BURLINGAME, CA – July 30, 2025 – In a strategic move set to redefine professional development in the mortgage industry, General Mortgage Capital Corporation (GMCC), a leading national direct mortgage lender, today announced the landmark launch of GMCC MLO Academy and its powerful technology counterpart, GMCC AI Suite. Spearheading this initiative is the release of
Mortgage rates today are continuing to hover near recent highs, presenting ongoing challenges for buyers and sellers navigating the tight U.S. housing market. As of August 4, 2025, Zillow data shows that 30-year and 15-year fixed-rate mortgages remain well above pandemic-era lows—further intensifying the affordability crisis that has defined much of 2024 and 2025. Current
10-year yield and mortgage rates In my 2025 forecast, I anticipated the following ranges: Mortgage rates between 5.75% and 7.25% The 10-year yield fluctuates between 3.80% and 4.70% The 10-year yield has fluctuated between approximately 4.79% and 3.87% this year, considering overnight trading within that range. Meanwhile, mortgage rates have varied from 7.25% to 6.50%.
Mortgage rates edged down again this week, offering potential buyers a sliver of relief as the U.S. housing market continues to cool under the weight of high prices and economic uncertainty. This week’s mortgage rates: A closer look As of August 3, 2025, the average 30-year fixed mortgage rate sits at 6.5%, while the 15-year
For years, financial expert Dave Ramsey has been urging consumers to never take out a mortgage for longer than 15 years, even if that means buying a smaller home. At the core of his argument is that this will help homeowners be free from debt sooner, offering more financial freedom. However, critics are taking issue
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Two Fed officials, Christopher J. Waller and Michelle Bowman, dissented. Waller supported a 25 basis-point cut due to minimal tariff effects and increased labor market risks. Bowman advocates for a gradual shift to a neutral policy stance, citing slowing economic growth and a less dynamic labor market. A growing number of market participants — 88%
As home prices continue to rise, more buyers are pooling resources to enter the market, whether as friends, siblings, or unmarried partners. But buying a home together is only the beginning. From mortgage payments and property taxes to repairs and utility bills, co-owners take on a range of financial responsibilities that need to be shared
Every month, we offer the same old warning/reminder ahead of the big jobs report–something to the effect of “no other economic report has as much power to cause volatility in rates, for better or worse.” Days like today are the reason for that reminder. Thankfully, it was the “better” end of the spectrum. Rates tend
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Americans shopping for a mortgage may want to hold tight for now. At its July 30 meeting, the Federal Reserve did not deliver a rate cut. The majority of members voted to leave the