Latest news with #FreddieMac
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10 hours ago
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New housing directive could quietly change who qualifies for loans
New housing directive could quietly change who qualifies for loans originally appeared on TheStreet. President Donald Trump has vowed to turn the U.S. into the "crypto capital of the world." He has pursued an aggressive pro-crypto policy during his second term, such as signing executive orders to establish a strategic Bitcoin reserve and pursuing crypto regulatory bills. Now, the Trump administration has taken another step in the direction of crypto adoption. On June 25, William Pulte, director of the Federal Housing Finance Agency (FHFA), issued an order that directs the Federal National Mortgage Association (FNMA) and the Federal Home Loan Mortgage Corporation (FMCC) — popularly called Fannie Mae and Freddie Mac — to consider cryptocurrency as an asset as part of mortgage requests. Join the discussion with Scott Melker on. Fannie Mae and Freddie Mac are government-backed enterprises that purchase mortgages on the secondary market, issue them as mortgage-backed securities (MBSs), and guarantee payments to investors. While the enterprises don't issue mortgages, they issue guidelines around them. Pulte's directive asks these enterprises to formulate proposals to consider crypto assets for reserves in single-family mortgage loan risk assessments. Unlike earlier, the newly proposed process doesn't require the conversion of virtual assets into U.S. dollar as the loan closes. The latest move by the federal housing regulator is reflective of the broader shift toward institutional recognition of crypto as legitimate assets in the U.S. Nonetheless, the order is careful enough to caution Fannie Mae and Freddie Mac against considering cryptocurrencies not stored on U.S.-regulated, centralized trading exchanges. Join the discussion with CryptoWendyO on. Michael Saylor, the billionaire entrepreneur who leads the world's largest public Bitcoin treasury company MicroStrategy (Nasdaq: MSTR), congratulated Pulte on the move. One X user, however, was disappointed with the FHFA's decision to prefer assets held on centralized crypto exchanges over those held in self-custody. New housing directive could quietly change who qualifies for loans first appeared on TheStreet on Jun 26, 2025 This story was originally reported by TheStreet on Jun 26, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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15 hours ago
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Why Circle Internet Stock Plummeted This Week
The company's stock is up more than 116% since its IPO earlier this month. The stock is already carrying a hefty premium, making investors wary. 10 stocks we like better than Circle Internet Group › Shares of Circle Internet Group (NYSE: CRCL) fell this week, down 24.9% as of market close on Friday. The slide comes as the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq-100 were up 3.4% and 4.2%, respectively. The company, which went public earlier this month, is the sole issuer of USDC, one of the most popular stablecoins on the market. After an incredible post-IPO run, the company's stock retreated this week as investors grew wary of its valuation. Last week, the Senate's passage of the Genius Act, which creates a legal framework for stablecoins and their use in the banking industry, sent Circle stock flying. This week, news that top Republicans want to fast-track the legislation through the House wasn't enough to keep Circle stock moving higher. It was also big news that the Federal Housing Finance Agency (FHFA) had ordered Fannie Mae and Freddie Mac to formally consider cryptocurrency as an asset in mortgage loan risk assessments, further integrating crypto into traditional finance. Even after this week's nearly 25% retreat, Circle's market capitalization is still north of $43 billion. With sales last year of $1.7 billion and net income of just $155.7 million, that is a hefty valuation. There is a ton of growth baked into the current stock price -- too much for my taste. While I think stablecoins and USDC will grow rapidly in adoption, there are several glaring issues with Circle that makes me hesitate. Namely, as part of its partnership agreements, Circle owes the majority of its revenue to its partners, especially Coinbase. Also, the company's revenue is extremely vulnerable to changes in interest rates. If rate cuts come, expect Circle's top line to be cut too. Before you buy stock in Circle Internet Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Circle Internet Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy. Why Circle Internet Stock Plummeted This Week was originally published by The Motley Fool Connectez-vous pour accéder à votre portefeuille
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16 hours ago
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Crypto Daybook Americas: Bitcoin Retreats From $108K, But Bulls Aren't Done
