Mortgage News
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May 25, 2025 3:00 AM
— Mortgage Rates
Mortgage and refinance interest rates today, May 24, 2025: A surprise move downward
Mortgage rates are slightly lower today after rising for three days. The average 30-year fixed rate is 6.94% while the 15-year fixed rate is 6.09%. Refinancing rates are higher than rates for buying a house. 30-year fixed rate mortgage has lower payments but higher interest costs in the long term, while the 15-year fixed rate has higher monthly payments but lower interest costs over the life of th... more
May 25, 2025 3:00 AM
— Mortgage Rates
Mortgage and refinance interest rates today, May 25, 2025: Rates remain volatile in light of mixed economic news
The article discusses how mortgage rates are mixed today, with the 30-year fixed rate at 6.91% and the 15-year fixed rate at 6.10%. It emphasizes the importance of having a target home loan interest rate in mind when buying a home, as well as the significance of balancing interest rates with lender fees to find the best overall loan package for the long term. The article also provides information ... more
May 24, 2025 4:00 AM
— Housing Market
No Major Change For Existing Home Sales
Existing home sales were at the highest levels in a year two months ago but have since declined to 5-month lows. The latest data shows a slight decrease to 6-month lows, with some regions seeing a decrease in sales while others remained unchanged or increased. Overall, housing inventory has increased, median prices have gone up, and the time on the market has decreased compared to the previous mon... more
May 24, 2025 3:03 AM
— Mortgage Finance
Nonbank Mortgage Banking Income Crumbles in 1Q25
The article discusses various aspects of mortgage lending and the housing market.
May 24, 2025 3:03 AM
— Mortgage Finance
Trump Says He Might End Conservatorship; Now What?
The article discusses the latest trends in the mortgage market. It mentions how mortgage rates have been fluctuating and how they are impacting the housing market. It also touches on the role of mortgage lenders in the current market conditions.
May 24, 2025 3:01 AM
— Bond Markets
A Little Early Excitement
Bonds initially reacted to Trump comments on raising EU tariffs, causing movements in the market. However, by the end of the day, stocks and bonds were moving back in the opposite direction, ending with modest gains. The day concluded with slightly weaker levels compared to the past 3 months.
May 24, 2025 3:01 AM
— Mortgage Rates
Mortgage Demand Impacted by Rising Rates
Mortgage rates rose to their highest levels since February last week, leading to a slowdown in both purchase and refinance applications. Despite the increase in rates, purchase applications are up 13 percent from the previous year. The Mortgage Bankers Association's surveyed rates also showed increases in various loan types.
May 24, 2025 3:01 AM
— Housing Market
New Home Sales at 3 Year High, Maybe...
The Census Bureau reported that New Home Sales for April exceeded expectations at 743k, marking one of the best months in the past 3 years. Sales are good or better than pre-pandemic levels. However, last month's numbers were revised lower, prompting caution for future assessments.
May 24, 2025 3:01 AM
— Mortgage Lending
What’s in the 2025 House Republican Tax Bill?
The article discusses the process of verifying human identity which can take a few seconds.
May 24, 2025 3:00 AM
— Mortgage Lending
Trump floats bringing Fannie Mae and Freddie Mac public. Here's what it could mean to homebuyers and investors.
President Trump has expressed interest in taking home lenders Fannie Mae and Freddie Mac public, which would end 17 years of federal control over the housing market. This move is supported by Bill Ackman and could benefit investors who hold shares in the firms. Critics argue that it could be risky and disrupt the mortgage market. The potential release of Fannie and Freddie from conservatorship has... more
May 23, 2025 1:00 PM
— Mortgage Finance
Trump Urged to be Deliberate With GSE Reform Effort
The article discusses recent developments in the mortgage market, including changes in interest rates and lender activity. It also mentions the impact of economic factors on the housing market.
May 23, 2025 12:02 PM
— Mortgage Lending
25 Passive Income Ideas To Make Extra Money In 2025
The article discusses the concept of passive income as a way to generate extra cash flow. Passive income sources include rental properties, businesses, e-books, selling photography, creating apps, and starting a blog or YouTube channel. It highlights the opportunities and risks associated with each passive income method.
May 23, 2025 11:00 AM
— Mortgage Lenders
Servicing With AI, Borrower Portal, 2nd Lien Products; Bill Pulte, Freddie, and Fannie News
The article discusses recent news about FHFA Director Bill Pulte and the implications of releasing Freddie Mac and Fannie Mae from conservatorship. It also mentions regulatory uncertainty, innovative financial products for homebuyers, and technology advancements in the mortgage industry.
