The chaos unfolding in financial markets has been exhausting for investors. Yet, for fatigued homebuyers, the market mayhem has come with a silver lining: mortgage rates are down. The 30-year mortgage rate has dropped for six straight weeks as bond yields have slipped. A chaotic few weeks for financial markets have produced one perk for
National Averages of Lenders’ Best Rates – New Purchase Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.63% -0.01 FHA 30-Year Fixed 6.80% -0.13 VA 30-Year Fixed 6.17% +0.03 20-Year Fixed 6.36% +0.03 15-Year Fixed 5.73% +0.01 FHA 15-Year Fixed 6.39% -0.07 10-Year Fixed 5.46% -0.30 7/6 ARM 7.10% +0.02 5/6 ARM 7.14% -0.06
New allegations tied to a mortgage fraud scandal that rocked the industry and landed an executive in federal prison now implicate JPMorgan, the lender on the deal, and the borrower — New York’s Chetrit Group. Wells Fargo, which filed suit in federal civil court as trustee on a $481 million CMBS loan, alleges JPMorgan knew
The average US 30-year mortgage rate declined for a sixth straight week to the lowest level since early December, sparking a pickup in purchase and refinancing activity. The contract rate on a 30-year mortgage slipped 6 basis points to 6.67% in the first week of March, according to Mortgage Bankers Association data released Wednesday. The
Mortgage rates are on a bit of a downward trend, with the average rate on a 30-year fixed mortgage dropping from the 6.9% range in early February to around 6.7% this week. But a shaky economy will likely keep the housing market frozen for a while. US stocks tumbled after President Donald Trump refused to
Building Homes for Heroes and Petite Group’s Built to Honor program have broken ground and partnered to build a mortgage-free home for a three-tour Iraq veteran, David Halona. This service follows the emotional moment on Oct. 26, 2024, when Sergeant Halona and his family were surprised with the news that they would be receiving a