Mortgage rates have reached their lowest point since mid-March but economists worry inflation and economic uncertainty caused by tensions in the Middle East will result in temporary decreases versus more sustained stability. The average mortgage rate ticked down 7 basis points to 6.23%, down from 6.30% last week, according to the latest Primary Mortgage Market…
At a press conference on Wednesday, April 22 (attended virtually by RISMedia), Director of the Federal Housing Finance Agency (FHFA) Bill Pulte and Housing and Urban Development (HUD) Secretary Scott Turner announced that “effective immediately,” government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac will begin accepting new credit scores, VantageScore 4.0 and FICO 10T, for…
‘In a holding pattern’ is how economists are describing the spring market moving into April, with more policy stability and conflict resolution needed to move buyers and sellers back from the sidelines. The average mortgage rate ticked down 9 basis points to 6.37% this week, down from 6.46% last week after several weeks of increases,…
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The average 30-year fixed mortgage rate increased for the fifth consecutive week, rising to 6.46% as the ongoing war in Iran continues to roil financial markets, economists said. The average mortgage rate ticked up 8 basis points to 6.46% this week, according to the latest Primary Mortgage Market Survey® (PMMS®), released by Freddie Mac Thursday,…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. – After weeks of mortgage rates falling down in the opening weeks of 2026, mortgage rates have now climbed back up above 6% following the commencement of the U.S.-Iran war. As of the week…
While conflict continues to brew in the Middle East, mortgage rates continue to rise due to the war’s effect on oil prices, according to the latest Freddie Mac data. Freddie Mac’s latest Primary Mortgage Market Survey found that the 30-year fixed-rate mortgage (FRM) averaged 6.38% as of March 26, 2026, up from last week when…
While mortgage rates hit a high for the year so far, reflecting escalating geopolitical tensions in the Middle East, analysts point to average rates still remaining below year-ago levels and offering some improvement to buyers purchasing power. The average mortgage rate ticked up 11 basis points to 6.22% this week, up from 6.11% last week,…
Editor’s Note: The Mortgage Mix is RISMedia’s biweekly highlight reel of need-to-know mortgage-industry happenings. Watch for it every other Friday afternoon. After dipping below 6% in previous weeks, mortgage rates rose to 6.11% as of the week of March 13. National Association of Realtors® (NAR) Principal Economist and Director of Real Estate Research Nadia Evangelou…
The average mortgage rate remaining at or around the low 6% range continues to spur buyer activity, but economists warn it may not be enough to create a much-needed market shift in the face of ongoing economic uncertainty and wartime market volatility. The average mortgage rate ticked up 11 basis points to 6.11% this week,…
After a brief dip into the fives, mortgage rates ticked back up this week and will likely continue to rise if the conflict with Iran escalates into a prolonged war, economists cautioned this week. “The launch of the conflict in Iran over the weekend and its subsequent escalation has stoked fears of wartime inflation that…
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