Mortgage News
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May 28, 2025 2:00 AM
— Housing Market
‘We’re in a holding pattern’: Home sales and building slump in the face of uncertainty
The housing market in the US is facing sluggish home sales, plodding construction, high mortgage rates, and economic uncertainty. Home prices are soaring, and construction has slowed down. Builders are struggling with pricing uncertainties due to tariffs on Canadian lumber. Many buyers are unable to afford homes due to rising prices and high mortgage rates, resulting in pent-up demand. Despite thi... more
May 28, 2025 2:00 AM
— Mortgage Lending
Monetary policy transmission: from mortgage rates to consumption
Despite recent ECB rate cuts, the average interest rate on mortgages is expected to increase further due to lagged effects from the latest hiking cycle. The uneven distribution of fixed-rate mortgages (FRMs) and adjustable-rate mortgages (ARMs) in the euro area, as well as across income groups, will shape the path of interest payments until at least 2030. Lower-income households tend to have more ... more
May 27, 2025 4:00 PM
— Housing Market
Trump: I’m taking Fannie and Freddie ‘public’ with implicit guarantee
President Trump is considering releasing Fannie Mae and Freddie Mac from government conservatorship and taking them public. There are concerns about the complexity and potential costs of this decision. It is also noted that Fannie Mae will prioritize occupancy fraud detection for multifamily properties.
May 27, 2025 3:01 PM
— Bond Markets
Bonds Finally Seeing Some Support
Japanese bonds, weak labor market data, and re-positioning after a holiday weekend contributed to bonds hitting their best 3pm close in 2 weeks. The heavy selling in May and recovery from high yields suggests a short-term ceiling until further notice. The upcoming week's data will provide more information on momentum shifts.
May 27, 2025 2:01 PM
— Mortgage Rates
Mortgage Rates Move Back Under 7%
30yr fixed mortgage rates spent 3 consecutive days over 7% last week, marking the first time since February. Rates have been more volatile and elevated in the past 7 weeks compared to the narrow range in March. Today's improvement was influenced by bond market movements and a stronger than expected Consumer Confidence Index, which raised concerns over the labor market.
May 27, 2025 1:00 PM
— Interest Rates
US housing finance chief tells Powell to lower interest rates
FHFA Director William Pulte urged Federal Reserve Chair Jerome Powell to resume interest rate cuts to improve the housing market and combat inflation caused by trade wars and tariffs. The Fed paused rate cuts in response to post-pandemic inflation and economic uncertainty from trade policies, leading to consumer financing becoming more expensive, including mortgage rates remaining around 7 percent... more
May 27, 2025 9:02 AM
— Mortgage Finance
Denial Rates for Mortgages Decline in 2024
The article discusses the current trends in the housing market, including an increase in mortgage rates and a slowdown in home sales. It also mentions the impact of rising interest rates on affordability for potential home buyers.
May 27, 2025 9:00 AM
— Bond Markets
Japan? Something Else? Does it Matter?
Last week's headlines raised concerns about volatility in the Japanese bond market affecting US yields, but today's correction in Japanese yields has led to strength in Treasuries. The movement in Treasuries is not significant compared to recent trends. Overall, the larger movements in Japanese government bonds have shown no correlation with Treasuries. The impact of Japan on US yields should be t... more
May 27, 2025 8:00 AM
— Mortgage Lenders
Servicing, MERS Review, Broker Training; Disaster News; Bill Dallas Podcast Interview
The current Administration has been quick to terminate employees in various government departments, including the Agencies. The Supreme Court upheld the President's power to fire government agency members without good cause but spared the Federal Reserve. In other legal news, a Hawaiian woman pleaded guilty to defrauding her mortgage lender and the IRS.
May 27, 2025 3:01 AM
— Mortgage Lenders
Guild Mortgage, Bayview Asset explore servicing M&A
Publicly traded lender Guild Mortgage, Bayview Asset Management, and a servicing-related affiliate are in talks about a potential deal. Mortgage servicing rights owners are facing additional stress due to the shrinking size of typical bulk MSR deals trading. Guild Mortgage reported a net loss in the January-March period. Fitch predicts that large nonbank lenders are positioned to gain share in the... more
May 27, 2025 3:00 AM
— Mortgage Rates
Mortgage and refinance interest rates today, May 27, 2025: Mostly unchanged following the holiday weekend
The article discusses that mortgage interest rates remained mostly unchanged today. It provides information on the current mortgage rates, the difference between 15-year and 30-year mortgages, refinancing rates, adjustable-rate mortgages, future mortgage rate predictions through 2025, and factors to consider when refinancing. It concludes by discussing the anticipated decrease in mortgage rates by... more
May 26, 2025 7:00 PM
— Interest Rates
FHFA Director Pulte calls on Powell to lower interest rates
FHFA Director Bill Pulte has called on Federal Reserve Chairman Jerome Powell to lower interest rates to improve the housing market. This comes after the Supreme Court ruled that Trump cannot fire the head of the Federal Reserve. The housing market, white house, and treasury secretary are all pushing for lower rates.
