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Mortgage Rates Center

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Homebuyers are adjusting to the new normal of 7% mortgage rates

February 18, 2025 by bp56691
Homebuyers are adjusting to the new normal of  7% mortgage rates
As the 2025 spring homebuying season approaches — and the tone is set for what the rest of the year could look like — the long-term costs of a home loan are inching lower even as fears of inflation, unemployment and tariffs loom large.
Categories Chicago, HWmember, Illinois, Inflation, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, Origination, Tariffs

Another Fed rate cut is expected Wednesday, but mortgage rates aren’t likely to tumble

December 17, 2024 by bp56691
Another Fed rate cut is expected Wednesday, but mortgage rates aren’t likely to tumble
Mortgage rates haven’t moved in tandem with recent Fed rate cuts. Don’t expect that pattern to change much after policymakers meet Wednesday.
Categories Chase, Federal Reserve, First American, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, Origination, Veterans United Home Loans

Small drop in mortgage rates a good sign for December

December 3, 2024 by bp56691
Small drop in mortgage rates a good sign for December
If housing industry professionals are looking for an early Christmas gift, they might receive it in the next two weeks if key economic indicators move in the right direction.
Categories Altos Research, Federal Reserve, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, Origination, United Wholesale Mortgage, Veterans United Home Loans

The election is over, but mortgage rates have yet to change course

November 19, 2024 by bp56691
The election is over, but mortgage rates have yet to change course
The trend line for mortgage rates has been the same for several weeks, even as some of the uncertainty tied to the election is fading.
Categories Bank of America, Construction, Federal Reserve, First American, Housing Starts, Mortgage, Mortgage Rates, Mortgage Rates Center
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