Many first-time buyers do not fully understand how mortgage rates are tiered Choosing a mortgage can feel daunting, especially for first-time buyers unfamiliar with the process or existing homeowners facing the prospect of higher bills if mortgage rates are higher than when they bought their property. Borrowers will be keen to find the cheapest possible
LAS VEGAS (KTNV) — A little over a month ago, we reported mortgage rates were dropping, but on Wednesday, housing experts tell me that will no longer be the case. WATCH | So, what does this mean for homebuyers? Mortgage expert explains how rising rates will affect Southern Nevada homebuyers Rates are once again on
Amy Evans and her mother Kathleen Moore, with other family members (Picture: Amy Evans/SWNS) A mum-of-two killed herself after her mortgage payments rose by £500 a month and her application for benefits was turned down, her daughter has said. Kathleen Moore, 60, spent the last four years struggling to make her payments after they shot
Loan Type New Purchase Rates Daily Change 30-Year Fixed 7.03% +0.07 FHA 30-Year Fixed 7.37% No Change VA 30-Year Fixed 6.71% +0.05 20-Year Fixed 6.94% +0.07 15-Year Fixed 6.16% +0.05 FHA 15-Year Fixed 6.82% No Change 10-Year Fixed 6.04% +0.07 7/6 ARM 7.35% +0.01 5/6 ARM 7.23% No Change Jumbo 30-Year Fixed 7.04% +0.03 Jumbo
What will happen to home sales? The upward movement serves as a bucket of cold water for a housing market that has had a relatively healthy level of activity at the start of the spring purchase season. Altos data released Monday showed that weekly pending single-family home sales rose slightly compared to year-ago levels as
THE average two-year fixed mortgage rate has dropped below the average five-year fixed rate for the first time since Liz Truss’ mini-Budget. The average two-year fixed rate for those with a 40% deposit is now 4.18%, while the average five-year fixed mortgage rate for those with a 40% deposit is 4.19%, according to data firm
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.96% +0.01 FHA 30-Year Fixed 7.37% No Change VA 30-Year Fixed 6.66% +0.02 20-Year Fixed 6.87% +0.04 15-Year Fixed 6.11% +0.04 FHA 15-Year Fixed 6.82% No Change 10-Year Fixed 5.97% -0.45 7/6 ARM 7.34% No Change 5/6 ARM 7.23% +0.01 Jumbo 30-Year Fixed 7.01% No Change
New York Attorney General Letitia James has forcefully rejected allegations of mortgage fraud leveled against her by a Trump administration official, calling them “a revenge tour” with no merit. In an exclusive interview with NY1, James maintained her resolve and commitment to the rule of law. “I will not be silenced, I will not be
As mortgage rates rise, more borrowers are looking for ways to keep their homebuying costs down. Could an adjustable-rate mortgage be the way to do that? On Wednesday, the Mortgage Bankers Association reported that for the week ending April 11, 2025, the share of borrowers applying for ARMs rose to its highest level since November
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.95% +0.01 FHA 30-Year Fixed 7.37% +0.33 VA 30-Year Fixed 6.64% +0.04 20-Year Fixed 6.83% No Change 15-Year Fixed 6.07% +0.03 FHA 15-Year Fixed 6.82% +0.50 10-Year Fixed 6.42% No Change 7/6 ARM 7.34% No Change 5/6 ARM 7.22% +0.04 Jumbo 30-Year Fixed 7.01% +0.03 Jumbo