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Mortgage News

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News for: Deseret News
Showing 1 - 4 of 4 results
Jul 3, 2025 3:00 PM — Mortgage Rates
Mortgage rates are heading in a new direction. Is that good or bad for homebuyers?
Mortgage rates in the US have been steadily decreasing for the past five weeks, reaching 6.67% in early July. However, there are signs that this trend may be reversing, with rates starting to climb again. Factors such as a strong jobs report and the potential expiration of President Trump's tariff pause are contributing to the uncertainty in the market.
May 22, 2025 1:00 PM — Mortgage Rates
Mortgage rates are on the rise. Is Trump's 'big, beautiful bill' to blame?
Mortgage rates have increased this week, with a 30-year fixed-rate mortgage now above 7%. This increase is attributed to a weaker market for U.S. Treasury bonds, concerns about spending in President Trump's bill, and inflation fears. Despite the rise in rates, Freddie Mac still sees stable rates and an increase in homebuying activity.
May 8, 2025 2:00 PM — Mortgage Rates
U.S. mortgage rates are holding steady. Will the trend last?
The article discusses how mortgage rates remained steady at 6.75% for a second week, with some slight fluctuations reported on a daily basis. The Federal Reserve decided not to change the current benchmark interest rate, citing uncertainty surrounding President Trump's tariff policy. Despite this, affordability for home buyers has improved slightly compared to last year, with more homes for sale. ... more
May 3, 2025 5:00 AM — Mortgage Rates
Mortgage payments just hit a record high. See what the median U.S. house payment is right now
The article discusses how monthly housing costs in the U.S. have reached a record high, with the median monthly mortgage payment hitting $2,870. This is due to increasing home prices and high mortgage rates. The economic uncertainty surrounding President Trump's tariffs is also causing many potential buyers to hold off on purchasing a home. Mortgage rates are expected to remain high, with a slight... more
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