Mortgage News
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News for: USA Today
Showing 1 - 22 of 22 results
Jan 30, 2026 5:30 AM
— Housing Market
President Trump says he wants to drive housing prices up, not down
President Trump is looking to drive housing prices up in the United States to benefit homeowners rather than making housing more affordable. He plans to achieve this by lowering interest rates and allowing more Americans to buy homes even as prices rise. Trump has implemented policies such as banning institutional investors from buying single-family homes and purchasing mortgage-backed securities ... more
Dec 16, 2025 8:30 AM
— Mortgage Rates
Fed rate cut brings lower credit card costs while mortgage relief lags
Consumers cautious due to weaker job market; Federal Reserve cut interest rates; rates on credit cards and HELOCs to decrease but mortgage rates not expected to fall significantly; 30-year fixed mortgage at 6.19%; experts predict decrease in mortgage rates in 2026, but with volatility; trade policies and tariffs may impact inflation and interest rates; Fed may cut rates two more times in 2026.
Nov 9, 2025 11:19 AM
— Housing Market
Donald Trump's 50-year mortgage proposal. What to know about long-term loans.
President Trump proposed the idea of 50-year mortgages, which faced criticism from various leaders and researchers. While a longer mortgage term can lower monthly payments, it could lead to higher interest rates and less equity accrued. Research shows that having equity in a home is crucial to prevent defaults, especially during times of economic downturn. Ultimately, the housing affordability cri... more
Oct 30, 2025 4:06 PM
— Interest Rates
Mortgage rates jump amid interest rate cut uncertainty. What it means for homebuyers.
Mortgage rates rose to the highest level since Oct. 9 due to uncertainty around a potential December rate cut by the Federal Reserve. Even though the market had anticipated lower rates, Fed Chair Powell's comments suggested otherwise. The rise in rates may impact home sales in 2026, with projections already being lowered due to affordability issues. However, existing homeowners may benefit from lo... more
Oct 7, 2025 10:23 AM
— Mortgage Rates
Lower mortgage rates are here, thanks to Wall Street bond investors
Borrowers are experiencing relief in recent weeks as mortgage rates have dropped from nearly 7% at the start of 2025 to around 6.34%. This decrease is attributed to investors' positive outlook on the housing market, despite ongoing economic uncertainties. Spreads between mortgage rates and Treasury note rates remain higher than the long-term average, signaling lingering investor concerns about the... more
Sep 24, 2025 6:23 AM
— Interest Rates
Federal Reserve cuts interest rates: What’s next for credit cards, auto loans, mortgages
The Federal Reserve cut short-term interest rates by a quarter-point, and there is speculation regarding more rate cuts in the future. The political influence on the Fed by President Trump, disagreements among Federal Reserve governors, and statements pointing to potential economic challenges were highlighted during the recent meeting. The potential impact on credit card rates is mentioned along w... more
Sep 18, 2025 7:23 AM
— Mortgage Rates
The Fed cut interest rates. How quickly will you notice changes?
After a quarter percentage point cut to the benchmark interest rate, the Federal Reserve is expected to continue reducing rates to make borrowing more accessible. The Fed's concerns over the labor market led to the rate cut, but projections on future cuts vary widely among officials. The impact of rate cuts on consumers includes a negligible effect on borrowing initially, with more significant ben... more
Sep 12, 2025 7:23 AM
— Interest Rates
Mortgage rates are down with the Fed on deck. Will it help the struggling housing market?
In September 2025, it is expected that the Federal Reserve will deliver a rate cut, causing mortgage rates to drop to an 11-month low. There is pent-up demand in the housing market due to low rates, but skepticism exists about whether interest rates will go up if the Fed doesn't meet the market's high expectations. Despite low mortgage rates, affordability remains an issue for many Americans, lead... more
Aug 29, 2025 3:23 PM
— Interest Rates
Trump says Fed rate cuts will make a solid US economy even better. Is he right?
President Donald Trump is trying to reshape the makeup of the Federal Reserve to push for aggressive rate cuts, believing that high mortgage rates are pricing out Americans from buying homes. While experts say lower rates may be necessary, cutting rates too quickly could lead to inflation and increased mortgage prices. The Fed is considering rate cuts due to weak labor market conditions, but Trump... more
Jul 30, 2025 2:00 PM
— Interest Rates
Fed leaves interest rates unchanged amid Trump pressure. 2 governors dissent.
The Federal Reserve did not change its key interest rate in July despite pressure from President Trump to lower rates. Fed governors were split on whether or not to cut rates, and while Fed Chair Powell hinted that a rate cut could be more likely at the next meeting, he emphasized the need to wait for more data before making a decision. The White House's own policies may be contributing more to hi... more
Jul 22, 2025 5:00 AM
— Mortgage Lending
This company can help you get the low mortgage rates of years ago.
