CLEVELAND, Ohio — In Northeast Ohio, Rocket Mortgage has largely become synonymous with the Cavs and other major events at Rocket Arena. But the company, founded in 1985, is the largest home lender in America, with a satisfied staff of 250 in the downtown Cleveland office. The company is ranked second among midsize employers in
10-year yield and mortgage rates In my 2025 forecast, I anticipated the following ranges: Mortgage rates between 5.75% and 7.25% The 10-year yield fluctuates between 3.80% and 4.70% We had a lot of drama again last week, with speeches by Federal Reserve Chairman Jerome Powell and other regional Fed presidents, and then President Trump starting
Mortgage rates have fallen throughout June, though it’s been more like a gentle roll down a hill than a tumble off a cliff. The average rate on a 30-year fixed-rate mortgage fell one basis point to 6.84% the week ending June 26, according to rates provided to NerdWallet by Zillow. A basis point is one
Mortgage rates edged lower again this weekend, offering a modest break for prospective buyers and refinancers. According to Zillow, the average 30-year fixed-rate mortgage dropped to 6.73% on Saturday, June 28, down from 6.75% the day before. Current mortgage rates snapshot Here’s where average U.S. mortgage rates stand today, according to Zillow: 30-year fixed: 6.73%
There’s no one-size-fits-all formula when it comes to getting approved for a mortgage. Whether it’s for your first home or your dream cabin getaway, each lender sets its own eligibility criteria, interest rates, and loan options, which means the right lender for one borrower might not be the best fit for another. As a homebuyer,
High mortgage rates are still impacting home sales in 2025 Spring usually brings with it open houses, moving vans and new mortgages. But for many would-be homebuyers, this year’s homebuying season felt more like Groundhog Day. Ever since interest rates for mortgages climbed from 3% following the COVID-19 pandemic to over 6% starting in late
Breaking Through Hesitation Burks empathizes with those hesitant about AI. Reflecting on his own initial experiences, he recalls, “The first time I interacted with ChatGPT, I didn’t even know how to prompt it. But once I got past that initial uncertainty, I quickly became obsessed.” Burks’ enthusiasm is infectious, and his message to those on
30-year mortgage rates dip slightly to 6.77% Mortgage rates have remained stable since mid-April Increased inventory may benefit prospective homebuyers After inching higher during most of June, mortgage rates softened a bit this week. Freddie Mac’s latest Primary Mortgage Market Survey shows a slight decline in the most popular U.S. mortgage rates, signaling more hope
The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely held back by elevated borrowing costs and rising prices. The long-term rate fell to 6.77% from 6.81% last week, mortgage buyer Freddie Mac
Your lender may sell your mortgage to another financial institution after you close. It’s actually not uncommon for a loan to be sold more than once. If your mortgage is sold, your rate, terms and payment plan will all remain the same. You’ll just have to update your details with the new mortgage company, which