Mortgage News
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News for: Detroit Free Press
Showing 1 - 3 of 3 results
Dec 10, 2025 11:30 AM
— Mortgage Rates
Fed cuts interest rates again: What's next for mortgages, credit cards
Consumers gave the Federal Reserve room to cut interest rates in 2025 due to financial concerns and a weakening job market. The Fed cut interest rates by a quarter percentage point in December, leading to lower rates on credit cards and home equity lines of credit. However, mortgage rates are not expected to see significant decreases in 2026, with predictions of mortgage rates declining slightly o... more
Sep 11, 2025 5:23 AM
— Mortgage Rates
A Michigan credit union offers a 4.99% mortgage to turn heads but what will Fed do next?
Michigan Legacy Credit Union is offering a low 4.99% interest rate for new 30-year, fixed mortgages in order to increase loan demand and lending activity. This rate is significantly lower than the average mortgage rates being promoted by other lenders. The credit union hopes to make more money on its cash reserves while offering members a lower-cost loan option. The offer includes caveats like sub... more
May 15, 2025 3:00 PM
— Mortgage Lenders
United Wholesale Mortgage rolls out AI that calls you when time to refinance
United Wholesale Mortgage introduced an AI virtual loan officer assistant named Mia that can make outbound calls, take inbound calls, and handle complex questions in a conversational manner. The AI tool was created in partnership with Google and aims to help mortgage brokers reach out to clients about refinancing when mortgage rates drop. UWM CEO Mat Ishbia highlighted Mia's abilities at the compa... more
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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.