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Mortgage News

The Most Comprehensive Source of Mortgage-Related News

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News for: CBS News
Showing 97 - 120 of 138 results
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
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
Sep 17, 2025 9:24 AM — Mortgage Rates
Mortgage interest rates just fell to a 3-year low. Here's why (and what to do now).
Mortgage interest rates have dropped to an average of 6.13%, the lowest level in three years, sparking increased activity in both mortgage loan applications and refinancing. The drop is attributed to the Federal Reserve's rate cut and the bond market's reaction, pulling mortgage costs down. Borrowers are advised to shop around for the best rates, improve credit scores, get preapproved for loans, c... more
Sep 16, 2025 2:23 AM — Interest Rates
Will the Fed cut rates on Wednesday? See 5 economic charts that may determine its decision.
The Federal Reserve is expected to make its first rate cut of 2025, with President Trump pushing for it due to low inflation and economic uncertainties. The labor market is showing signs of distress, but inflation is rising due to tariffs. There is a debate over whether to prioritize lowering unemployment or inflation. Mortgage rates have been affected by various factors, including the strength of... more
Sep 15, 2025 1:23 PM — Interest Rates
How does the Fed influence mortgage rates? Here's what to know as policymakers consider trimming borrowing costs.
The Federal Reserve is expected to lower its benchmark interest rate, which could give relief on loans but might not necessarily bring down mortgage rates immediately. Mortgage rates have already fallen due to anticipation in financial markets. The Federal Reserve does not directly impact mortgage rates, but Fed rate cuts affect short-term rates and the lending environment. Fixed-rate mortgages ar... more
Sep 15, 2025 11:35 AM — Mortgage Rates
Will mortgage interest rates drop again this week?
Mortgage interest rates have been consistently declining throughout 2025, reaching an 11-month low in September. The Federal Reserve meeting in September could potentially lead to a rate cut, causing further declines in mortgage rates. Lenders may reduce rates preemptively to remain competitive, and buyers with good credit scores have the opportunity to take advantage of lower rates. However, the ... more
Sep 15, 2025 11:23 AM — Interest Rates
Will mortgage interest rates drop again this week?
Mortgage interest rates have been consistently declining in 2025, reaching an 11-month low and potentially dropping even further due to an expected rate cut by the Federal Reserve. Lenders are already offering lower rates preemptively to remain competitive. However, the exact extent of the rate cut is uncertain, and it is important for buyers to monitor the market closely as rates can fluctuate. I... more
Sep 11, 2025 1:23 PM — Mortgage Rates
Mortgage rates just fell to their lowest level in almost a year. Here are 3 questions to ask now.
Mortgage interest rates have continued to decline, reaching an average of 6.35% for 30-year terms, the lowest level in nearly a year. The decline is attributed to the assumption that the Federal Reserve will reduce rates and a cooling 10-year Treasury yield. Buyers and owners considering a refinance should carefully consider the current rates and their own financial situation before making a decis... more
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