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Mortgage News

The Most Comprehensive Source of Mortgage-Related News

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News for: CBS News
Showing 25 - 48 of 144 results
Mar 14, 2026 4:31 AM — Mortgage Rates
Why a mortgage rate lock before the March Fed meeting makes sense
Mortgage interest rates are slowly rising due to overseas conflicts, uneven unemployment, and inflation reports. The chances of a Federal Reserve interest rate cut are now close to 0% for March. Borrowers with good credit scores are advised to consider locking in today's lower rates before the Fed meeting to protect themselves from potential rate increases. Economic headwinds suggest that current ... more
Mar 14, 2026 4:31 AM — Mortgage Rates
What are today's mortgage interest rates: March 13, 2026?
In 2026, after a period of declining mortgage interest rates, the Federal Reserve has paused interest rate cuts. The average mortgage interest rate on a 30-year term is 6.12%, and on a 15-year purchase, it's 5.75%. Borrowers are advised to shop around to compare offers and consider options like refinancing into a 20-year mortgage or adding mortgage points to secure a rate that fits their budget.
Mar 10, 2026 7:31 AM — Mortgage Rates
Will mortgage rates fall after the March Fed meeting?
Heading into March, borrowers were monitoring the unemployment rate in February, the upcoming inflation reading in March, and the Federal Reserve's interest rate policy as key factors that could impact mortgage rates. The chances of a Fed rate cut appear low, leading to the expectation that mortgage rates will likely stay static following the March Fed meeting. However, as the year progresses and ... more
Mar 9, 2026 6:30 AM — Mortgage Rates
What are today's mortgage interest rates: March 9, 2026?
Mortgage interest rates have been fluctuating due to high inflation and interest rates, but have since improved. Currently, the average rate for a 30-year mortgage is 5.99% and 5.50% for a 15-year mortgage. Refinance rates have also decreased, with the average rate for a 30-year refinance at 6.34% and 5.39% for a 15-year option.
Mar 5, 2026 1:33 PM — Mortgage Rates
Iran war hits housing market as mortgage rates rise to 6% on inflation fears
Mortgage rates have increased to 6% amid concerns of inflation due to the war in Iran. The rise in rates could deter some buyers, even though they remain lower than a year ago. The increase is attributed to global oil prices rising, leading to inflation fears and higher bond yields. This could potentially impact the Federal Reserve's interest rate decisions and the broader lending environment.
Mar 4, 2026 7:30 AM — Mortgage Rates
What are today's mortgage interest rates: March 4, 2026?
In March, mortgage interest rates have remained relatively steady, but upcoming economic reports and the Federal Reserve's meeting in mid-March could change that. Despite current rates being affordable, borrowers with good credit scores may secure even lower rates. Homeowners may benefit from shopping around for refinance options with rates varying between 5.37% and 6.40% for different terms.
Mar 3, 2026 7:30 AM — Interest Rates
What are today's mortgage interest rates: March 3, 2026?
FreddieMac recently listed average mortgage interest rates under 6%, with some qualified borrowers being able to secure rates closer to 5%. Mortgage rates surged in 2023 but declined in 2024 and 2025. As of March 3, 2026, average rates for a 30-year mortgage are 5.87% and for a 15-year term are 5.37%. It is recommended for borrowers to shop around for lenders and rates online, especially with a po... more
Mar 2, 2026 9:35 AM — Interest Rates
What are today's mortgage interest rates: March 2, 2026?
Homebuyers and homeowners are eager to see what actions the Federal Reserve may take in their upcoming meeting in March, especially after interest rates were cut three times at the end of 2025. Mortgage interest rates have already dropped significantly in 2025, and some qualified borrowers can secure rates in the 5% range. It is advised to research and shop for rates now, as waiting for further ra... more
Feb 28, 2026 5:30 AM — Mortgage Rates
What are today's mortgage interest rates: February 27, 2026?
As of February 27, 2026, the average mortgage interest rate on a 30-year mortgage is 5.87% and 5.37% for a 15-year term. Refinance rates are at 6.47% for a 30-year mortgage and 5.64% for a 15-year option. Borrowers are advised to shop around online for the best rates, but those with higher credit scores will receive the most competitive offers.
Feb 28, 2026 4:31 AM — Mortgage Rates
Could mortgage interest rates ever be 3% again? 3 things to know this March
FreddieMac reported the average 30-year mortgage interest rate dropped below 6% for the first time since 2022, sparking borrower interest. While rates are still higher than the historic low of 3% from a few years ago, experts advise against waiting for such rates to return. Mortgage rates are influenced by various factors, and the current environment shows gradual improvement. It is unlikely that ... more
Feb 28, 2026 4:30 AM — Mortgage Rates
This simple tip can save you tens of thousands of dollars on your mortgage, experts say
Mortgage rates have fallen to their lowest levels in years, with the average rate for a 30-year mortgage dropping below 6%. Experts recommend shopping around for the best loan to potentially save tens of thousands of dollars, as rates can vary significantly between lenders. Despite expectations that rates will hover around 6% for the year, homebuyers can still find lower-cost loans as lenders comp... more
Feb 25, 2026 7:30 AM — Mortgage Rates
What's the mortgage interest rate forecast for March 2026?
