Mortgage News
The Most Comprehensive Source of Mortgage-Related News
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News for: CBS News
Showing 97 - 120 of 144 results
Nov 1, 2025 4:05 AM
— Mortgage Rates
3 expensive mortgage rate mistakes homebuyers should avoid this November
Despite two Federal Reserve rate cuts this fall, mortgage rates increased in late October, leaving buyers frustrated. The average 30-year fixed mortgage rate is now above 6.4%, significantly higher than just two weeks ago. Homebuyers are warned against making mistakes that could cost them money and hassle over the life of their mortgage loan, such as waiting for rates to drop further, failing to l... more
Oct 30, 2025 1:08 PM
— Mortgage Rates
Mortgage rates are the lowest they've been since 2022. Here's how to get one even lower now.
Mortgage interest rates have been declining in 2025, with rates moving back to a three-year low of 6.13%. Buyers can pursue strategies like buying mortgage points to get lower rates, considering adjustable-rate mortgages (ARMs), or making a large down payment to secure a rate under 6%. It's important to take advantage of the current lower rates now, as they can change daily.
Oct 29, 2025 7:05 AM
— Mortgage Rates
Mortgage rates are back to a 3-year low. Should you lock one in now?
Mortgage interest rates have been fluctuating, dropping to a three-year low in September before rising slightly and then dropping again. It is recommended for homebuyers to lock in a low rate now to avoid potential future rate hikes and benefit from potential float-down options from lenders. This will provide stability for budgeting and house hunting, potentially putting buyers ahead of the compet... more
Oct 27, 2025 6:58 AM
— Interest Rates
Will mortgage interest rates drop after this week's Fed meeting?
The Federal Reserve is expected to cut interest rates in their upcoming meeting. While this is good news for borrowers, including homebuyers facing historically high mortgage rates, the impact on mortgage interest rates isn't always immediate or directly proportional to the Fed's rate cut. Lenders may preemptively lower rates or have already factored in the expected cut. Borrowers are advised to k... more
Oct 27, 2025 2:01 AM
— Interest Rates
Federal Reserve meets Wednesday for interest rate decision. Here's what economists predict.
The Federal Reserve is likely to cut its benchmark rate by 0.25 percentage points in response to the softer inflation rate, which came in cooler than expected at 3%. This would be the second rate cut of the year and is anticipated to help boost the labor market and support the economy. Mortgage rates have already dropped ahead of the decision, with the average 30-year fixed-rate mortgage reaching ... more
Oct 25, 2025 3:23 AM
— Mortgage Rates
Everything to know about mortgage interest rates before the October Fed meeting
Mortgage interest rates are currently impacted by various market conditions such as the government shutdown, unemployment, inflation, and Federal Reserve interest rate policy. The average mortgage interest rates are around 6.19% for a 30-year term and 5.72% for a 15-year refinance, which are lower than previous years but higher than the start of the decade. The Fed is expected to lower its benchma... more
Oct 24, 2025 8:23 AM
— Mortgage Rates
Inflation just rose again. Here's how that could impact mortgage interest rates.
Inflation has risen to 3% in September, which could have implications on mortgage interest rates. The Federal Reserve may be less likely to cut rates further if inflation continues to increase. However, projections still suggest rate cuts in the final months of the year. Buyers and homeowners looking to refinance may benefit from potential rate cuts, but lenders may be cautious due to inflation. I... more
Oct 20, 2025 6:23 AM
— Mortgage Rates
How low could mortgage rates fall by the end of 2025? Experts weigh in
Mortgage borrowers are experiencing some relief due to a Federal Reserve rate cut and falling 10-year Treasury yields, leading to average 30-year loan rates in the mid to low 6% range. Experts believe that factors like the jobs market and inflation will influence where mortgage rates head next. The Mortgage Bankers Association predicts rates to hold steady around 6.5% at the year's end.
Oct 17, 2025 11:23 AM
— Interest Rates
Could mortgage interest rates fall before the Fed's October meeting? Here's what to consider.
The Federal Reserve is expected to issue another 25 basis point rate cut at the end of October, which could influence mortgage rates. However, there is a possibility that mortgage rates could fall even before the Fed's meeting based on historical trends. Lenders may start reducing offers before the official announcement, so borrowers should monitor rates, improve credit scores, and shop around for... more
Oct 16, 2025 12:24 PM
— Mortgage Rates
Mortgage interest rates just dropped again. Here's what homebuyers should (and shouldn't) do next.
Mortgage rates on a 30-year mortgage have declined to around 6.27%, the lowest level in a month. Homebuyers are advised to get pre-approved for a mortgage, not wait for rates to fall further, start their home search early, and expect increased competition due to lower rates.
Oct 11, 2025 10:31 AM
— Interest Rates
What's a good mortgage refinance interest rate this October?
After an interest rate cut issued by the Federal Reserve in September, many current homeowners who purchased a home after 2022 have experienced relief from their elevated mortgage interest rates. Mortgage refinancing demand has surged as a result, allowing homeowners with high rates to potentially secure lower rates. The definition of a good mortgage refinance rate varies depending on the homeowne... more
Oct 9, 2025 10:24 AM
— Mortgage Rates
What's a good mortgage interest rate now that the Fed's cutting rates again?
The article discusses the recent changes in the mortgage interest rate climate. It mentions how rates had surged in 2023 but are now expected to decline further due to rate cuts by the Federal Reserve. It provides insights into what is considered a good mortgage interest rate currently, suggesting rates in the low 6% range are favorable. The article also mentions alternative options like adjustabl... more
Oct 6, 2025 11:28 AM
— Foreclosure Rates and Rising Homeownership Expenses
Foreclosures are surging as U.S. homeowners grapple with rising costs
Kimberly Draxler faced the possibility of foreclosure on her four-bedroom home in Hillview, Kentucky after falling behind on her mortgage payments due to financial struggles. The rise in foreclosure rates is attributed to increasing homeownership expenses, including rising home insurance costs, utilities, property taxes, repairs, and interest rates. Draxler managed to keep her home by filing for C... more
Oct 6, 2025 11:26 AM
— Mortgage Rates
What's the mortgage interest rate forecast for October 2025?
