Another mortgage company is trying to become more of a one-stop shop for homebuyers Mortgage lender Lower is acquiring real estate portal Movoto and its parent company, OJO Labs, Inman reported. Financial terms of the merger were not disclosed. The merger will help to create “an end-to-end homeownership platform,” according to a statement put out
Mortgage application volume saw a modest increase last week, buoyed by a notable rise in home purchase activity, according to the Mortgage Bankers Association’s (MBA) latest Weekly Mortgage Applications Survey. For the week that ended May 9, 2025, total mortgage applications rose 1.1% on a seasonally adjusted basis compared to the prior week. Unadjusted, applications
Loan Type New Purchase Rates Daily Change 30-Year Fixed 7.01% +0.01 FHA 30-Year Fixed 7.37% No Change VA 30-Year Fixed 6.66% +0.04 20-Year Fixed 6.83% +0.01 15-Year Fixed 6.10% +0.02 FHA 15-Year Fixed 6.78% No Change 10-Year Fixed 5.84% +0.03 7/6 ARM 7.27% +0.13 5/6 ARM 7.31% +0.03 Jumbo 30-Year Fixed 7.00% -0.01 Jumbo 15-Year
Mortgage rates ticked up slightly on May 14, 2025, following a mixed April inflation report from the Bureau of Labor Statistics. While year-over-year inflation cooled to its slowest pace since February 2021, housing costs remain elevated—contributing to instability in mortgage interest rates across the board. Today’s mortgage interest rates According to Zillow data, the average
Bad news for those looking to buy a home: it’s looking like high mortgage rates are here to stay in the months ahead. Mortgage rates have hovered in the 6 to 7% range this year, with the 30-year rate at 6.76% as of last week, according to Freddie Mac. And they’ll stay in that range
In the short term, two other factors are likely to influence mortgage rates, which have remained above 6.5% for 30-year loans since October. The first is President Donald Trump’s deal with China to lower tariffs between the two countries for 90 days. This could provide interim relief to homebuilders as tariffs on construction materials were
The states with the cheapest 30-year new purchase mortgage rates Monday were New York, California, Texas, Florida, and Pennsylvania. As the five most populous states, they account for more than a third of the U.S. population. After those five, the lowest-rate states were Georgia, Hawaii, Virginia, and Washington. The nine states registered Monday rate averages
RXR and Ivanhoé Cambridge scored a significant extension to a $1 billion mortgage dogging their Midtown Manhattan office building. The owners of 1211 Sixth Avenue extended their mortgage for three years, the Commercial Observer reported. The loan was scheduled to mature in August and had been flagged by Fitch Ratings due to a low debt
Mortgage rates inched higher on Tuesday as markets absorbed the impact of a 90-day U.S.–China tariff truce and looked ahead to the next Federal Reserve meeting. According to the latest Zillow data, the average 30-year fixed mortgage rate rose to 6.76%, up four basis points from the previous day. Current mortgage rates Here’s a snapshot
First, let’s start with my 2025 forecast for mortgage rates and the bond market, where I anticipated the following ranges: Mortgage rates will be between 5.75% and 7.25% The 10-year yield will fluctuate between 3.80% and 4.70%. So far this year, the 10-year yield has ranged between 4.80% and 3.87%, if I count after-hours trading.