Mortgage News
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News for: CBS News
Showing 121 - 138 of 138 results
Sep 5, 2025 1:23 PM
— Interest Rates
Why new unemployment data could cause mortgage rates to fall further
The article discusses how the recent increase in unemployment rate, combined with the possibility of an interest rate cut by the Federal Reserve, could lead to further decreases in mortgage rates. Lower mortgage rates may be on the horizon for buyers and homeowners due to potential actions by the central bank.
Sep 4, 2025 2:23 PM
— Mortgage Rates
Here's how far mortgage rates have dropped in 2025 (and how much further they can still fall)
Mortgage interest rates rose significantly after 2022 due to inflation, making homebuying and refinancing unaffordable for many. However, rates have been steadily declining since January 2025, with the average rate for a 30-year fixed-rate mortgage dropping to 6.50% and a 15-year term dropping to 5.60% as of September 4. Further reductions in mortgage rates are anticipated in the coming months and... more
Sep 2, 2025 1:25 PM
— Interest Rates
How low will mortgage rates fall with a September Fed rate cut? Here's what to know.
In September 2025, there is anticipation for a new interest rate reduction by the Federal Reserve due to concerns over unemployment and inflation. While this might impact various products and loans, the focus is on the mortgage and mortgage refinance climate. However, the impact on mortgage rates may be minimal at first, with only a 25 basis point cut expected, leading to rates in the range of 4.0... more
Aug 20, 2025 9:23 AM
— Mortgage Lenders
Trump calls on Federal Reserve Governor Lisa Cook to resign after she was accused of mortgage fraud
President Trump called for Federal Reserve Governor Lisa Cook to resign after allegations of mortgage fraud were made against her by one of his administration's officials, Bill Pulte. Pulte claimed that Cook falsified bank and property records to obtain more favorable loan terms for her homes, designating them as primary residences. Trump also expressed a desire to cut interest rates and make chan... more
Aug 15, 2025 5:24 AM
— Mortgage Rates
Mortgage rates fall to a 10-month low. Here's when they could drop again.
Mortgage interest rates have dropped to their lowest point since October 2024, with the average 30-year mortgage loan rate now at 6.58%. Even though rates are not expected to fall dramatically, there are upcoming dates to monitor that could potentially lead to lower rates, including changes in the unemployment rate, the next inflation report, and the Federal Reserve meeting on September 17.
Jul 29, 2025 8:24 AM
— Interest Rates
Trump urgently wants Jerome Powell to cut interest rates. That won't happen this week, economists say.
President Trump requested the Federal Reserve to lower interest rates, but it's unlikely to happen at the upcoming decision. Fed Chair Powell is cautious about rate cuts due to solid economic conditions and the potential impact of tariffs on inflation. While some FOMC members believe it's time to cut rates, the chances of a rate cut are very low. Experts expect the Fed to hold off on cutting rates... more
Jul 26, 2025 3:00 AM
— Mortgage Rates
Worth waiting? This is the mortgage rate homebuyers say will push them to move.
High home prices and mortgage rates are making homeownership challenging for many potential buyers and sellers, leading to a slowdown in home sales. The National Association of Realtors predicts that if mortgage rates were to drop to 6%, an additional 5.5 million households would be able to afford a home. However, rates have not been below 6% in nearly three years, causing homeowners who bought or... more
Jul 18, 2025 5:00 AM
— Mortgage Rates
Will mortgage rates fall after the July Fed meeting? Here's what experts expect
Prospective homebuyers and homeowners are eagerly awaiting the Federal Reserve's July meeting to see if it will have any impact on mortgage rates, which have remained high. Experts suggest that a 25-basis-point Fed cut might only lower 30-year fixed rates by 10 to 15 basis points. While immediate rate relief is unlikely, it is advised to prepare for homebuying now to take advantage of the current ... more
Jul 15, 2025 7:00 AM
— Mortgage Rates
What homebuyers should do before rate cuts, according to mortgage experts
The article discusses the impact of the Federal Reserve's decisions on mortgage rates and advises potential borrowers to prepare for possible rate cuts later in the year. It emphasizes the importance of understanding the relationship between the Federal Reserve and mortgage rates, improving credit scores, and finding the right home and mortgage that fit one's budget.
