At your mortgage renewal, silence is golden — for your lender. Let’s break down the decision to stay vs. switch, with advice that doesn’t hold back. Do you know how many Canadian homeowners quietly accept their bank’s renewal offer without doing any research? Too many. Signing your bank’s first offer (or even the second one) is the easiest way
The states with the cheapest 30-year new purchase mortgage rates Friday were New York, Pennsylvania, Tennessee, Oregon, California, and Florida, followed by a large multi-state tie that includes North Carolina and Texas. The lowest-rate states registered averages between 6.78% and 6.96%. Meanwhile, the states with the most expensive Friday rates were Alaska, West Virginia, North
Mortgage rates are back on the rise as economic uncertainty lingers. On May 12, 2025, average mortgage rates increased across most fixed-term products, tightening affordability for prospective homebuyers. Today’s mortgage rates Here’s how today’s national averages compare to last week’s: Mortgage type Rate (May 12) Change vs. last week 30-year fixed 6.85% +0.07 30-year fixed
Between high and rising property prices, slower wage growth and lack of housing supply, the challenges faced by aspiring first-time buyers are well-documented. While increasing the supply of new-build homes has long been on government agendas, the Financial Conduct Authority is also reviewing how regulation can support home ownership, after a letter from government about
In his press conference following last week’s Federal Reserve meeting, Fed Chair Jerome Powell used the term “wait and see” almost a dozen times when talking about the central bank’s outlook for the economy. And it’s likely that homebuyers hoping for lower rates are going to have to take the same approach. With so much
Federal law enforcement officials reportedly opened a formal probe Thursday into New York Attorney General Letitia James over mortgage fraud allegations, according to multiple reports. The FBI and U.S. Attorney for the Northern District of New York have reportedly opened their investigation into James following a referral letter U.S. Federal Housing Finance Agency director William
“I think the last few years have paid off for us. First off, we grew 60% last year,” Arvielo said. “So I think the consolidation of loan originators is part of it. I think the move-up buyer is driving the market, meaning a former first-time home buyer [who] now has a significant amount of equity.”
The U.S. Department of Justice (DOJ) has launched a formal criminal investigation into New York Attorney General Letitia James, according to multiple published news reports. The probe, which became public Thursday, May 8, follows an April referral from Federal Housing Finance Agency (FHFA) Director William Pulte, who cited alleged mortgage application fraud involving James’ properties
Multiple reports on Thursday said the FBI launched an investigation into alleged mortgage fraud claims against New York Attorney General Letitia James, who rose to national prominence through her legal battles with President Donald Trump. Citing law enforcement sources, the reports said the FBI’s Albany office is handling the investigation, which stems from allegations that James falsified records to secure
People looking to get on the property ladder have been given a new mortgage option. Buying a house for the first time is financially straining but a bank has introduced a new scheme to help people. As reported by The Sun, Skipton Building Society has announced its Delayed Start Mortgage. It gives borrowers mortgage payments