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Mortgage News

The Most Comprehensive Source of Mortgage-Related News

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News for: Homes.com
Showing 1 - 3 of 3 results
Oct 14, 2026 12:09 PM — Mortgage Rates
Mortgage rates could stay well above 7% through 2027, Fannie Mae says
Fannie Mae sharply raised its mortgage-rate forecast, projecting the 30-year fixed rate to average 7.4% in the fourth quarter and 7.5% in 2027, up from earlier estimates. The change follows hotter-than-expected inflation, driven in part by rising gas prices, which pushed daily mortgage rates to 7.56% and increased expectations of a Federal Reserve rate hike. Economists say persistent inflation and... more
Oct 14, 2026 4:00 AM — Mortgage Lending
ARM demand hits highest level in a year as mortgage rates climb
Mortgage applications fell 2.7% for a sixth consecutive week as rates climbed, with purchase applications down 4% and refinancing down 0.4% week over week. The 30-year fixed mortgage averaged 7.4%, prompting more borrowers to consider adjustable-rate mortgages (ARMs), whose share of applications reached 10.5%. ARMs can offer lower initial payments, but borrowers should weigh the risk of higher pay... more
Oct 12, 2026 11:20 AM — Mortgage Lending
Mortgage rates top 7%: Why more borrowers are turning to ARMs and buydowns
With mortgage rates above 7%, some buyers and lenders are turning to adjustable-rate mortgages, temporary rate buydowns, and interest-only loans to lower initial payments. These options may improve affordability, but each carries risks, including future rate increases or much larger payments later. Lenders advise borrowers to assess their budgets, understand the loan terms, and ensure they can aff... more
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