Mortgage News
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News for: CNBC
Showing 97 - 120 of 127 results
Jul 29, 2025 2:00 AM
— Interest Rates
While the Fed kept its benchmark unchanged, here's what happened to consumer borrowing rates
The Federal Reserve is expected to keep its key short-term interest rate unchanged this month. This rate affects borrowing and savings rates for consumers. Credit card rates have slightly decreased, auto loan rates have seen little movement, and mortgage rates have hovered between 6.6% to 7.1%. President Trump believes higher rates are hindering economic growth, but experts say a rate cut may not ... more
Jul 25, 2025 3:00 AM
— Interest Rates
Federal Reserve likely to hold interest rates steady despite pressure from Trump. Here's what that means for your money
President Donald Trump and Fed Chair Jerome Powell are at odds over interest rates, with Trump advocating for a sharp decrease to stimulate economic growth. The Fed has held off on rate cuts due to uncertainty and inflation risks posed by Trump's tariff agenda. While the fed funds rate has remained steady, mortgage rates are not directly linked to the Fed and remain high due to concerns over tarif... more
Jul 23, 2025 7:00 AM
— Housing Market
June home sales drop as prices hit a record high
Sales of previously owned homes in June fell 2.7% from May to 3.93 million units, with high mortgage rates being a major factor. The average rate on the 30-year fixed mortgage remained above 6.8%. Supply of homes for sale increased by 15.9% year over year, while the median home price reached a record high of $435,300. Sales are stronger in higher-end markets, with homes priced above $1 million see... more
Jul 23, 2025 4:00 AM
— Mortgage Rates
Mortgage demand flatlines at low levels, as mortgage rates hit 4-week high
Mortgage rates rose to the highest level in four weeks, but mortgage demand remained steady. Refinance applications fell 3% for the week, while purchase loan applications rose 3%. The 30-year fixed rate is still too high for many borrowers, impacting refinance applications. Mortgage rates moved slightly lower at the start of the week following positive market reactions to details regarding Federal... more
Jul 20, 2025 6:00 PM
— Interest Rates
China keeps benchmark lending rates steady as economic growth stays strong
China kept its benchmark lending rates steady amidst weak consumer sentiment and softening growth. The 1-year loan prime rate remains at 3.0% and the 5-year LPR at 3.5%. GDP growth in the second quarter was 5.2%, higher than expected, while retail sales growth in June slowed. Analysts predict economic fundamentals could worsen in the second half of the year, leading to potential further policy eas... more
Jul 18, 2025 11:00 AM
— Interest Rates
What a Trump, Powell faceoff means for your money
Tensions between the White House and the Federal Reserve have escalated, with President Trump criticizing the central bank for not lowering interest rates. Trump argues that high rates are harming the housing market and putting the US at a disadvantage. The Fed has held off on rate cuts due to uncertainties and inflation risks posed by trade policies. Market pricing suggests no rate cut in July, w... more
Jul 16, 2025 6:15 AM
— Mortgage Rates
The ‘lock-in effect’ is making it harder to buy a home—even if mortgage rates fall
A Bankrate survey shows that most homeowners are reluctant to buy or sell homes in 2025 due to the high mortgage rates compared to pre-2021 rates. The reluctance is contributing to historically low home sales volume, with first-time buyers struggling to afford high prices. Mortgage rates have more than doubled in the past four years, with 30-year fixed-rate loans hovering near 6.5% in 2025.
Jul 16, 2025 4:00 AM
— Mortgage Rates
Weekly mortgage demand plummets 10%, as rates and economic concerns rise
Renewed concerns over tariffs and the broader economy led to higher Treasury yields and subsequently higher mortgage rates. As a result, mortgage application volume dropped by 10% compared to the previous week. Rates for 30-year fixed-rate mortgages increased to 6.82% from 6.77%, with points remaining unchanged at 0.62. Purchase mortgage applications fell by 12% for the week, while applications fo... more
Jul 9, 2025 4:00 AM
— Mortgage Rates
Homebuyers finally responded, after mortgage rates hit lowest level in three months
A drop in interest rates led to a significant increase in mortgage demand, with both refinance and purchase applications rising. The average loan size for purchase applications decreased, potentially due to increasing housing inventory and moderating home-price growth. Mortgage rates have started climbing again after hitting their lowest levels in several months.
Jul 2, 2025 4:00 AM
— Mortgage Rates
Mortgage refinance demand surges, as interest rates drop further
Mortgage rates fell to the lowest level since April, leading to a 7% increase in refinance applications compared to the previous week. The average contract interest rate for 30-year fixed-rate mortgages decreased to 6.79%. Homebuyers, however, were less motivated by the drop in rates, with mortgage applications for home purchases only increasing by 0.1%.
Jun 25, 2025 4:00 AM
— Mortgage Rates
Mortgage rates and demand are stuck in a holding pattern
Despite economic uncertainty and military conflicts, mortgage rates have not been significantly impacted. Rates for 30-year fixed-rate mortgages increased slightly, remaining in a narrow range just below 7%. Purchase applications for homes dropped, while applications to refinance rose. The average loan size for purchase applications decreased.
Jun 19, 2025 6:00 PM
— Interest Rates
China keeps key lending rates steady after May cut as trade deal with U.S. eases growth worries
China kept its benchmark lending rates unchanged after recent monetary easing measures and a trade deal with the U.S. eased growth concerns. The 1-year LPR stayed at 3.0% and 5-year LPR at 3.5%. The trade truce has allowed Beijing to support its currency and reduce pressure on foreign exchange. Chinese policymakers are satisfied with current monetary policy outcomes.
