Mortgage News
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Aug 7, 2025 4:23 AM
— Interest Rates
What the interest rates cut means for mortgages, pensions and savings
The Bank of England has cut the UK interest rate to 4%, the lowest level since March 2023. This move affects mortgage rates, savings rates, and inflation. Lower interest rates mean cheaper borrowing but also lower returns on savings. The Bank aims to balance inflation with economic growth and employment concerns. While inflation is expected to reach 4% in September, some pensioners could benefit f... more
Aug 7, 2025 3:23 AM
— Mortgage Rates
Mortgage and refinance interest rates today, August 7, 2025: Lowest rate since April
The article discusses the current 30-year fixed mortgage rate, which is at 6.48%, as well as other available rates for different mortgage types. It mentions that mortgage applications are up by 3.1%, indicating an increase in home buyers due to the dropping rates. The article also delves into fixed-rate and adjustable-rate mortgages, factors influencing mortgage rates, and the impact of the econom... more
Aug 7, 2025 2:23 AM
— Interest Rates
Bank of England expected to cut interest rates - live updates
The Bank of England has cut interest rates from 4.25% to 4%, leading to lower borrowing costs but reduced returns for savers. Mortgage rates may slightly decrease, particularly for those with tracker mortgages, while fixed deal holders won't see a change. The decision also impacts savings rates, with average rates dropping. The gradual rate cuts aim to balance inflation concerns with economic grow... more
Aug 6, 2025 11:23 PM
— Interest Rates
UK interest rates cut to 4% in tight decision
The Bank of England has cut interest rates to 4%, the lowest level in more than two years, to address concerns about the struggling economy and rising inflation. Some homeowners will benefit from lower mortgage costs, while savings returns may decrease. Policymakers are split on the decision to cut rates, with further cuts expected to be gradual and cautious. Businesses are reporting cost increase... more
Aug 6, 2025 2:31 PM
— Mortgage Rates
Why 6% mortgage rates will reignite the housing market
Mortgage rates have reached a year-to-date low of 6.57%, prompting a discussion on whether rates need to drop to 6% to attract more homebuyers. The significance of the 6% threshold is highlighted in relation to housing inventory growth, single-family construction, purchase apps, and new listings.
Aug 6, 2025 2:24 PM
— Treasury Rates
More Ground-Holding Despite Weird Intraday Spike
There was some unexpected movement in the bond market mid-day as yields shot up 3bps in minutes, but later, the market stabilized and erased the weakness. No solid explanations were provided for the sudden occurrence, which is common in the market. Overall, 10yr Treasury rates remained relatively unchanged throughout the day.
Aug 6, 2025 1:24 PM
— Home Equity Loans and HELOCs
HELOC rates plunge to lowest level since May; home equity loans hold steady
HELOC rates have dropped significantly, while home equity loan rates remain unchanged. Experts suggest now is a good time to tap into home equity for cost savings on interest. Rates for these loans are influenced by lender competition and Federal Reserve actions.
Aug 6, 2025 12:24 PM
— Mortgage Rates
Mortgage Rates Steadily Holding Longer-Term Lows
Mortgage rates remained stable today despite some potential volatility in the bond market. The rates stayed the same as yesterday, matching their lowest level since October 4th, 2024. More significant improvements in rates would require multiple negative economic reports and lower inflation readings over several weeks.
Aug 6, 2025 11:23 AM
— Interest Rates
Best high-yield savings rates today – August 6, 2025
Currently, the best high-yield savings accounts are offering rates as high as 4.35 percent APY, far surpassing the national average of 0.57 percent APY. The rates on savings accounts tend to fluctuate based on the Federal Reserve's benchmark rate changes. It's important to choose a bank insured by the FDIC or NCUA, and to regularly compare rates to ensure you're earning a competitive rate.
Aug 6, 2025 9:25 AM
— Mortgage Finance
Refi Business Perks Up With Brief Decline in Interest Rates
The article focuses on website design, content management systems, hosting, and web development in the mortgage industry.
Aug 6, 2025 9:23 AM
— Mortgage Rates
Mortgage and refinance interest rates today, August 6, 2025: Rates should stay flat this summer
The article discusses the current state of mortgage interest rates, providing information on rates for various types of mortgages and highlighting the pros and cons of 30-year fixed, 15-year fixed, and adjustable-rate mortgages. It also suggests that mortgage rates are unlikely to drastically decrease anytime soon and provides tips on securing low mortgage refinance rates.