May 23, 2025 10:01 AM
— Mortgage Rates
Mortgage Rates Lower Again Today, But Still Higher on The Week
The bond market closed 3 hours earlier than usual, limiting potential intraday rate changes in the mortgage market. Overnight, there was a slight improvement in rates, but they remained above 7%. While 7% rates are not new, they haven't been seen regularly in the past few months.
May 23, 2025 9:00 AM
— Mortgage Finance
Higher-Priced Lending Increases Somewhat in 2024
The article discusses the latest trends in the mortgage industry. It covers topics such as interest rates, mortgage rates, and housing market conditions.
May 23, 2025 9:00 AM
— Housing Market
New home sales unexpectedly surge despite high mortgage rates as builders lower prices
Sales of new US single-family homes surged in April, with a 10.9% increase, but February and March data was revised downward. Despite the surge, economists believe housing activity is weakening due to high mortgage rates and a slowing labor market. Prices have been lowered to attract buyers, with the median new house price dropping 2.0% to $407,200 in April. Mortgage rates have been rising, hittin... more
May 23, 2025 8:01 AM
— Trade Deal Impact on Mortgage Rates
Wait... So Tariffs Are Good or Bad For Bonds Now?
The article discusses Trump's recommendation of a 50% tariff on the EU, which caused a risk-off trade with stock and bond yields dropping. Despite some confusion regarding the impact of tariffs on bonds in the past, the reaction function has returned to a stance where higher tariffs are good for bonds and bad for stocks.
May 23, 2025 7:01 AM
— Mortgage Rates
Mortgage rates keep rising, influenced by DC developments
The 30-year fixed rate mortgage increased slightly but remains under 7%. Mortgage delinquencies rose in March. Economic news, political developments, and the FOMC meeting caused fluctuations in rates but ultimately they remained steady.
May 23, 2025 6:00 AM
— Mortgage Lenders
How US Mortgage Rates Change if Trump Takes Fannie Mae, Freddie Mac Public
President Donald Trump's plan to privatize mortgage giants Fannie Mae and Freddie Mac is seen as potentially increasing U.S. homeowners' monthly payments and disrupting the fragile housing market. Experts fear that privatization could lead to higher mortgage rates, impacting aspiring homebuyers and homeowners. While some see privatization as a way to inject much-needed cash into the government, ot... more
May 23, 2025 3:02 AM
— Mortgage Finance
MBS Values Under Pressure as U.S. Debt Fears Mount
The article discusses the latest trends and insights in the mortgage industry, focusing on market analysis and forecasts for the upcoming year. It covers topics such as mortgage rates, housing market conditions, and the impact of economic factors on mortgage lending.
May 23, 2025 3:01 AM
— Home Insurance Market
California Approves 17% Rate Hike for State Farm Homeowners Insurance
State Farm in California has been approved to raise homeowners insurance premiums by 17%, renters and condo insurance by 15%, and rental owners policies by 38%. The decision was made to stabilize State Farm's financial condition and help cover the costs of wildfires in the state. The rates will go into effect on renewals starting June 1. Although the increase was approved on an emergency, interim ... more
May 23, 2025 3:01 AM
— Housing Market
Home sales cancelled at near-record pace in April
Home sales transactions were cancelled at a near-record rate in April, likely due to uncertainty fueled by President Trump's tariff announcement. Pending sales of previously owned US homes fell last month by the most since 2022, attributed to high asking prices and borrowing costs. However, pending sales rose in March thanks to a dip in mortgage rates. Price cutting by home sellers in March was at... more
May 22, 2025 2:02 PM
— Bond Markets
Slightly Stronger Because Not Every Day Can be Weaker
Bond yields have been trending higher in May but experienced gains due to sellers taking a break. The gains were not driven by data or fiscal news, but possibly due to position-squaring before a holiday weekend. 10yr bond yields were down slightly in MBS.
May 22, 2025 2:02 PM
— Housing Market
April home sales slow with high mortgage rates, prices, putting chill into spring buying season
Sales of previously owned U.S. homes dropped in April due to elevated mortgage rates and rising prices, marking the slowest pace since 2009. Home prices continued to rise, reaching an all-time high in April. Affordability concerns due to higher mortgage rates have impacted the market, freezing out potential buyers. However, there has been an increase in home inventory, attracting more first-time b... 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.