My wife and I are in the process of selling an investment property, which will allow us to pay off the associated mortgage, our home mortgage, and leave us with another $100,000 in savings. As much as it would be great to be mortgage free, I’m wondering if we are doing the right thing repaying
Edwin Remsberg/Getty Images Mortgage rates edged down again on Wednesday, reaching a four-week low, as the market prepared for the latest Federal Open Market Committee (FOMC) at which the Federal Reserve opted to keep interest rates unchanged. The average rate on 30-year fixed home loans decreased to 6.81% for the week ending June 18, down
The named officials at the now-defunct lender include former chief financial officer Christopher Wright, former president and chief production officer Shea Pallante, and former chief credit officer Elliot Salzman. “Plaintiffs have had four opportunities over the course of more than two years to plead a viable case,” U.S. Magistrate Judge Lee Dunst wrote, noting that
Loan Type Purchase Refinance 30-Year Fixed 6.90% 7.08% FHA 30-Year Fixed 7.55% 7.44% VA 30-Year Fixed 6.60% 6.55% 20-Year Fixed 6.67% 6.98% 15-Year Fixed 5.93% 5.91% FHA 15-Year Fixed 6.76% 6.82% 10-Year Fixed 5.89% 6.18% 7/6 ARM 7.27% 7.27% 5/6 ARM 7.07% 6.87% Jumbo 30-Year Fixed 6.85% 6.91% Jumbo 15-Year Fixed 6.57% 6.57% Jumbo 7/6
Mortgage rates in the U.S. climbed once more on Friday with the national average 30-year fixed mortgage rate ticking up to 6.98%, according to new data from Zillow. This increase follows a week of gradual upticks, further tightening affordability for prospective buyers. Current mortgage rate averages As of June 20, 2025: 30-year fixed rate: 6.98%
Let us read it for you. Listen now. Your browser does not support the audio element. The average rate on a 30-year U.S. mortgage eased for the third week in a row, a welcome trend for prospective homebuyers at a time when elevated borrowing costs remain a drag on the housing market. The long-term rate
MORTGAGE lenders have been slashing rates, with two-year deals now at the lowest they’ve been in almost three years. The average two-year fixed mortgage currently has an interest rate of 5.12%, according to data from Moneyfacts. 1 Lenders have been cutting mortgage rates in the last week, but by smaller margins than beforeCredit: Alamy Rates
If you’re into high-yielding investments, then you probably know about mortgage REITs. But you should also know about preferred shares, baby bonds, and BDCs. We cover all of these investments, as well as equity REITs, inside The REIT Forum. These alternatives tend to perform much better than mortgage REIT common shares over long periods. That
The housing market has plenty going wrong these days: high interest rates, high home prices, and affordability challenges — especially for first-time buyers. Now add another wrinkle: President Donald Trump’s renewed push to re-privatize the giant government-owned housing-finance corporations, Fannie Mae and Freddie Mac. They were taken over by the federal government (placed into conservatorship)
‘Little urgency to cut rates’ The odds of a rate cut by the Federal Reserve have steadily dropped during the spring and are a virtual lock to remain unchanged this week. According to the CME Group’s FedWatch tool, 99.8% of interest rate traders think the Fed will leave benchmark rates at a range of 4.25%