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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: Real Estate News by RealEstateNews.com
Showing 1 - 4 of 4 results
Aug 22, 2025 11:23 AM — Interest Rates
Mortgage rates fall, real estate stocks jump after Fed speech
Federal Reserve Chair Jerome Powell hinted at the possibility of cutting short-term interest rates, leading to a stock market rally and a decrease in mortgage rates. This potential rate cut could benefit the housing market by keeping mortgage rates low in the short term and reducing anxiety among buyers and sellers in the long term. The lower rates could revive buyer interest, improve affordabilit... more
Jun 23, 2025 1:00 PM — Interest Rates
High rates, prices keep existing home sales muted
Existing home sales in May were slightly stronger than expected but still slower than last year's pace. Median existing home sales price reached a new record high of $422,800. NAR Chief Economist Lawrence Yun stated that lower mortgage rates are needed to boost sales and economic growth. Fannie Mae adjusted its forecast for existing home sales to 4.14 million and predicted 30-year mortgage rates t... more
May 29, 2025 1:00 PM — Mortgage Rates
The market slump? It’s ‘all about mortgage rates’
Pending home sales dropped significantly in April due to economic uncertainties such as tariffs, federal job cuts, and high mortgage rates. The rise in mortgage rates is a major hurdle for potential buyers, with rates averaging around 6.89%. Despite lower prices and rising supply, lower mortgage rates are seen as essential to revive the housing market. Privatizing Freddie Mac and Fannie Mae could ... more
May 12, 2025 7:00 AM — Mortgage Rates
1 in 4 potential buyers waiting for rates to fall — below 3%
The article discusses how mortgage rates are impacting home buying decisions, with younger buyers being eager to transition from renting to owning a home. Despite stable rates, they are still considered too high for many potential buyers, leading to affordability challenges. The report from BMO Economics reveals that 67% of U.S. adults are influenced by mortgage rates when considering a purchase, ... more
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