 / In Cincinnati’s bustling real estate market, with median home prices around $250,000 and high demand, Michael Piccola of Team Piccola Loans makes homeownership accessible. Specializing in FHA, VA, USDA,
The bill was referred to the House Committee on Ways and Means. While the full text of the legislation is not yet available, its listed purpose is to “amend the Internal Revenue Code of 1986 to increase the income cap for and make permanent the mortgage insurance premium deduction.” “With housing prices skyrocketing in Florida
This is according to Wade Pfau, professor of retirement income at the American College of Financial Services. Pfau spoke with HousingWire’s Reverse Mortgage Daily (RMD) about the potential role for Home Equity Conversion Mortgage (HECM) products in light of recent tariff-induced market volatility. Wade Pfau “I would say closer to five years ago, I did