On an unadjusted basis, the index decreased 5% compared with the previous week. The refinance index also decreased 5% from the previous week and was 27% higher than the same week one year ago. The refinance share of mortgage activity increased to 36.6% of total applications from 36.4% the previous week. The adjustable-rate mortgage (ARM)
Homebuyers in today’s market are facing a tough question: buy a house now, or wait until mortgage rates and prices maybe come down? If you buy now, you can start putting money into owning what, for most people, is their biggest asset, but you could be stuck paying a high monthly mortgage rate. On the
Founded in 2012, online lender Longbridge Financial is the third-largest provider of reverse mortgages in the U.S. As of February 2025, it’s approved more than $94 million in loans. Longbridge stands out for its lower rates and robust digital presence, which includes a reverse mortgage calculator and an easy-to-use servicing portal. Longbridge is a particularly
SMBC chief economist Joe LaVorgna discusses the politics behind Moody’s cutting America’s credit rating on ‘Making Money.’ JPMorgan Chase CEO Jamie Dimon on Monday criticized financial regulators for not easing rules that are raising costs for borrowers buying a home that he says are unnecessary. Dimon was speaking at JPMorgan Chase’s annual investor day, which
Mortgage rates edged slightly lower on Tuesday, May 20, 2025, with the average 30-year fixed rate now at 7.03%, according to Zillow. That’s a decrease of 2 basis points from the previous day, but still slightly above last week’s average of 7.01%. The national average for a 15-year fixed mortgage rose to 6.13%, while 5-year
Couple managed to pay off their massive mortgage in less than a decade after discovering how much they would pay in interest over 25 years It is possible to pay off your mortgage in under 10 years according to one couple(Image: undefined via Getty Images) Many Brits are now sidestepping the exorbitant interest payments charged
Sherman Associates has secured a $49.5 million bridge loan to refinance a newly-built multifamily community in Minneapolis, Commercial Observer has learned. Dwight Mortgage Trust (DMT) supplied the loan for the Minneapolis developer’s Moment Apartments project that opened in late 2023. Loan proceeds will be used to retire existing debt, fund reserves and cover transaction-related costs,
Key Takeaways Mortgage rates just barely edged higher this week, holding onto much of a substantial decline from a mid-April surge triggered by President Trump’s tariff moves. Rates on new 30-year fixed-rate loans were 13 points lower Friday than five weeks ago, sitting now at a 7.01% average. 15-year rates have fallen even further since
A&D Mortgage, an issuer of Non-QM residential mortgage-backed securities, has closed its second securitization this year, along with Atlas Merchant Capital and Imperial Fund. The $426.67 million transaction marks the 25th issued with A&D-originated collateral and is the 16th to feature collateral originated and serviced by A&D under the Imperial Fund Asset Management platform. A&D
Mortgage rates continued to fluctuate on Monday, May 19, 2025, with the national average for a 30-year fixed mortgage rising to 7.05%, according to Zillow. This marks a slight increase from 7.03% the previous day and a 4 basis point jump from last week’s average of 7.01%. Meanwhile, the average 15-year fixed mortgage rate edged