Loan Type New Purchase Rates Daily Change 30-Year Fixed 7.04% -0.03 FHA 30-Year Fixed 7.37% No Change VA 30-Year Fixed 6.66% -0.04 20-Year Fixed 6.90% -0.04 15-Year Fixed 6.09% -0.05 FHA 15-Year Fixed 6.78% No Change 10-Year Fixed 6.09% +0.15 7/6 ARM 7.25% +0.07 5/6 ARM 7.29% +0.05 Jumbo 30-Year Fixed 7.04% No Change Jumbo
An under-the-radar Trump trade has soared this year on bets of a big shake-up in the mortgage industry — but it’s a change that might not ultimately benefit everyday Americans. That’s according to Pimco, which said this week that the privatization of Fannie Mae and Freddie Mac, the mortgage finance giants that were taken over
Mortgage rates continue to fluctuate in mid-May, with the average 30-year fixed mortgage dipping just below 7% after a brief spike earlier this month. According to Zillow, the national average 30-year fixed mortgage rate stands at 6.99% as of May 16, 2025—down two basis points from the previous day. However, it remains up slightly from
Getting a mortgage could soon become easier – especially if you’re buying your first home. At the start of the year, the financial regulator announced plans to reform the market and improve access for borrowers. We’re now starting to see the effects, with lenders tweaking the affordability checks they use to decide how much you
Mortgage rates affect home affordability and long-term costs. Rates vary by economy, loan type and borrower credit. Lower rates can save money. NEW YORK – Buying a home is the most expensive purchase many people make in their lifetimes. Some people do it only once, while others are in the market with greater frequency. In
Loan Type New Purchase Rates Daily Change 30-Year Fixed 7.07% +0.06 FHA 30-Year Fixed 7.37% No Change VA 30-Year Fixed 6.70% +0.04 20-Year Fixed 6.94% +0.11 15-Year Fixed 6.14% +0.04 FHA 15-Year Fixed 6.78% No Change 10-Year Fixed 5.94% +0.10 7/6 ARM 7.18% -0.09 5/6 ARM 7.24% -0.07 Jumbo 30-Year Fixed 7.04% +0.04 Jumbo 15-Year
The average rate on a 30-year mortgage in the U.S. edged above 6.8% this week, returning to where it was just three weeks ago. The rate increased to 6.81% from 6.76% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.02%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners
The high street lender has reduced its stress rates – which are used to determine if they can afford to continue to pay their mortgage if interest rates rise – by between 0.75 and 1.25 percentage points 12:20, 15 May 2025Updated 12:36, 15 May 2025 Nationwide has made a change to its stress rates(Image: Mike
Mortgage rates jumped significantly on May 15, 2025, with the average 30-year fixed-rate mortgage now sitting at 6.90%. That’s a 1.47% increase from last week, according to data from the Mortgage Research Center. This rate hike marks one of the largest week-over-week increases in 2025 and could impact affordability for buyers and homeowners considering refinancing.
MEMPHIS, Tenn. – Days after crooks tried to steal a Munford woman’s home, a Mississippi man warned he lost $3,000 in a mortgage scam. “I’m thinking all of this is 100% legit,” the Lafayette County man explained. “But it was not.” Harry Smith told FOX13 he wanted to lower his monthly mortgage payment. He received