Monthly mortgage payments on the rise, but not for long
However, with the market continuing to shift more in favor of homebuyers, home prices should move lower, aiding affordability in the weeks ahead.
MARKETING TO BORROWERS
Mortgage rates will go below 6% next year, Fannie says
Increases in gross domestic product and home sales expectations compared with April are the drivers of Fannie Mae's latest mortgage outlook for 2025 and 2026.
Mortgage rates down as tariff tantrum ends
Pricing on the 30-year fixed rate mortgage retreated this week as investors digested some economic news, including a GDP contraction in the first quarter.
Mortgage rates at highest since February, Freddie Mac says
The 30-year fixed rate mortgage average rose 21 basis points this week, lagging other indicators, which are all now lower than seven days ago.
Refi boomlet likely as mortgage rates start to fall
If mortgage rates drop into the low 6% range, there will be a retention opportunity on 5.4 million loans that have interest rates starting at 6.5%.
Mortgage rates move lower on tariff uncertainty
Mortgage rates remain in the 6.6% range, with the tariff news so far having little impact, but could change given the 35 basis point drop in the 10-year yield.