May 26, 2025 1:00 PM
— Interest Rates
What Moody's Cutting U.S. Credit Rating Means For You
Moody's Corp. lowered America's sovereign debt rating to Aa1 due to factors such as high debt, rising interest costs, looming tax cuts, and political gridlock. This downgrade could lead to higher borrowing costs, as seen with increased Treasury yields and a rise in average 30-year fixed mortgage rates. The downgrade also impacted bond prices, stock markets, and raised fears of de-dollarization. Wh... more
May 26, 2025 1:00 PM
— Mortgage Lending
‘It’s time to pay the fiddler’: As chill sets in on Florida’s once-hot housing market, sellers are now getting squeezed — but here’s why it’s no buyer’s paradise either
The article discusses how a website is using a security service to protect itself from online attacks, and explains that certain actions could trigger a block, such as submitting a certain word or phrase, a SQL command, or malformed data. It advises users to email the site owner with details if they believe they were wrongly blocked.
May 26, 2025 12:00 PM
— Mortgage Rates
Mortgage rates are battling a weak economy and persistent inflation, and inflation may be winning
The article discusses the importance of asking the right questions before signing a mortgage, particularly related to credit scores. It also touches on the sustainability of mortgage rates at 7% and the benefits of life insurance for financial security.
May 26, 2025 6:01 AM
— Housing Market
How President Trump can monetize the GSEs
During the MBA Secondary & Capital Markets event, FHFA Director Bill Pulte mentioned that he believed valuations for Fannie Mae and Freddie Mac were too low and releasing the GSEs from conservatorship is a decision for the President of the United States.
May 26, 2025 3:04 AM
— Mortgage Finance
Bayview Approaches Guild, Takes Large Stake in Lender
The article discusses the latest trends and developments in the mortgage industry as of 2025.
May 26, 2025 3:00 AM
— Housing Market
Home Sale Cancellations Surge to Near Record Highs
In April, one in seven home sales fell through, marking a high rate of cancellations due to high mortgage rates and economic uncertainty. Many homes are sitting idle on the market as buyers struggle to afford purchases or are cautious in the unpredictable economy. Mortgage rates are at 6.73%, more than double the pandemic record low, and are expected to remain high in the coming years. Cancelation... more
May 26, 2025 3:00 AM
— Housing Market
Mortgage rates survive budget bond scare, but end the week higher
Last week saw some fluctuations in mortgage rates and bond yields due to concerns over the national debt, but rates ended lower after President Trump's tweets caused a stock market sell-off. Mortgage rates increased slightly, but mortgage spreads have been improving since 2023. Purchase application data for 2025 has been positive, and pending home sales remain steady despite elevated rates. Housin... more
May 26, 2025 3:00 AM
— Mortgage Rates
Mortgage and refinance interest rates today, May 26, 2025: Slight changes as bond market on holiday
The article discusses the current mortgage interest rates for Memorial Day 2025, noting that the 30-year fixed mortgage rate fell slightly while the 15-year fixed interest rate increased. It also mentions how rates are affected by the bond market's closure during the holiday weekend and how concerns about tariffs and national debt influence bond yields.
May 26, 2025 1:00 AM
— Housing Market
Housing may soon flash a recession warning as investment cracks under the weight of high rates
Analysts are warning of a potential recession as housing activity is set to contract in the second quarter after only weak advancement in the first quarter. The rise in longer-term Treasury yields and mortgage rates around 7% are expected to weigh on residential investment and the broader economy. Data shows a decline in permits for single-family home construction, an increase in home supply, and ... more
May 25, 2025 2:00 PM
— Mortgage Rates
Home sales slowest in over a dozen years
Sales of previously owned U.S. homes fell in April due to elevated mortgage rates and rising prices, marking the slowest sales pace for the month of April since 2009. Home prices continued to increase, reaching an all-time high. The average rate on a 30-year mortgage remains high, freezing out potential homebuyers. However, there is a higher inventory of unsold homes on the market compared to rece... more
May 25, 2025 1:00 PM
— Interest Rates
Best high-yield savings interest rates today, May 25, 2025 (best accounts offering 4.44% APY)
The Federal Reserve cut its target rate three times in late 2024, leading to a decrease in savings interest rates. The national average savings rate is currently 0.42%, with the highest rate available being 4.44% APY. The article discusses how the amount of interest earned on savings depends on the APY and the compounding frequency. It also provides information on high-yield savings accounts, CD r... more
May 25, 2025 5:00 AM
— Interest Rates
30-Year & 20-Year Treasury Yields Back over 5%, 10-Year over 4.5%, Yield Curve Steepens at Long End, Mortgage Rates Back over 7%
The article discusses the rise in Treasury yields, the impact on bond prices, the current mortgage rates, and the factors affecting the bond market. It highlights the increase in 30-year fixed mortgage rates above 7% for the last few days and how these rates have fluctuated over the years. It also touches on the concerns around rising inflation, the actions of the Fed, and the growing deficit, all... more
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The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 600 lenders. Mortgage-Rates.ai does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@mortgage-rates.ai
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 600 lenders. Mortgage-Rates.ai does not receive compensation for listing these rates, and all rates are presented as published by the respective lenders. While every effort is made to ensure accuracy, the information may contain errors or omissions. Mortgage rates are highly dependent on an individual’s financial circumstances, credit profile, loan terms, and other factors. As such, the rates you are quoted directly by a lender may differ materially from the rates displayed here.
Users should contact lenders directly to obtain formal, binding loan offers. If you identify any discrepancies in the data or would like to have your institution’s rates included, please contact us at content@mortgage-rates.ai
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.