RetroRate is a new company offering a software tool that identifies homes with assumable mortgages, which can potentially save buyers over $1,000 per month. However, the process can be time-consuming and involves working with the existing mortgage servicer. RetroRate offers a concierge service to assist buyers and sellers through the process for a fee. Assumable mortgages can be beneficial for bot... more
Jul 21, 2025 4:00 PM
— Mortgage Rates
Why the 'lock-in' phenomenon is gripping American homeowners
A new survey from Bankrate found that more than half of U.S. homeowners are uncomfortable selling their homes in 2025, regardless of the mortgage rate, showing an increase in caution from previous years. Homeowners with low, fixed-rate mortgages are hesitant to sell due to the fear of losing their favorable interest rates, known as the 'lock-in' phenomenon. Many homeowners are waiting for mortgage... more
Jul 3, 2025 11:00 AM
— Mortgage Rates
Refinance applications surge as mortgage interest rates tick down
Americans are taking advantage of the opportunity to refinance their mortgages as rates fell to the lowest since April. Refinance applications increased by 7% compared to the previous week and were 40% higher than a year ago. Homeowners are eager to save money on housing costs, despite mortgage rates remaining in the 6-7% range for the past year.
Jun 17, 2025 2:00 PM
— Mortgage Rates
Will the Fed cut rates Wednesday? Not likely, but here's when they might.
The Federal Reserve is expected to keep interest rates steady between 4.25% and 4.5%. There's little chance of a rate cut until September. The Fed is uncertain about how tariffs will impact prices and is trying to balance inflation and employment concerns. The Fed's previous three rate cuts have led to lower payments on credit cards and auto loans, but mortgage rates have risen. Homebuyers are now... more
Jun 9, 2025 11:01 AM
— Mortgage Lenders
Mortgage company Rocket is buying Redfin, the brokerage. Its CEOs talked with USA Today.
Rocket, America’s largest mortgage lender, announced plans to buy Redfin, a national brokerage. The deal is worth nearly $1.75 billion and aims to offer consumers a more seamless and transparent home buying process. Both CEOs highlighted the importance of consumer-centric approaches. They discussed challenges in the industry regarding control over real estate listings and consumer representation c... more
Jun 5, 2025 10:00 AM
— Housing Market
Mortgage rates ease, but many house hunters still need hacks
Despite a slight decline in 30-year fixed-rate mortgages, overall mortgage rates have not seen significant changes this year. Affordability remains a challenge for homebuyers as home prices continue to rise. While some believe that lowering mortgage rates could stimulate the housing market, the impact may be limited if home prices keep increasing. For many buyers, the amount of money needed for a ... more
May 29, 2025 11:00 AM
— Mortgage Rates
Mortgage rates keep rising. Home sales keep slowing.
Mortgage rates increased for the third consecutive week, reaching an average of 6.89% for 30-year fixed-rate mortgages. As a result, the housing market is being negatively impacted, with a decline in both refinance and purchase applications. Sales of previously-owned homes have been inconsistent this year, with April seeing the slowest pace since 2009. Home contract signings also dropped in April,... more
May 22, 2025 11:00 AM
— Interest Rates
Mortgage rates rise as Trump floats taking Fannie and Freddie public
Rates for 30-year fixed-rate mortgages increased slightly to 6.86% in the week ending May 22. Concerns about fiscal policy proposals and the potential public offering of Fannie Mae and Freddie Mac are contributing to an uncertain rate environment, impacting the housing market.
May 15, 2025 11:01 AM
— Mortgage Rates
Mortgage rates rise for second-straight week. Is the spring selling season sunk?
Mortgage rates for 30-year fixed-rate mortgages increased to 6.81% in the week ending May 15. Despite the stability in rates, the spring selling season is showing signs of slowdown in activity as some buyers are backing off due to uncertainties about the U.S. economy. However, in Austin, Texas, the market is more stable with a good balance of inventory and demand.
May 12, 2025 6:00 AM
— Housing Market
Is it finally a buyer's market? What to know about home prices outlook
The housing market has seen a surge in prices over the past five years, fueled by low mortgage rates and changing preferences among Americans. However, as prices start to fall back to more sustainable levels, more homeowners are listing their properties for sale. This shift is opening up more options for buyers, with increased inventory and more opportunities for negotiation. Although it's too ear... more
May 7, 2025 1:00 PM
— Interest Rates
Fed chair Jerome Powell cites 'uncertainty' as central bank holds key rate steady
The article discusses the Federal Reserve's decision to keep interest rates unchanged amid concerns about inflation and recession risks due to President Trump's tariffs. The Fed is in wait-and-see mode, monitoring the impact of tariffs on the economy. While the Fed did not indicate any immediate plans to lower rates, it acknowledged growing concerns about the risks posed by the import fees. The ar... more
May 1, 2025 10:33 AM
— Housing Market
Mortgage rates move lower, but is it enough to help the housing market?
Rates for 30-year fixed-rate mortgages dipped slightly to 6.76%. Mortgage rates are difficult to predict as they follow the U.S. 10-year Treasury note. Concerns about the trade war and the economy have caused Treasury yields to surge, despite the typical pattern of yields falling during economic weakness. Lower mortgage rates are not enticing buyers as economic uncertainty continues to impact deci... 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.