Mortgage Rates End Week Slightly Lower
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A rise in mortgage interest rates has led to a decline in people applying for home loans and homeowners refinancing.
Analysts believe a modest drop in mortgage rates could prove to be a "magic bullet" for the U.S. housing market.
Having no mortgage used to be the gold standard for the American Dream—quiet proof that you "made it." No bank note. No monthly payments. Just you and your paid-off house. But with nearly 40% of U.S.
The Federal Reserve has stayed the course, stalling rate cuts as they wait to see the impact of President Donald Trump’s Tariffs. Vivian Gueler, CFO of Pacific Trust Group, spoke about mortgage rate expectations for the coming year.
Mortgage rates dropping to 6% would allow for over 5 million more households to afford a home, according to the National Association of Realtors.
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The wait for a more affordable housing market is only getting longer as lingering inflation and tariff uncertainties keep the Fed in monitor mode.
A group of Democratic senators are probing the FHFA director's plan to allow Fannie and Freddie to count crypto as an asset when assessing mortgage risk.
A massive financial divide is splitting many Americans, and it comes down to when you locked in your mortgage rate. People who bought homes or refinanced before 2021 often have far better monthly payments, while today's buyers face borrowing costs that can be $1,000 or more per month higher for the same homes.
‘I finally paid off my student loans’: I’m moving to the U.K. Should I invest my $30K savings or pay down my mortgage?