mortgage

Takeaway: Core CPI inflation came in at 2.6% year over year, much lower than consensus expectations of 3.0%. That’s the largest difference between expectations and reported CPI in recent memory. Rates will fall ever so slightly, but not nearly as much as they normally would given the seismic miss because the data are heavily distorted

Takeaway: Rates will remain mostly steady after the Fed executed the already priced-in 25 bps cut and painted a muddy picture in their projection for future rate cuts. Rates fell initially when the Fed’s statement was released, as the projection showed two more 25 bps rate cuts for the two remaining meetings in 2025—one more

Mortgage rates will fall today following a weaker-than-expected jobs report that increases the odds of a September rate cut. U.S. employers added 73,000 jobs in July, fewer than the roughly 100,000 expected by forecasters. Almost all of the job creation previously reported for May and June was revised away and the unemployment rate ticked up

The difference between mortgage rates and the 10-year treasury yield has narrowed, signaling a potential boost for homebuyers. A decrease in the mortgage spread can cause mortgage rates to fall, even without the Fed cutting interest rates.  The gap between 10-year treasury yields and mortgage rates (known as the mortgage spread) has dropped to its

A late-summer window of opportunity with relatively low mortgage rates is upon us, but it may be short-lived.  Late August is typically a slow time for housing activity, with people on vacation and preparing kids to return to school. With mortgage rates now falling on news coming out of a Fed meeting in Jackson Hole

The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February. Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when President Donald Trump’s new tariffs on dozens of countries went into effect.

Navigation for News Categories Consumer credit defaults have increased by 42 percent on the year earlier. Photo: RNZ / Michelle Tiang The number of people falling behind in mortgage payments has hit levels not seen since 2017, according to credit agency Centrix. Its January credit report indicates mortgage arrears were at an eight-year high, with

Freddie Mac Mortgage Rates—April 10, 2025 What happened to mortgage rates this week The Freddie Mac rate for a 30-year loan moved mostly sideways this week, dropping just 2 basis points, to 6.62%, as markets reacted to the ever-changing news around tariffs. The 10-year Treasury dipped below 4% last week as investors fled the stock