Mortgage News
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May 18, 2025 5:01 AM
— Mortgage Rates
Mortgage and refinance interest rates today, May 18, 2025: Lower rates are encouraging for home buyers
Mortgage rates have decreased, with the average 30-year fixed interest rate at 6.77% and the 15-year fixed rate at 6.03%. Tips to secure a lower mortgage rate include applying for preapproval with multiple lenders, paying for discount points at closing, and considering different term lengths. Factors impacting rates include credit score, down payment, and debt-to-income ratio. Additionally, the ar... more
May 18, 2025 5:00 AM
— Mortgage Rates
Mortgage rates seen as stable. So why are homebuyers still hesitant?
Mortgage rates have risen slightly but remained below 7% for the 17th consecutive week. While rising inventory is attracting homebuyers, pending home sales have decreased year over year due to economic uncertainties and high costs. Buyers are hesitant due to concerns about tariffs, potential recession, and high monthly payments. Some are opting for condos or small houses to simplify their lives. T... more
May 17, 2025 11:00 AM
— Housing Market
Housing Starts Buoyed By Multi-Family Sector
The Census Bureau's monthly construction numbers for April showed an uptick in construction activity offset by slightly lower permitting. Housing starts were only slightly higher than the previous month, with single unit starts dropping and multifamily starts surging to the highest level since late 2023. Despite some gloomy metrics in the housing and mortgage market, the construction data remains ... more
May 17, 2025 6:00 AM
— Mortgage Finance
Refi Momentum Drives Up April Ginnie MBS Issuance
Inside Mortgage Finance Publications has updated its website design, content management system (CMS), hosting provider, and invested in web development.
May 17, 2025 5:03 AM
— Mortgage Lenders
Mortgage profits near break-even, but costs still climb
The mortgage industry's comeback was hindered by diminished loan volume and increased production costs, leading to unprofitable lending at nonbanks in the first quarter. Despite challenges, independent mortgage bankers made $443 on every loan originated in 2024. United Wholesale Mortgage had a successful first quarter, while a San Diego-based lender reported a net loss. Foreclosure rates rose afte... more
May 17, 2025 5:03 AM
— Economic Indicators
Coasting Into The Weekend With Little Regard For Data
Import Price data and high 1yr inflation expectations in the Consumer Sentiment survey have not had a significant impact on the market, with only a small reaction seen so far.
May 17, 2025 5:03 AM
— Mortgage Rates
Purchase Demand Moves Back Toward 2 Year High; Refis Hold Steady
According to the MBA mortgage application survey, home purchase demand improved last week, although the increase was modest. Refinance activity remains elevated but not as high as last Fall. Mortgage rates saw minimal changes, with a slight increase in the average 30yr fixed rate from the previous week.
May 17, 2025 5:03 AM
— Housing Market
Builder Confidence Near Post-Pandemic Lows, But Timing is Everything
The Housing Market Index (HMI) released by the NAHB and Wells Fargo shows that builder confidence has fallen to the lowest levels since 2023, mostly due to high interest rates and difficulty pricing new homes amid changing material costs due to tariffs. However, a recent US/China trade announcement reducing tariffs for 90 days is expected to improve the outlook for lower material costs and a more ... more
May 17, 2025 5:03 AM
— Mortgage Rates
Mortgage Rates End Week Only Slightly Higher After Decent Recovery
The average top tier 30yr fixed mortgage rate is ending the week slightly higher than last Friday at 6.92%, after hitting 6.99% on Wednesday. The bond market, responsible for mortgage rate changes, was weaker, but some lenders did not fully adjust rates to reflect gains. Rates improved slightly today, with some lenders increasing rates slightly, but overall still below yesterday's rates.
May 17, 2025 5:02 AM
— Bond Markets
Moody's Pulls Pin And Walks Away With 10 Minutes Left to Trade
Bonds started the day stronger, but began to sell off after an inflation expectations reading from 1981. Moody's downgraded the US credit rating near the end of the day, leading to some last-minute selling before the 5pm cut-off.
May 17, 2025 5:02 AM
— Mortgage Lenders
Virgin Money mortgage holders cry foul over owner Nationwide’s better deals
Some Virgin Money customers are upset that Nationwide borrowers are being offered better-value mortgage deals despite both being part of the same group since Nationwide acquired Virgin Money. There are differences in fees and interest rates between the two brands, with Virgin customers sometimes paying nearly £1,000 more for the same deal as Nationwide customers. Virgin Money customers cannot simp... more
May 17, 2025 5:02 AM
— Mortgage Rates
Mortgage rates have been volatile recently, and no one knows where they'll go next
The article discusses how tariffs can affect mortgage rates as markets anticipate the impact on economic growth and inflation. If the labor market weakens, mortgage rates may drop, but concerns about inflation could lead to rate hikes. It also covers different types of mortgages like the 30-year fixed-rate and 15-year fixed-rate options, as well as factors affecting mortgage rates such as Federal ... more
May 17, 2025 5:01 AM
— Interest Rates
Best high-yield savings interest rates today, May 17, 2025 (earn up to 4.44% APY)
The article discusses how savings interest rates have fallen due to the Federal Reserve cutting its target rate, but some banks are still offering high interest rates on savings accounts. It explains how much can be earned with different interest rates and compounding frequencies, as well as the benefits of high-yield savings accounts and CDs.