Jul 7, 2025 2:01 PM
— Mortgage Rates
Will mortgage rates continue falling this July?
Mortgage rates have fallen for the fifth consecutive week, currently averaging 6.75% for a 30-year mortgage loan. This decline is seen as positive for homebuyers, but it remains uncertain if the trend will continue. Factors influencing mortgage rates include economic policies, the Federal Reserve's federal funds rate, and the 10-year Treasury yield. Changes in inflation and potential Fed rate cuts... more
Jul 3, 2025 12:00 PM
— Mortgage Rates
Mortgage rates just dropped for the fifth consecutive week. Here's what buyers should do now.
Mortgage interest rates have been declining for five consecutive weeks and are now at an average of 6.67% for a 30-year mortgage. There is a possibility of further rate reductions in the coming months, with expectations of a rate cut by the Federal Reserve. Homebuyers are advised to check their credit scores, research real estate agents, and get pre-approved for a mortgage loan in order to take ad... more
Jun 17, 2025 8:23 AM
— Interest Rates
The Fed is set to make its next rate decision on Wednesday. Here's what to expect.
The Federal Reserve Bank is expected to keep its benchmark rate steady at 4.25% to 4.5% amidst uncertainty about the impact of President Trump's economic policies, especially his tariffs. The decision is anticipated to be unanimous, with a 97.5% probability of maintaining the current range. While the decision is good news for savers, borrowers can expect high credit card rates, auto loans, and mor... more
Jun 17, 2025 3:00 AM
— Mortgage Rates
3 mortgage interest rate scenarios lenders say are possible this summer
Despite inflation declining from its recent peak, it still remains higher than the Federal Reserve's target, keeping mortgage rates in the high 6% range. Experts predict limited movement in mortgage rates over the summer, with scenarios for rates to stay the same, rise, or decline depending on economic conditions. Locking in rates may be advisable if economic shifts indicate rising rates, while a ... more
Jun 4, 2025 8:23 AM
— Mortgage Rates
Will mortgage rates fall after the Fed's June meeting?
The article discusses the current interest rate climate in 2025, with inflation declining and potential relief from high mortgage rates. It explains that mortgage rates don't directly correlate with Federal Reserve policy changes but track closer to the 10-year Treasury yield. Experts predict that rates will likely stay in the mid-to-upper 6% range through mid-2025, despite potential Fed rate cuts... more
May 24, 2025 3:00 AM
— Mortgage Lending
Trump floats bringing Fannie Mae and Freddie Mac public. Here's what it could mean to homebuyers and investors.
President Trump has expressed interest in taking home lenders Fannie Mae and Freddie Mac public, which would end 17 years of federal control over the housing market. This move is supported by Bill Ackman and could benefit investors who hold shares in the firms. Critics argue that it could be risky and disrupt the mortgage market. The potential release of Fannie and Freddie from conservatorship has... more
May 19, 2025 3:00 PM
— Interest Rates
Mortgage rates climb back above 7% after Moody's U.S. debt downgrade
The average interest rate for a 30-year mortgage rose above 7% after Moody's downgraded the U.S. credit rating due to growing debt levels. Mortgage rates have remained high despite Fed rate cuts, tracking the 10-year Treasury bond. Market reactions to the downgrade caused stock and bond prices to fluctuate. Analysts expect limited market impact from the downgrade but anticipate elevated mortgage r... more
May 7, 2025 5:00 PM
— Interest Rates
Fed holds interest rates steady as the central bank weighs impact of Trump tariffs
The Federal Reserve has decided to keep its benchmark interest rate unchanged at 4.25% to 4.5% despite pressure from President Trump to lower borrowing costs. The Fed cited economic risks, particularly related to Trump's tariffs, as a reason for maintaining the current rate. There are concerns that Trump's tariffs could lead to higher inflation and unemployment, which could impact the Fed's dual m... more
May 5, 2025 7:00 AM
— Mortgage Rates
Will mortgage rates fall after this week's Fed meeting?
The article discusses the Federal Reserve's upcoming meeting to determine interest rates, which will impact borrowers and savers. While a rate cut is unlikely this month, there is a chance it could happen in June. Mortgage rates have been elevated, and a potential rate cut could ease borrowing for homebuyers and homeowners looking to refinance. It is recommended that buyers monitor rates daily for... more
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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.