Mortgage rates have fluctuated significantly in recent years, with rates reaching high points in October 2023 and then slowly decreasing due to Federal Reserve rate cuts, cooling inflation, and declining Treasury yields. Experts predict that mortgage rates will remain steady or slightly decrease in March 2026, with average rates nationwide sitting below 6%. The Federal Reserve meeting in March wil... more
Feb 19, 2026 6:30 PM — Mortgage Rates
Pandemic home mortgage rates are locked in but those rates are becoming less common, with other homes increasing their rates
Homeowners who acquired low mortgage rates are hesitant to sell their homes due to the increasing home mortgage rates. This has resulted in a decrease in inventory in the housing market. However, as mortgage rates are expected to drop this year, there may be an uptick in inventory. The National Association of Realtors predicts that just a 1% decrease in mortgage rates could add around 5.5 million ... more
Feb 19, 2026 6:31 AM — Mortgage Rates
What are today's mortgage interest rates: February 19, 2026?
As the spring home buying season approaches, borrowers are encouraged to start considering their mortgage rate options now, as rates are considerably lower than they were one year ago. Locking in a rate now could potentially avoid complications in the future due to increased competition and higher home prices. Refinance rates are also lower, presenting opportunities for current owners with high ra... more
Feb 14, 2026 4:30 AM — Mortgage Rates
What are today's mortgage interest rates: February 13, 2026?
The article discusses the recent changes in the economy, including a drop in unemployment and declining inflation. Mortgage interest rates are now near their lowest levels since 2022, with rates closer to 5% available for buyers and owners who shop around for lenders. This could be a stable time to explore mortgage options, as rates are competitive now. The average mortgage interest rates for a 30... more
Feb 12, 2026 7:30 AM — Mortgage Rates
What are today's mortgage interest rates: February 12, 2026?
Mortgage interest rates are impacted by various factors including the Federal Reserve, 10-year Treasury yield, unemployment rate, and inflation rate. Rates are currently low, with the average 30-year mortgage rate at 5.99% and the average refinance rate at 6.67%. Shopping for rates and lenders is recommended to potentially find better deals. Refinancing now could lead to substantial savings for th... more
Feb 11, 2026 11:30 AM — Mortgage Rates
How to get a mortgage interest rate close to 5% this February
In recent years, mortgage interest rates were high, hovering around 6% due to inflation and high interest rates. However, rates have dropped to 3-year lows in late 2025, potentially allowing qualified borrowers to secure rates close to 5% in February 2026. Options include adjustable-rate mortgages, purchasing mortgage points, and exploring 15-year mortgage terms.
Feb 9, 2026 9:32 AM — Mortgage Rates
What are today's mortgage interest rates: February 9, 2026?
February is a good time for homebuyers and owners to explore mortgage rate options as there are no major events affecting rates, inflation has remained stable, and rates have declined since 2025. Average rates for a 30-year mortgage are 5.99% and for a 15-year mortgage are 5.37%. Refinance rates are slightly higher but still competitive. With rates stable, buyers should shop around for the best ra... more
Feb 5, 2026 7:30 AM — Housing Market
Why now is a good time to start house-hunting
Home prices in the U.S. have been dropping for the past six months, making homes more affordable. Factors contributing to this include seasonal trends and weak demand from buyers due to labor market uncertainty and increased mortgage rates. Zillow expects 20 major housing markets to be more affordable in 2026 than they have been since 2020, with more homes listed for sale compared to the previous ... more
Feb 4, 2026 11:30 AM — Mortgage Rates
How much will a $500,000 mortgage cost monthly in 2026?
Mortgage interest rates declined in 2025 by more than a full percentage point, with rates now averaging under 5%. This makes 2026 a more affordable time to secure a mortgage, with a $500,000 mortgage costing between $2,995 and $4,085 monthly. Borrowers can also consider refinancing opportunities in the future to potentially secure even lower rates.
Feb 3, 2026 8:30 PM — Mortgage Rates
What are today's mortgage interest rates: February 3, 2026?
In February 2026, the average mortgage interest rate for a 30-year term is 5.99%, almost a full percentage point lower than in February 2025. The rates have remained stable recently, providing an opportunity for homebuyers and owners to secure lower rates. Refinancing options are also attractive with rates under 6% for both 30-year and 15-year terms.
Jan 31, 2026 4:31 AM — Mortgage Rates
Here's what happened to mortgage rates in January (and what could happen next)
In early 2026, mortgage interest rates have remained stable following three cuts by the Federal Reserve at the end of 2025, resulting in the lowest rates since 2022. Both purchase and refinance rates have stayed relatively constant throughout January, with minor decreases compared to the beginning of the month. The stability in rates is expected to continue into February, as no Fed rate cut is sch... more
Jan 21, 2026 12:30 PM — Mortgage Rates
Trump touts policies aimed at promoting homeownership in Davos speech
President Trump spoke at the World Economic Forum in Davos, Switzerland, where he announced plans to promote homeownership in the U.S. by pushing for lower mortgage rates, restricting institutional investors from buying single-family homes, and capping credit card costs. However, experts believe these measures may not fully address the rising home prices driven by various factors like supply short... more
Jan 19, 2026 9:33 AM — Tax Deductions for Homeowners
Are you a homeowner? Here are some of the tax deductions you might qualify for this tax season.
Homeowners in the U.S. are preparing to file their taxes and may wonder about deductions. The mortgage interest deduction remains one of the chief tax breaks for homeowners, but fewer people claim it since the Tax Cuts and Jobs Act. The standard deduction for 2025 is $15,750 for single filers and $31,500 for married couples. Changes this year include the expansion of the state and local tax (SALT)... more
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