Mortgage rates exceed 7% for the fifth consecutive week
This week, the average long-term mortgage rate in the US climbed above 7% for the first time since January 2025, marking another affordability hurdle for potential homebuyers. After five consecutive weeks of rising rates, the 30-year fixed mortgage rate increased to 7.03%, up from 6.95% last week, according to Freddie Mac. A year ago, the […]
Mortgage rates increase to 6.71%
Mortgage Rates Hit Highest Level in Over a Year Freddie Mac reported on Thursday that mortgage rates rose to their highest point in more than a year. The average rate for a 30-year fixed mortgage has increased to 6.71%, up from last week’s 6.66%. This marks the highest rate since July 31, 2025, when it […]
Mortgage rates decrease to 6.65%
Mortgage Rates Drop for Second Consecutive Week Freddie Mac reported on Thursday that mortgage rates have fallen for the second week in a row. According to their latest Primary Mortgage Market Survey, the average rate for a 30-year fixed mortgage decreased to 6.65%, down slightly from 6.67% last week. To put this into perspective, the […]
These 3 Monthly Dividend ETFs Can Pay for the Average American Mortgage, Here’s What You Need to Invest
Bankrate’s recent survey on Purchase Loan Tracking reveals that as of mid-2026, the average mortgage payment in the U.S. stands around $2,100 monthly. Interestingly, three ETFs, focused on monthly salary income, can generate sufficient cash flow—typically in the low to mid-six digits—to cover these payments based on current distribution rates. These funds are the NEOS […]
Mortgage rates decrease following positive inflation updates
Mortgage Rates Hit Three-Week Low On Thursday, mortgage rates dropped to a three-week low, following a decline in bond yields. Recent data from the Bureau of Labor Statistics showing a slight easing in inflation since June has sparked optimism that the central bank might hold off on raising rates in its upcoming meeting on September […]
Mortgage rates drop to 6.67%
Mortgage Interest Rates Dip for the First Time in Weeks Freddie Mac announced on Thursday that mortgage interest rates have fallen, marking the first drop in six weeks. The latest Primary Mortgage Market Study revealed that the average interest rate for a 30-year fixed mortgage decreased slightly to 6.67%, down from 6.69% the previous week. […]
Home sales decreased in July due to high mortgage rates and increasing prices pushing homebuyers aside.
U.S. Home Sales Decline in July Sales of previously owned homes in the United States saw another decline in July. The high prices and rising mortgage rates are proving tough for many potential buyers. According to the National Association of Realtors, existing home sales dropped by 1.7% from June, landing at an annual rate of […]
Home sales rise in June, yet increased mortgage rates continue to discourage potential buyers.
Single-Family Home Sales Experience Slight Uptick in June New single-family home sales in the United States managed to reverse a two-month downward trend in June. However, the ongoing rise in mortgage rates and home prices is still keeping many potential buyers sidelined. Sales of new homes increased by 1.6%, reaching 628,000 units on a seasonally […]
Freddie Mac reports that the 30-year fixed mortgage rate has hit an 11-month peak.
Marcus Lemonis asserts that skyrocketing housing prices are mainly a result of inadequate supply rather than just regulatory issues. He points out the significance of permits and safety inspections, and challenges the notion that reducing bureaucratic barriers would drastically cut prices. This week, mortgage rates saw another increase, hitting their highest level in almost a […]
Macquarie’s first female CEO is stepping down, and a mortgage expert is appointed as her successor
Greg Ward is set to take over for Shemara Wickramanayake, who will retire in November. issued Thursday, July 23, 2026 · 05:19 PM [SYDNEY] Macquarie Group has selected Greg Ward as its new chief executive officer, a move that follows his notable contributions to the company’s retail banking growth. Ward will take over from Shemara […]