Jun 18, 2025 11:00 AM
— Mortgage Rates
Fed holds interest rates steady: What that means for your credit cards, auto loans, mortgage and more
The Federal Reserve decided to keep interest rates unchanged despite pressure from President Trump to lower them. Consumer borrowing rates, including credit cards and auto loans, remain high. Mortgage rates are tied to Treasury yields and have stayed relatively steady. Federal student loan rates are set annually and are not directly impacted by Fed moves.
Jun 18, 2025 4:00 AM
— Interest Rates
Mortgage demand drops, even as rates fall to the lowest since April
Weak consumer sentiment is impacting the housing market, with a 3% decrease in mortgage applications to purchase a home last week. The average contract interest rate for 30-year fixed-rate mortgages also decreased. Refinance activity declined for both conventional and government borrowers, but VA applications increased. Mortgage rates have not moved much, but there may be more reaction after the F... more
Jun 17, 2025 7:00 AM
— Housing Market
Homebuilder sentiment nears pandemic low as economic uncertainty plagues consumers
Builder sentiment in June dropped 2 points to 32 on the NAHB/Wells Fargo Housing Market Index, with all three components showing declines. Buyers are hesitant due to elevated mortgage rates and economic uncertainty, leading to a growing number of builders cutting prices to address affordability concerns. The report also forecasts a decline in single-family starts for 2025.
Jun 16, 2025 8:00 AM
— Interest Rates
Federal Reserve is likely to hold interest rates steady this week. Here's what that means for your money
Despite political pressure against the Federal Reserve Chair Jerome Powell, the Federal Reserve is expected to hold interest rates steady. Consumers are struggling with high prices and borrowing costs, with credit card rates remaining high even with the Fed on the sidelines. Mortgage rates have not moved much and remain near 6.9%, impacting potential buyers. Auto loan rates are rising due to incre... more
Jun 11, 2025 11:01 AM
— Housing Market
Is it smart to buy a home right now? The U.S. housing market is a 'mixed bag,' broker says
The U.S. housing market is currently difficult to predict with elevated mortgage rates and a median home price of $442,000. However, inventory is increasing in many markets, giving buyers more negotiating power. Despite forecasts of declining home prices by the end of 2025, mortgage rates are expected to remain high, affecting affordability. Tariffs on building materials may further increase const... more
Jun 11, 2025 4:00 AM
— Mortgage Rates
Mortgage demand rises to the highest level in over a month, after holiday adjustment
Mortgage interest rates remained relatively stable last week, but there was an increase in both homebuyers and those looking to refinance. Total mortgage application volume rose by 12.5%. Rates for 30-year fixed-rate mortgages slightly increased, while rates for 15-year fixed loans and FHA loans decreased. Applications for refinancing and home purchases both saw significant increases compared to t... more
Jun 4, 2025 4:00 AM
— Mortgage Rates
Mortgage demand drops for the third straight week, even as interest rates ease
Mortgage rates fell slightly last week, but mortgage demand dropped. Refinance activity declined while applications to purchase a home also fell. However, purchase demand was higher than last year due to increased supply in the housing market. Mortgage rates have been relatively stable for the past two months.
May 28, 2025 4:00 AM
— Mortgage Rates
Mortgage rates rose to the highest level since January, but demand from homebuyers still grew. Here's why.
Mortgage rates rose for the third straight week to the highest level since January, with an increase in applications to purchase a home but a decrease in applications to refinance. The increase in purchase applications is attributed to increased housing inventory in many markets.
May 21, 2025 4:00 AM
— Mortgage Rates
Mortgage demand drops after interest rates jump to the highest level since February
Mortgage rates increased last week leading to a 5.1% drop in mortgage applications according to the Mortgage Bankers Association. This rise in rates is attributed to concerns about inflation and increasing deficits and debt. Applications for both home purchases and refinances decreased, with homebuyers facing more listings but also higher interest rates.
May 19, 2025 6:00 PM
— Interest Rates
China cuts benchmark lending rates for the first time in 7 months in Beijing's growth push
China cut its key lending rates by 10 basis points in an effort to boost its economy amidst easing trade tensions and a stronger yuan. This marked the first rate reduction since October. The rate cuts aim to lower key lending rates, with the 5-year LPR serving as a benchmark for mortgage rates. Further rate cuts are expected by the end of the year. The stimulus measures announced by Beijing includ... more
May 19, 2025 11:00 AM
— Mortgage Rates
Mortgage rates cross back over 7% after U.S. credit downgrade
Mortgage rates surged higher after Moody's downgraded the U.S. credit rating, reaching the highest level since April. This increase in rates had a direct effect on the housing market, causing a drop in pending sales of existing homes and homebuilder sentiment. There was a slight increase in mortgage demand when rates were around 6.9%, but any increase above 7% led to a slowdown in buyers and disqu... more
May 19, 2025 8:00 AM
— Interest Rates
What Moody’s downgrade of U.S. credit rating means for your money
Moody’s decision to downgrade the U.S. credit rating is expected to increase the cost of borrowing, impacting consumer loans like mortgages, credit cards, and personal loans. The downgrade puts pressure on bond prices, leading to higher yields. The increase in interest rates is attributed to the federal government’s budget deficit and economic uncertainty due to President Trump's tariff policy.
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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.