Implications of the Fed’s recent rate cut for your mortgage
The recent interest rate cut by the Federal Reserve is not going to immediately lower mortgage payments for homeowners. However, it may pave the way for more affordable borrowing, as mortgage rates are expected to drop to their lowest levels in over a year, according to Freddie Mac. On Wednesday, the Fed lowered its key […]
Venmo users will be able to use the app for rent and mortgage payments through a new partnership with Bilt and PayPal.
PayPal’s Digital Payment Revolution for Rent and Mortgages PayPal is looking to modernize how rent and mortgage payments are made. On Monday, the company revealed a unique partnership with Bilt Rewards. Beginning in early 2026, millions of Americans will have the option to pay their rent, mortgage, and even local businesses straight through Venmo. This […]
Letitia James Says Mortgage Fraud Case Involves a ‘Weaponized’ Justice System
Letitia James Denies Mortgage Fraud Allegations, Calls Them “Baseless” New York State Attorney General Letitia James has asserted that the mortgage fraud case against her isn’t about her personally, but rather an example of a “weaponized judicial system.” According to reports, James made these statements after entering a not guilty plea to charges of bank […]
Attorney General Letitia James from New York Claims Innocence in Mortgage Fraud Case
Letitia James Pleads Not Guilty to Bank Fraud Charges New York Attorney General Letitia James entered a not guilty plea on Friday, facing two felony charges of bank fraud and making false statements to a financial institution. According to prosecutors, James allegedly sought better loan terms. She had consulted her bank regarding the intended use […]
New York Attorney General Letitia James denies wrongdoing in mortgage fraud case
Letitia James Pleads Not Guilty in Mortgage Fraud Case New York Attorney General Letitia James has entered a not guilty plea in a mortgage fraud case, which comes shortly after President Trump encouraged the Justice Department to act against her. In court, when asked about her plea, James stated, “Judge, I am not guilty on […]
New York Attorney General Letitia James enters a ‘not guilty’ plea in federal mortgage fraud case
Letitia James Arraigned on Federal Charges New York Attorney General Letitia James appeared in federal court in Norfolk, Virginia, on Friday, where she pleaded not guilty to charges of bank fraud and making false statements to a financial institution. The allegations against James are linked to her 2020 purchase of a home in Norfolk. Prosecutors […]
Mortgage rates drop to 6.19%
Freddie Mac Reports Drop in Mortgage Rates This week, mortgage buyer Freddie Mac revealed that mortgage rates have dipped to their lowest point in a year. The average interest rate for a 30-year fixed mortgage decreased to 6.19%, down from 6.27% the previous week, according to Freddie Mac’s latest Primary Mortgage Market Survey. In comparison, […]
Mortgage rates decline to their lowest points of 2025
Mortgage Rates Hit Yearly Low This week, mortgage rates have dropped to their lowest point of the year. According to Freddie Mac’s latest Primary Mortgage Market Survey, the average interest rate for a 30-year fixed mortgage went down to 6.19%, down from 6.27% the previous week. To give some context, a year ago—on October 24, […]
Virginia hosts mortgage fraud hearing with NY AG Letitia James.
Letitia James Faces Mortgage Fraud Charges New York Attorney General Letitia James was seen leaving her Brooklyn home on Thursday, heading for her federal arraignment in Virginia related to mortgage fraud allegations. Interestingly, her grandmother, described as a “fugitive,” is also facing legal issues, including a possible restraining order for allegedly threatening school officials recently. […]
Home sales reach a seven-month peak as decreasing mortgage rates attract buyers
U.S. Home Sales See Boost in September In September, the sales of previously owned homes in the U.S. picked up speed, likely spurred by lower mortgage rates and an increase in available properties, which, you know, tends to encourage buyers to jump in. According to the National Association of Realtors, existing home sales climbed by […]