May 17, 2025 5:01 AM
— Mortgage Rates
Mortgage and refinance interest rates today, May 17, 2025: It's a good weekend to lock in your rate
Mortgage rates have decreased for two consecutive days, making it a good weekend to start shopping for homes and mortgage lenders. Locking in a mortgage rate is recommended in this volatile rate environment. The article discusses the current mortgage rates and refinance rates, as well as the pros and cons of different mortgage types like 30-year fixed, 15-year fixed, and adjustable-rate mortgages.... more
May 17, 2025 4:01 AM
— Mortgage Rates
Pulte wants Freddie AU savings passed on to consumers
Freddie Mac has made enhancements to its Loan Product Advisor automated underwriting system and is urging lenders to pass on the cost savings to consumers. The Federal Housing Finance Agency Director Bill Pulte has made various initiatives and changes, including a fee-based resolution for certain loan flaws and renaming the agency. Freddie Mac reported a slight drop in mortgage rates, but some mea... more
May 17, 2025 3:01 AM
— Home Equity Loans
Home Equity News: This Week's Roundup
HELOCs rose to over 8% this week, still near their lowest level in two years. The average $30,000 home equity loan remained unchanged. The national average for a 30-year fixed-rate mortgage increased to 6.88%. Multigenerational living is on the rise in the U.S. Prepaying your mortgage can help pay it off faster. Renting is favored over buying, especially for single individuals. The Federal Reserve... more
May 16, 2025 1:00 PM
— Mortgage Finance
Low LTV Ratios Protecting DSCR MBS Investors
The article discusses the latest trends and developments in the mortgage industry as of 2025, focusing on important factors such as rates, market conditions, and lending practices.
May 16, 2025 10:00 AM
— Housing Market
'Doubt and hesitation' are ripping through the housing market: 'People are starting their home search, then backing out'
Elevated home prices and mortgage rates are causing would-be home buyers to pull out of the market. Despite tariff reductions and stock market improvements, mortgage rates continue to rise, making it challenging for potential buyers. Real estate agents report that buyers are hesitant due to fears of an economic downturn. Those who are purchasing homes are seeking more affordable housing options, w... more
May 16, 2025 9:00 AM
— Mortgage Lenders
DSCR Sales, Processing, UAD 3.6, Homebuyer, LO Locking Tools; STRATMOR Tech Survey
The article mentions various topics related to the mortgage industry, including discussions on mortgage applications, budget moves in D.C., software, products, and services for lenders and brokers, appreciation towards brokers, and tools to help first-time homebuyers. It also touches on advancements in appraisal processes, buy now vs. wait calculator for homebuyers, and a company that offers end-t... more
May 16, 2025 7:01 AM
— Mortgage Rates
Today's Mortgage Rates | Rates Up as Hopes for Fed Cuts Shrink
Mortgage rates have been volatile due to unpredictable tariff rollouts and expectations of tariffs raising inflation. If tariffs cause inflation, the Fed may not lower rates, but if economic growth slows, rates may go down. Current rates are around 6.80% for 30-year mortgages and 6.10% for 15-year mortgages. Refinance rates are similar. Fed rate cuts are uncertain, and forecasts expect rates to ea... more
May 16, 2025 3:02 AM
— Student Loans
New House Bill Would Slash Student Loan Programs, Limit Forgiveness
Republicans in the House Committee on Education and the Workforce proposed significant changes to federal student aid programs, including eliminating some programs, implementing new loan limits, and simplifying repayment options. The legislation will increase borrowing costs for many students. The changes also affect graduate and professional students, with loan limits being prorated based on enro... more
May 16, 2025 3:01 AM
— Interest Rates
Federal debt isn't some abstract, distant problem, as mortgage borrowers may soon find out
The article discusses how government overspending and increasing government debt can impact bond returns and interest rates, including mortgage funding costs. It highlights the potential implications of the U.S. government defaulting on its debt and how it could affect Canadian interest rates and mortgage rates. The author emphasizes the need for fiscal responsibility and efficiency to address bud... more
May 16, 2025 3:00 AM
— Mortgage Rates
Mortgage and refinance interest rates today, May 16, 2025: Year-over-year rates have decreased
Mortgage rates have increased slightly this week according to Freddie Mac, with the 30-year fixed interest rate up to 6.81% and the 15-year fixed rate at 5.92%. Despite the increase, rates are still lower than they were last year. The article discusses types of mortgage rates, including fixed and adjustable, as well as the impact of rates on monthly payments and long-term costs. Mortgage refinance... more
May 15, 2025 3:00 PM
— Mortgage Lenders
United Wholesale Mortgage rolls out AI that calls you when time to refinance
United Wholesale Mortgage introduced an AI virtual loan officer assistant named Mia that can make outbound calls, take inbound calls, and handle complex questions in a conversational manner. The AI tool was created in partnership with Google and aims to help mortgage brokers reach out to clients about refinancing when mortgage rates drop. UWM CEO Mat Ishbia highlighted Mia's abilities at the compa... 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.