Home sales remain at a 30-year low in 2025 due to rising mortgage rates and high prices affecting the market.
U.S. Housing Market’s Continued Struggles The decline in the U.S. housing market has now stretched into its fourth year as of 2025, with home sales lingering at a 30-year low. Higher home prices, coupled with increased mortgage interest rates, have dissuaded many potential buyers from entering the market. According to the National Association of Realtors, […]
Mortgage refinance requests rise 40% due to $200B bond purchases by Trump
Surge in Mortgage Refinancing Following Trump’s Bond Purchase Order Last week, President Trump announced a substantial $200 billion plan for government bond purchases, which has led to a significant spike in mortgage refinancing requests—up by 40%. For the first time in several years, mortgage interest rates briefly dipped below 6%. The demand for refinancing actually […]
Mortgage rates drop under 6% for the first time in 2023 after a $200B bond purchase order from Trump.
Mortgage rates have dipped below 6% for the first time in years, following President Trump’s directive to buy $200 billion in mortgage bonds as part of efforts to tackle the housing crisis. As of Monday, the average interest rate on a 30-year fixed mortgage was reported at 5.87%, a drop from 5.99% on Friday, marking […]
Fannie and Freddie to Purchase $200 Billion in Mortgage Debt to Lower Mortgage Rates
Trump’s Push for Mortgage Bond Purchases President Donald Trump announced that directing Fannie Mae and Freddie Mac to purchase $200 billion in mortgage bonds could help lower mortgage rates and monthly payments, as part of his efforts to combat affordability issues. In a message on social media, he stated: “I’m directing Congress to purchase $200 […]
Mortgage rates reach their lowest in 2025, providing comfort for homebuyers in need of loans
Mortgage Rates Fall as Housing Market Shows Improvement According to a recent report, homebuyers can approach 2026 with a more optimistic outlook, primarily because mortgage rates have dropped to their lowest levels in 2025. This information was shared by Jenna Stauffer, a Sotheby’s International Real Estate Broker, who appeared on Morning with Maria to discuss […]
Mesa terminates credit card that incentivized users for mortgage payments
Mesa Shuts Down Home Owner’s Card Program Fintech startup Mesa has announced the closure of its Home Owner’s Card, which allowed cardholders to earn points for mortgage payments. As of December 12, the company stated that “all Mesa Homeowners Card accounts have been closed.” It added that all credit cards have been deactivated, meaning they […]
Mortgage rates increase to 6.22%
Soaring Home Construction Costs and Mortgage Rates Update FOX Business reporter Jeff Flock recently appeared on Varney & Co. to discuss how mandatory electric vehicle (EV) wiring, roofs designed for solar panels, and stricter insulation rules are driving up home construction expenses. On Thursday, mortgage buyer Freddie Mac reported an increase in stock prices this […]
Grand jury decides not to charge NY Attorney General Letitia James after mortgage fraud charges were refiled by the DOJ
Grand Jury Declines to Indict New York AG Letitia James A federal grand jury decided on Thursday not to indict New York State Attorney General Letitia James, which is a notable setback for the prosecutors involved in a revised criminal mortgage fraud case. This information has been confirmed by various sources. The jury was asked […]
Figure is moving the mortgage market onto the blockchain
Transforming the Mortgage Process It’s interesting how things can change. For a long time, navigating the mortgage landscape was a daunting task, riddled with lengthy procedures and mountains of paperwork. It often felt more like a labyrinth than a straightforward transaction, taking months to finalize. Enter Figure, a fintech company based in New York, which […]
Swalwell files a lawsuit against Trump’s FHFA Director after a criminal mortgage fraud case, stating that a D.C. home is owned by his wife.
Swalwell Files Lawsuit Against Former FHFA Head California Congressman Eric Swalwell has initiated a federal civil lawsuit against William Pelt, who led the Federal Housing Finance Agency (FHFA) during the Trump administration. The case has been filed in the U.S. District Court for the District of Columbia. The lawsuit claims that Pelt breached the Privacy […]