Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The return of the 100 per cent mortgage is gathering pace in the UK as lenders loosen their criteria in a bid to boost homebuying. April Mortgages and Gable Mortgages launched no-deposit deals this month
“Mortgage delinquency rates held steady at a low level in the first quarter of 2025. Roughly 40% of metropolitan areas showed increases in the overall delinquency rate, comparable to the share from the fourth quarter of 2024,” Molly Boesel, senior principal economist at Cotality, said in a statement. “Those areas posting the largest increases in
article FILE-A home is listed for sale in Palo Alto, CA, U.S. (Michael Short/Bloomberg via Getty Images) Mortgage rates are still stable after making a slight uptick despite unpredictability in the housing industry. Freddie Mac reported in its Primary Mortgage Market Survey that the 30-year fixed-rate mortgage (FRM) increased this week to its highest level
Loan Type New Purchase Rates Daily Change 30-Year Fixed 7.00% -0.08 FHA 30-Year Fixed 7.37% No Change VA 30-Year Fixed 6.65% -0.04 20-Year Fixed 6.83% -0.11 15-Year Fixed 6.04% -0.04 FHA 15-Year Fixed 6.78% No Change 10-Year Fixed 5.97% -0.06 7/6 ARM 7.33% +0.01 5/6 ARM 7.25% +0.03 Jumbo 30-Year Fixed 6.94% -0.07 Jumbo 15-Year
Mortgage rates are showing signs of modest relief for homebuyers heading into summer 2025. According to the latest Zillow data, the national average for a 30-year fixed mortgage fell to 6.97% as of Friday, May 30, 2025. That’s down from 6.99% a day earlier, and 7.08% one week ago. This decline could translate to meaningful
Homeowners can find the prospect of paying back a six or even seven-figure sum daunting – Westend61 Mortgages are the one financial service you spend years trying to get, but then want to be rid of as soon as you can. For most of us, a mortgage is the key to getting on and climbing
“In 2015, HUD set a requirement for some HECM borrowers to maintain a Life Expectancy Set Aside to pay for future property taxes, insurance premiums, and flood insurance on behalf of the borrower,” HUD explained in its announcement. “Our objective is to determine if HUD’s HECM Life Expectancy Set Aside calculations are meeting program goals.”
Fueling this moment is a persistently high interest rate environment, which has increased the value of mortgage servicing rights (MSRs) — the asset outsourced to subservicers — due to slower prepayment speeds. For subservicers, managing loans can generate stable income through fees, and when agreements allow and align with their strategy, it opens doors for
The national PAPI decreased 0.6% from March to a reading of 163.0 in April. Median earnings were up 4.8% compared to one year ago, and while payments decreased 3.1%, the significant earnings growth means that the PAPI is down 8.4% on an annual basis. For borrowers applying for lower-payment mortgages (the 25th percentile), the national
Ike Suri – CEO of FundingShield NEWPORT BEACH, Calif., May 29, 2025–(BUSINESS WIRE)–In a major step toward protecting the integrity of the U.S. housing finance system, Fannie Mae CEO Priscilla Almodovar, FHFA Director Bill Pulte, and Palantir Technologies CEO Alex Karp have joined forces in a coordinated initiative to combat mortgage fraud across the homebuying