With Mortgage Rates Down to a 2025 Low, Here's How Much You Could Save on a Monthly Payment.
Rates on 30-year new purchase loans ended last week 5 basis points lower than the previous Friday, dipping to a 6.79% average. That's now the cheapest weekly average of 2025. Compared to five weeks ago, when rates shot up to a 7-month high of 7.09%, today's 30-year rates are a substantial 30 basis points lower.
How Trump could lower certain mortgage rates
Trump could order the Treasury Department to start buying mortgage-backed securities, like when the Federal Reserve bought roughly $1.45 trillion of MBSs during the Great Recession. That was popularly known as quantitative easing. Buying MBS can reduce mortgage rates by increasing competition and increasing mortgage market liquidity.
In fact, 30-year jumbo mortgage rates can be even lower than conforming mortgage rates at some banks. While some homebuyers shop for loans based solely on interest rates, there are other ...
Despite the recent improvement, things were better in September, when the 30-year average plunged to a two-year low of 5.89% ...
Purchase volume was flat last week and up just 3% compared to the same time a year ago when the market faced similar rates in ...
As home values continue to rise, many homeowners seek financial solutions that align with their property’s new, increased ...
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