By Omkar Godbole (All times ET unless indicated otherwise) Slowly, then suddenly. That sums up the adoption of bitcoin (BTC) and the wider cryptocurrency market by institutions. It started with Strategy, then called MicroStrategy, adopting BTC as a balance sheet asset in 2020. Now the head of the U.S. government agency overseeing Fannie Mae and Freddie Mac wants the mortgage giants to consider homebuyers' cryptocurrency holdings in their criteria for buying mortgages from banks. "After significant studying, and in keeping with President Trump's vision to make the United States the crypto capital of the world, today I ordered the Great Fannie Mae and Freddie Mac to prepare their businesses to count cryptocurrency as an asset for a mortgage. SO ORDERED," Bill Pulte, director of the Federal Housing Finance Agency, said on X. Getting entrenched in the housing market of the world's largest economy can only add to the ongoing bull momentum in BTC and other cryptocurrencies. And, in a move that could markedly improve big banks' ability to create credit, the Federal Reserve advanced a long-awaited plan to overhaul bank capital requirements. That's a positive development for risk assets. It's no surprise that BTC, which is most sensitive to fiat liquidity conditions, has extended gains in the past 24 hours, topping $108,000 at one point. The broader market capitalization is fast approaching a volatility threshold, according to FxPro's analyst Alex Kuptsikevich. "The crypto market cap increased by another 1% to $3.31 trillion, reaching the threshold of increased volatility. Just above that, in the $3.40–3.55 trillion range, is a turning point, which has activated sellers and prevented the market from consolidating higher," Kuptsikevich said in an email, noting a rise in the Fear and Greed Index to 74, just one point below the extreme greed zone. In other news, spot BTC ETFs recorded a net inflow of $548 million, marking 12 consecutive days of positive flows. Metaplanet purchased another 1,234 BTC, a day after announcing a $515 million raise to fund the treasury strategy. Meanwhile, Nasdaq-listed Bit Digital announced a strategic shift to become a pure-play ether (ETH) staking and treasury company. The Hong Kong Government issued a policy statement on the development of digital assets, focusing on streamlining regulatory aspects, expanding the suite of tokenized products, advancing use cases and cross-sectoral collaboration. In traditional markets, futures tied to the Nasdaq index rose to record highs, pointing to continued risk-on sentiment while the dollar index continued to lose ground. Stay alert! Crypto June 30: CME Group will introduce spot-quoted futures, pending regulatory approval, allowing trading in bitcoin, ether and major U.S. equity indices with contracts holdable for up to five years. Macro June 26, 8:30 a.m.: The U.S. Census Bureau releases May manufactured durable goods orders data. Durable Goods Orders MoM Est. 8.5% vs. Prev. -6.3% Durable Goods Orders Ex Defense MoM Prev. -7.5% Durable Goods Orders Ex Transportation MoM Est. 0% vs. Prev. 0.2% June 26, 8:30 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases (final) Q1 GDP data. GDP Growth Rate QoQ Final Est. -0.2% vs. Prev. 2.4% GDP Price Index QoQ Final Est. 3.7% vs. Prev. 2.3% GDP Sales QoQ Final Est. -2.9% vs. Prev. 3.3% June 26, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended June 21. Initial Jobless Claims Est. 245K vs. Prev. 245K Continuing Jobless Claims Est. 1950K vs. Prev. 1945K June 26, 3 p.m.: The Bank of Mexico announces its interest rate decision. Overnight Interbank Target Rate Est. 8% Prev. 8.5% June 27, 9:15 a.m.: Fed Governor Lisa D. Cook will deliver a speech at a Fed Listens event hosted by the Federal Reserve Bank of Cleveland. Livestream link. June 27, 8 a.m.: The Brazilian Institute of Geography and Statistics (IBGE) releases May unemployment rate data. Unemployment Rate Est. 6.4% vs. Prev. 6.6% June 27, 8 a.m.: Mexico's National Institute of Statistics and Geography releases May unemployment rate data. Unemployment Rate Est. 2.5% vs. Prev. 2.5% June 27, 8:30 a.m.: The U.S. Bureau of Economic Analysis (BEA) releases May consumer income and expenditure data. Core PCE Price Index MoM Est. 0.1% vs. Prev. 0.1% Core PCE Price Index YoY Est. 2.6% vs. Prev. 2.5% PCE Price Index MoM Est. 0.1% vs. Prev. 0.1% PCE Price Index YoY Est. 2.3% vs. Prev. 2.1% Personal Income MoM Est. 0.3% vs. Prev. 0.8% Personal Spending MoM Est. 0.1% vs. Prev. 0.2% June 27, 10 a.m.: The University of Michigan releases (final) June U.S. consumer sentiment data. Michigan Consumer Sentiment Est. 60.5 vs. Prev. 52.2 Earnings (Estimates based on FactSet data) None in the near future. Governance votes & calls Lido DAO is voting on updating its Block Proposer Rewards Policy to SNOP v3. The proposal sets new standards for node operators, including use of vetted APMs and clearer responsibilities to enhance decentralization, fair rewards, and operational security. Voting ends June 30. Arbitrum DAO is voting on lowering the constitutional quorum