Move over, real estate agents, and make way for the person who gives homebuyers the financial ability to buy a home – mortgage loan officers (MLOs). Also known as mortgage loan originators or mortgage brokers (although the roles differ slightly — we’ll talk about it), MLOs are the key to financially connecting people to the
Listen to this article At a glance: Existing home sales fell 0.5 percent in April, lowest since 2009 Median U.S. home price rose to $414,000, a record for April Mortgage rates hovered around 6.86 percent, discouraging buyers Unsold inventory up 20.8 percent year-over-year, aiding first-time buyers Sales of previously occupied U.S. homes fell in April,
Key Takeaways After three weeks of gradually climbing, 30-year mortgage rates jumped this past week in response to congressional debate of President Donald Trump’s proposed tax bill. Rates on new 30-year fixed-rate loans are now 20 points higher than four weeks ago, sitting at a 7.12% average. 15-year rates are up a milder 10 basis
Piggybacking on previous comments from President Donald Trump, Federal Housing Finance Agency (FHFA) Director Bill Pulte said on social media that “Jay Powell needs to lower interest rates — enough is enough. President Trump has crushed Biden’s inflation, and there is no reason not to lower rates. The housing market would be in much better
Finding the right lender can save you thousands — or cost you big. See how mortgage rates are trending now before locking in a loan with one of the best mortgage lenders of 2025. Based on rates, service, digital experience, and approval speed, these five stand out. All recommendations reflect current reviews, rate averages, and
Mortgage rates are holding steady today as homebuyers weigh options amid a still-volatile housing market. Read the latest housing updates here before checking rates. According to Zillow, the national average 30-year fixed mortgage rate stands at 7.09% as of Tuesday, May 27, 2025 — unchanged from the day prior but up slightly from last week.
Loan Type New Purchase Rates Daily Change 30-Year Fixed 7.15% +0.04 FHA 30-Year Fixed 7.37% No Change VA 30-Year Fixed 6.75% +0.01 20-Year Fixed 7.05% +0.05 15-Year Fixed 6.13% +0.02 FHA 15-Year Fixed 6.78% No Change 10-Year Fixed 6.16% -0.02 7/6 ARM 7.54% -0.05 5/6 ARM 7.54% +0.01 Jumbo 30-Year Fixed 7.16% +0.06 Jumbo 15-Year
Mortgage rates remained mostly stable heading into Memorial Day weekend, with the average 30-year fixed rate holding at 7.13% as of May 23, 2025, according to Zillow. Here’s a breakdown of how today’s rates compare across different loan types and what borrowers should know before locking in a loan. Today’s national mortgage rates 30-year fixed:
Mortgage rates continued to increase across the United States, with experts attributing the rise to more real estate inventory. But on Long Island, inventory remains low and continues to put buyers in a financial bind. The average 30-year fixed mortgage rate rose to 6.86% nationally as of Thursday, mortgage giant Freddie Mac’s weekly Primary Mortgage Market Survey
Federal Housing Finance Agency director Bill Pulte explains how President Donald Trump is making home ownership affordable again on ‘Making Money.’ Mortgage rates increased to the highest level since mid-February, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed