Mortgage Rates End Week Slightly Lower
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Mortgage rates dropping to 6% would allow for over 5 million more households to afford a home, according to the National Association of Realtors.
Analysts believe a modest drop in mortgage rates could prove to be a "magic bullet" for the U.S. housing market.
The Federal Reserve has stayed the course, stalling rate cuts as they wait to see the impact of President Donald Trump’s Tariffs. Vivian Gueler, CFO of Pacific Trust Group, spoke about mortgage rate expectations for the coming year.
A group of Democratic senators are probing the FHFA director's plan to allow Fannie and Freddie to count crypto as an asset when assessing mortgage risk.
The wait for a more affordable housing market is only getting longer as lingering inflation and tariff uncertainties keep the Fed in monitor mode.
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Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, also eased. The average rate dropped to 5.87% from 5.92% last week. A year ago, it was 6.07%, Freddie Mac said.
Alex Manzara at R.J. O'Brien makes the point that even if the Trump administration is successful in getting a more pliant Fed, there's still another issue in its quest to lower mortgage rates. The spr
Texas Attorney General Ken Paxton and his now-estranged wife, State Senator Angela Paxton, declared multiple homes as their primary residences when applying for home loans, raising questions among experts about mortgage fraud, according to new reports.