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
By MATT OTT, AP Business Writer WASHINGTON (AP) — The average rate on a 30-year mortgage in the U.S. fell this week for the first time in a month, but borrowing costs for homebuyers remain elevated. The long-term rate dipped to 6.85% from 6.89% last week, mortgage buyer Freddie Mac said Thursday. A year ago,
A homeowner is on a mission to be mortgage-free by the time she turns 40 – and is using a shopping app to help her achieve her goal A woman shopping at a supermarket – she and others could take advantage of the app(Image: Getty) A couple have been using a shopping app to shave
Mortgage applications in the U.S. fell for a third consecutive week. Applications across the country were down 3.9% for the week ending May 30, according to seasonally adjusted data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. For the week ending May 23, applications had gone down 1.2% from the prior week, and for
Key Takeaways Though the Fed has so far kept its benchmark rate steady in 2025, at least one rate cut is expected this year. If you’re house hunting, you may think waiting for the Fed rate to drop will lead to a lower mortgage rate. But this strategy is flawed. First, there’s no guarantee the