Age plays a clear role in the cost of mortgage payments. Homeowners aged 30 to 44 pay the most, with the median monthly mortgage of $1,650, according to the Federal Reserve. That likely reflects peak homebuying years, larger households, and perhaps more recent purchases at higher prices and rates. Payments are slightly lower for those
See the most expensive homes sold in the Des Moines metro in 2024 A look at the most expensive homes sold in Polk, Dallas, and Warren counties. Home mortgage interest rates are unlikely to drop anytime soon, despite comments by the Chicago Federal Reserve CEO during a recent Des Moines visit that rates could drop
Mortgage rates ticked up slightly on Tuesday, with Zillow reporting the national average for a 30-year fixed mortgage now at 6.94%. The shift marks a one basis point increase from last week’s average of 6.93%. For homebuyers and refinancers, even a small change can impact long-term affordability. Here’s a breakdown of today’s key mortgage rate
Key Takeaways After surging in mid-May amid congressional debate over President Trump’s proposed tax bill, 30-year mortgage rates have reversed course over the past three weeks. New 30-year fixed-rate loans now average 6.91%, down 21 basis points from May 23. Other popular loan types also dropped: 15-year rates fell 14 basis points, and jumbo 30-year
Loan Type New Purchase Rates Daily Change 30-Year Fixed 6.91% +0.04 FHA 30-Year Fixed 6.98% +0.03 VA 30-Year Fixed 6.62% +0.06 20-Year Fixed 6.66% +0.07 15-Year Fixed 5.96% +0.05 FHA 15-Year Fixed 6.82% +0.01 10-Year Fixed 6.00% -0.01 7/6 ARM 7.28% +0.02 5/6 ARM 7.11% -0.02 Jumbo 30-Year Fixed 6.90% +0.06 Jumbo 15-Year Fixed 6.67%
Financing Proceeds Plus $75 Million of Cash on Hand Will Be Used to Repay $1.235 Billion of Floating Rate Mortgage Debt NEWTON, Mass., June 16, 2025–(BUSINESS WIRE)–Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that it has priced $1.16 billion of five-year, interest-only fixed rate mortgage financing. The new financing is secured by a portfolio
00:00 Speaker A Well, mortgage rates hold steady for another week. Affordability does remain remain a pain point in the housing market. Our next guests point into a mixed picture in leading indicators for demand. That’s Jim Egan, Morgan Stanley US Housing strategist and co-head of securitized Products research. Jim’s here with me in the
The average interest rate for a 30-year fixed mortgage edged up to 6.94% on Monday, a slight increase of one basis point from both the previous day and last week. This minor fluctuation comes as potential homebuyers and those considering a refinance closely watch for clearer signals from the economy. Meanwhile, other popular loan types
Mortgage rates presented a mixed picture for prospective homebuyers and those considering a refinance on Friday. While the benchmark 30-year fixed-rate mortgage held relatively steady, other popular loan types saw slight shifts, reflecting the ongoing push and pull of economic crosscurrents. The average 30-year fixed mortgage rate is currently hovering around 6.88%, a marginal decrease
United Wholesale Mortgage is bringing back a conventional purchase mortgage in which the borrower only has to come up with a 1% down payment. A previous version of the product was last offered in May 2024. With this iteration, the mortgage is available up to the conforming loan limit for buyers at or below 80%