Mortgage News
The Most Comprehensive Source of Mortgage-Related News
Each article is summarized for your convenience. Click on the title to see the original.
News for: New York Post
Showing 1 - 8 of 8 results
Jan 12, 2026 10:30 AM
— Mortgage Rates
Mortgage rates fall below 6% for first time since 2023 after Trump orders $200B bond buying
Mortgage rates dropped below 6% for the first time in years after President Trump ordered the purchase of $200 billion worth of mortgage bonds to tackle the housing crisis. This led to the average rate for a 30-year fixed residential mortgage falling to 5.87% and rates for a 15-year fixed mortgage also decreasing. The purchases of mortgage bonds by Fannie Mae and Freddie Mac are expected to drive ... more
Oct 20, 2025 9:57 AM
— Mortgage Rates
Mortgage rates aren’t expected to fall below 6% for next several years: economist
An economist claims that mortgage rates are not expected to fall below 6%, potentially indicating higher costs for prospective homebuyers.
Sep 24, 2025 8:23 AM
— Housing Market
New home sales surge over 20% to 3-year high as lower mortgage rates spurred demand
Sales of new US single-family homes surged in August to the highest level in more than 3-1/2 years, driven by falling mortgage rates. However, economists are skeptical about the sustainability of this spike, citing volatility in new housing data, subdued homebuilder sentiment, and a weakening labor market. Despite the increase in sales, the housing market has been in a slump due to higher mortgage... more
Sep 5, 2025 8:23 AM
— Mortgage Rates
Mortgage rates hit 11-month low, increasing optimism for buyers
Mortgage rates have decreased to an 11-month low, leading to optimism for new buyers and current owners. The market is waiting for the Department of Labor's jobs report, which could affect future rate changes. Affordability challenges and economic uncertainty continue to suppress demand in the housing market.
Aug 16, 2025 11:23 AM
— Mortgage Rates
Exclusive | Adam Schiff paying just 3% mortgage on homes at center of mortgage fraud probe
Senator Adam Schiff is accused of claiming two homes as primary residences in order to get lower mortgage rates and property taxes. Despite designating one property as a second home in 2020, he still received rock-bottom mortgage rates on both his Maryland and California homes. This has resulted in significant savings for Schiff and an increase in his bank assets, with his wealth soaring over the ... more
Jun 25, 2025 8:00 AM
— Housing Market
New home sales plummet more than expected as high mortgage rates sink demand
New US single-family home sales fell more than expected in May due to high mortgage rates, leading to an increase in unsold houses on the market. Mortgage rates remain elevated, contributing to the decline. The Federal Reserve has paused its interest rate cutting cycle in response to economic uncertainty from tariffs imposed by President Trump. Builder sentiment has also dropped to a 2-1/2-year lo... more
May 23, 2025 9:00 AM
— Housing Market
New home sales unexpectedly surge despite high mortgage rates as builders lower prices
Sales of new US single-family homes surged in April, with a 10.9% increase, but February and March data was revised downward. Despite the surge, economists believe housing activity is weakening due to high mortgage rates and a slowing labor market. Prices have been lowered to attract buyers, with the median new house price dropping 2.0% to $407,200 in April. Mortgage rates have been rising, hittin... more
Apr 30, 2025 8:50 AM
— Mortgage Rates
Mortgage demand drops to lowest in two months as would-be homebuyers wary of US economy
Despite stable mortgage rates, homebuyers are retreating due to concerns about the economy and labor market. Mortgage applications to purchase a home fell, with the slowest pace of activity since February. Elevated home prices and economic anxiety may be holding back buyers more than interest rates. The average contract interest rate for 30-year fixed-rate mortgages dipped slightly, but this has n... more
DISCLAIMER: LoanGlass (previously known as mortgage-rates.ai) is an independent information platform created to promote greater transparency in the mortgage market for the benefit of borrowers. LoanGlass is not a lender, mortgage broker, or financial advisor, and is not registered with the Nationwide Mortgage Licensing System (NMLS). Nothing contained on this website shall be construed as an offer to lend, solicit, or extend credit of any kind.
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.