Mortgage interest rates dropped to a three-year low before the Federal Reserve's rate cut, but have started to increase slightly. The Federal Reserve is expected to make further rate cuts, but there are uncertainties regarding economic factors like inflation and employment which could impact mortgage rates. Experts believe that mortgage rates will likely stay the same in October, with minimal fluc... more
Oct 6, 2025 11:25 AM
— Mortgage Rates
What are the monthly payments on a $550,000 mortgage now that rates have dropped?
The article discusses how recent rate cuts by the Federal Reserve have impacted mortgage rates, making homeownership more affordable for potential buyers. It highlights the difference in monthly payments for a $550,000 loan between January 2025 and now, emphasizing the importance of understanding payments in the current rate environment. The article also explains the trade-offs between a 15-year a... more
Sep 29, 2025 9:23 AM
— Mortgage Rates
Here's how much a $300,000 mortgage costs monthly now that the Fed cut interest rates
The Federal Reserve's decision to lower its benchmark rate has led to a significant drop in mortgage rates, making it more affordable for homebuyers. With rates at a three-year low, borrowers are seeing substantial savings on monthly payments and long-term interest costs compared to previous years. Refinancing options have also become more attractive for current homeowners with higher mortgage rat... more
Sep 25, 2025 3:23 PM
— Mortgage Rates
What are the monthly payments on a $400,000 mortgage after the Fed's rate cut?
The Federal Reserve has lowered its benchmark rate by 25 basis points, resulting in a decrease in mortgage rates to levels not seen since early 2022. This has sparked renewed activity in the housing market, especially for those looking to finance a $400,000 home purchase. The monthly savings on a $400,000 mortgage loan can be significant compared to earlier in the year, making homeownership more f... more
Sep 23, 2025 9:23 AM
— Interest Rates
What are the monthly payments on a $350,000 mortgage after the Fed's rate cut?
The Federal Reserve's decision to cut its benchmark rate by 25 basis points caused mortgage rates to drop, with the average 30-year fixed mortgage loan rate falling to 6.13%, the lowest in three years. This rate cut led to a surge in new mortgage loans and refinancing applications. Borrowers could save over $2,500 annually on a $350,000 loan compared to rates earlier in the year. Current homeowner... more
Sep 22, 2025 8:30 AM
— Mortgage Rates
What are the monthly payments on a $1 million mortgage now that the Fed has cut rates?
The Federal Reserve cut its benchmark rate by a quarter-point to a range of 4.00% to 4.25%, the first rate cut since late last year. This led to a drop in 30-year fixed mortgage rates to 6.13%, resulting in significant savings for borrowers. Calculations show that borrowers could save about $600 per month and over $200,000 in total interest costs on a $1 million mortgage compared to rates earlier ... more
Sep 22, 2025 6:29 AM
— Mortgage Rates
Will mortgage interest rates drop further this fall? Lending experts weigh in
Average mortgage interest rates have recently declined to a new three-year low, which is a positive sign for homebuyers. The Federal Reserve made its first rate cut of the year in September, leading to a possibility of further rate cuts in the future. Experts predict that mortgage rates may continue to go down slightly, potentially settling around 6.0-6.2% by the end of 2025. A drop in mortgage in... more
Sep 19, 2025 10:23 AM
— Mortgage Rates
What are the monthly payments on a $750,000 mortgage now that the Fed has cut rates?
The article discusses the Federal Reserve's recent interest rate cut and how it has impacted mortgage rates, specifically the 30-year fixed rate. It highlights the significant decrease in monthly payments for a $750,000 mortgage due to the recent rate cut, emphasizing the potential savings for borrowers and the opportunities it creates for both homebuyers and existing homeowners looking to refinan... more
Sep 19, 2025 9:23 AM
— Mortgage Rates
Here's what mortgage interest rates could look like by the end of 2025
Mortgage rates have dropped to their lowest point in three years at 6.13%, offering potential homebuyers more affordability and energizing existing homeowners. There is anticipation for further rate drops with the likelihood of additional Fed rate cuts ahead, potentially bringing the 30-year fixed mortgage rate to the high 5% range by the end of 2025. Even modest rate cuts can result in significan... more
Sep 19, 2025 3:23 AM
— Mortgage Rates
How much does a $500,000 mortgage cost monthly now that interest rates were cut?
The Federal Reserve cut its benchmark interest rate by 25 basis points, leading to a drop in mortgage rates. Specifically, the average 30-year fixed mortgage rate decreased to 6.13%, resulting in significant monthly savings for borrowers. This rate cut offers opportunities for both new buyers and existing homeowners to save money either on purchasing a new home or refinancing their current mortgag... more
Sep 18, 2025 10:25 AM
— Interest Rates
Here are the 3 biggest ways the federal interest rate cut could impact your money
The Federal Reserve made the first rate cut since December, reducing its federal funds rate by a quarter point. This cut will affect various financial products, with home equity lines of credit and mortgage rates being among the most impacted. Consumers with a HELOC can expect to see a significant reduction in their interest rates, while mortgage rates are already declining. However, this rate cut... more
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The mortgage rates displayed on this site are collected daily from publicly available sources provided by more than 800 lenders. LoanGlass 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@loanglass.com.
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 800 lenders. LoanGlass 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@loanglass.com.
All logos, trademarks, and brand names appearing on this website are the property of their respective owners.
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