Aug 6, 2025 9:23 AM
— Mortgage Lenders
DPA, HELOC, Document, Non-QM, Pooling Products; Conf. Conventional Changes
The mortgage industry is seeing an increase in refinancing applications, with Joel Kan reporting that the refinance share of mortgage activity is at 41.5% and the adjustable-rate mortgage (ARM) share is at 8.5%. Companies like Total Expert, PlainsCapital Bank National Warehouse Lending, Carrington Mortgage Services, Docutech, Homebridge, Symmetry Lending, and Down Payment Resource offer various se... more
Aug 6, 2025 8:23 AM
— Mortgage Finance
Market Share of Adjustable vs. Fixed Rate Mortgages
The article discusses the current trends in the housing market, highlighting a rise in mortgage rates. It mentions that the increase in rates is impacting the affordability of homes and may slow down the buying frenzy that has been seen in recent years.
Aug 6, 2025 8:23 AM
— Bond Markets
Super Calm Post-NFP Week Continues
This week has been unusually calm in trading following the release of the jobs report. The market hasn't seen much movement or relevant data, with the only possible event being the 10-year Treasury auction. The outcome of the auction could provide insight into the market's sentiment and intentions.
Aug 6, 2025 8:23 AM
— Mortgage Lending
Mortgage Applications Today: Home Loans Surge as Borrowers Take Advantage of Lower Rates
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Aug 6, 2025 8:15 AM
— Housing Market
Rate drops offer reprieve for mortgage applications
Mortgage applications rebounded this week due to a drop in mortgage rates, leading to an increase in purchases and refinancing. Americans currently hold a record $34.5T in home equity, resulting in a surge in home equity loans as lenders aim to take advantage of increasing property values.
Aug 5, 2025 3:23 PM
— Mortgage Rates
US mortgage rates hit lowest levels of 2025
Mortgage rates have hit the lowest levels of the year, but they are still higher than before the pandemic. The latest average rate on a 30-year mortgage dropped to a 10-month low of 6.57% following a jobs report indicating a slowing of new jobs. Despite Fed rates remaining unchanged, mortgage rates in Utah are predicted to fluctuate between six and seven percent. Many mortgage borrowers in Utah ha... more
Aug 5, 2025 2:24 PM
— Mortgage Rates
Mortgage Rates Hit 4-Month Low After Sharp 2-Day Decline
Rates on new 30-year mortgages fell for a second day, reaching their lowest level since early April at 6.73%. Rates on 15-year mortgages also decreased significantly, while jumbo 30-year rates slightly increased. Freddie Mac's weekly average differs slightly from other averages due to methodology differences. Mortgage rates are influenced by multiple factors, including macroeconomic conditions and... more
Aug 5, 2025 2:23 PM
— Bond Markets
Bonds Hold Steady After Modest Data-Driven Rally
The ISM Services data was a mixed blessing for bonds, with an uptick in the inflation component but all other components suggesting a mild economic deceleration. Bonds ended the day closer to unchanged levels, with MBS outperforming due to heavy auction supply for Treasuries. Overnight and after the ISM data, 10yr was up slightly at 4.215, while MBS were down a bit. There was no major reaction to ... more
Aug 5, 2025 1:25 PM
— Mortgage Lenders
Home equity surges and lenders smell opportunity
Americans are sitting on a record $34.5 trillion in home equity due to rising home prices and mortgage rates keeping owners in place. Lenders are eager to capitalize on this equity. Finance of America announced buying out Blackstone's equity stake in a mortgage lender for $80 million. GSE loans acquired have higher loan-to-value and debt-to-income ratios and lower credit scores, increasing serious... more
Aug 5, 2025 1:23 PM
— Housing Market
Here's How Much Mortgage Rates Have to Drop to Make Housing Affordable
Some housing markets, especially in big cities like New York, Los Angeles, and Miami, would still be unaffordable even if mortgage rates plummeted to 0%. On the other hand, areas like Pittsburgh, Birmingham, and Detroit have lower home prices, making housing affordable even if rates climbed significantly above the current average of 6.72%.
Aug 5, 2025 1:23 PM
— Mortgage Rates
As mortgage rates plunge dramatically, Taylor Swift and Travis Kelce go house hunting - Hindustan Times
Mortgage rates have dropped sharply to a 10-month low, creating a window of opportunity for house hunters to buy before summer ends. This decrease in rates is attributed to investors flocking to the 10-year Treasury note, lowering its yield and subsequently lowering mortgage rates. Taylor Swift and Travis Kelce were seen house hunting in Cleveland during this time.
Aug 5, 2025 12:23 PM
— Housing Market
Non-QM, Housing Trend, Servicing Tools; Building a Framework; MAA News and MBA Chair Interview
The article discusses various topics related to mortgages such as the aging housing stock in the US, challenges in new home construction, technology for mortgage servicing, upcoming webinars on the mortgage market trends, compliance risks in pre-approval processes, and tips for loan officers to succeed in a competitive market.
Aug 5, 2025 12:23 PM
— Mortgage Rates
Mortgage Rates Holding at 10 Month Lows
The average 30yr fixed rate fell back to early October 2024 levels due to rates being in a stable range close to 10 month lows. The recent drop in mortgage rates was in reaction to last week's jobs report with minimal change in the bond market this week.
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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.