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Average long-term US mortgage rate climbs above 7% to highest level since late November

Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months ... read more

10 Best Mortgages for First-Time Homebuyers of April 2024

First-time homebuyers can get a lot of perks, including down payment assistance. Check out our top picks for the best mortgages for first-time homebuyers along with tips on how to find the right ... read more

Why you should lock in your mortgage rate this April

If you're in the market for a new home, April may be the month to lock in your mortgage rate. Find out why here. read more

Mortgage rates leap above 7% for first time this year

The average rate for a 30-year fixed-rate mortgage topped 7% this week for the first time in 2024 as elevated rates and high prices continue to pummel the housing market. read more

30-Year Mortgage Rates Fall a Tenth of a Point

After multiple increases over the past two weeks, rates on 30-year mortgages finally saw a downturn. Rates across almost every other loan type also declined. read more

20 mortgage originators with the largest FHA loan volume

National Mortgage News started running its annual loan officer rankings in 1999, with production data covering origination volume from 1998. Our survey of top producers is open to individual loan ... read more

Watermark Home Loans Mortgage Review 2024

Watermark Home Loans is a good lender for borrowers with unique financial situations. But it lacks transparency when it comes to its rates. See if this lender is right for you. read more

Loan buybacks haven’t disappeared, but they are trending down

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down. read more

Mortgage rates hit highest level since November 2023

Mortgage rates surged on the back of expectations that the Federal Reserve will hold off on interest-rate cuts in the near-term.  Mortgage rates rose for the third week in a row, rising to the highest ... read more

Some home buyers are still applying for mortgages even as rates soar past 7%

Mortgage applications rose 3.3% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage is 7.13%. read more

What is a no-appraisal home equity loan?

A no-appraisal home equity loan can save time and lower closing costs by not requiring a formal appraisal, but it sometimes leads to higher interest rates and lower loan limits. Be sure to compare ... read more

Mortgage Rates Rise Above 7% For First Time This Year

Freddie Mac reported 7.10% as the average on a 30-year mortgage, up 22 basis points from last week. It is the first time since December that rates have been above 7%. read more