threshold from 5% to 4.5% of votable tokens. This aims to match decreased voter participation and help well-supported proposals pass more easily, without affecting non-constitutional proposals, which remain at a 3% quorum. Voting ends July 4. The Polkadot community is voting on launching a non-custodial Polkadot branded payment card to 'to bridge the gap between digital assets in the Polkadot ecosystem and everyday spending.' Voting ends July 9. Unlocks June 30: Optimism OP to unlock 1.79% of its circulating supply worth $16.82 million. July 1: Sui SUI to unlock 1.3% of its circulating supply worth $117.91 million. July 2: Ethena ENA to unlock 0.67% of its circulating supply worth $10.52 million. July 11: Immutable IMX to unlock 1.31% of its circulating supply worth $10.11 million. July 12: Aptos APT to unlock 1.76% of its circulating supply worth $54.17 million. July 15: Starknet STRK to unlock 3.79% of its circulating supply worth $14.07 million. Token Launches June 26: Coinbase to delist Helium Mobile (MOBILE), Render RNDR, Ribbon Finance RBN and Synapse SYN. June 26: Sahara AI (SAHARA) to be listed on OKX, Bitget, MEXC, CoinW, and others. The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Space is limited. Use code CDB10 for 10% off your registration through July 17. Day 3 of 3: Blockworks' Permissionless IV (New York) Day 2 of 2: Bitcoin Policy Institute's Bitcoin Policy Summit 2025 (Washington) Day 2 of 2: CDAO Government 2025 (Washington) Day 2 of 2: FinTech Summit Africa 2025 (Johannesburg) Day 2 of 2: Money Expo Colombia 2025 (Bogota) Day 2 of 2: 2025 (New York) Day 2 of 3: 7th Blockchain and Internet of Things Conference (Tsukuba, Japan) Day 2 of 3: 7th International Congress on Blockchain and Applications (Lille, France) Day 2 of 4: Solana Solstice 2025 (New York) June 26: The Injective Summit (New York) June 26: Webit 2025 (Sofia, Bulgaria) Day 1 of 2: Istanbul Blockchain Week Day 1 of 2: Seoul Meta Week 2025 (Seoul) June 28: Cyprus Blockchain Summit 2025 (Limmasol) June 28-29: The Bitcoin Rodeo (Calgary, Canada) June 30: RWA Cannes Summit 2025 (Cannes, France) June 30 to July 3: Ethereum Community Conference (Cannes, France) June 30 to July 5: World Venture Forum 2025 (Kitzbühel, Austria) By Shaurya Malwa SEI is up 50% in a week, leading all top 100 tokens, as analysts call a 'clean, multi-factor rally' with smart money at the wheel. Wyoming named SEI as a settlement layer for its state-backed dollar pilot (WYST), giving the chain rare institutional cred and lifting visibility. Catalysts stacked up fast: airdrop v2 snapshot, 9% validator APY bump and zero meaningful token unlocks in the near term. CEX inflows topped $3M, while perp open interest rose just 9% and funding stayed flat — a classic sign of organic, spot-led buying. Sei's TVL crossed $540M, with DEX volume hitting a record $60M on Wednesday, per DeFiLlama — indicating rising DeFi traction. Analysts warn that funding in excess of 0.05% or open interest outpacing spot would signal leverage creep and possible overextension. For now, momentum is clean, macro is supportive, and July could bring more upside if risk appetite holds. BTC's slight pullback from Wednesday's high of over $108,250 is accompanied by an uptick in perpetual futures open interest on major exchanges. It's possible some market participants are taking hedges against a price drop. BCH, PEPE and XMR have seen the most increase in open interest in the past 24 hours. On the CME, BTC futures open interest jumped to a four-week high of 159.85K BTC. Still, the basis remains flat below 10%, weakening the bullish positioning narrative. On Deribit, risk reversals have normalized to show slight call bias in BTC options. ETH near-term tenors still show a slight put premium. Flows have been mixed on OTC liquidity network Paradigm, featuring risk reversals and some demand for call options. BTC is down 0.37% from 4 p.m. ET Wednesday at $107,446.08 (24hrs: +0.17%) ETH is up 1.29% at $2,473.17 (24hrs: +1.41%) CoinDesk 20 is down 0.34% at 2,997.24 (24hrs: -0.03%) Ether CESR Composite Staking Rate is down 10 bps at 3.04% BTC funding rate is at -0.0004% (-0.4303% annualized) on Binance DXY is down 0.56% at 97.14 Gold futures are up 0.33% at $3,354.10 Silver futures are up 1.45% at $36.63 Nikkei 225 closed up 1.65% at 39,584.58 Hang Seng closed down 0.61% at 24,325.40 FTSE is up 0.14% at 8,731.26 Euro Stoxx 50 is up 0.13% at 5,258.69 DJIA closed on Wednesday down 0.25% at 42,982.43 S&P 500 closed unchanged at 6,092.16 Nasdaq Composite closed up 0.31% at 19,973.55 S&P/TSX Composite closed down 0.57% at 26,566.32 S&P 40 Latin America closed down 0.74% at 2,611.91 U.S. 10-Year Treasury rate is down 2 bps at 4.28% E-mini S&P 500 futures are up 0.27% at 6,163.50 E-mini Nasdaq-100 futures are up 0.41% at 22,552.75 E-mini Dow Jones Industrial Average Index are up 0.20% at 43,392.00 BTC Dominance: 65.65% (-0.11%) Ethereum to bitcoin ratio: 0.02297 (1.95%) Hashrate (seven-day moving average): 803 EH/s Hashprice (spot): $54.23 Total Fees: 4.81 BTC / $515,528 CME Futures Open Interest: 159,850 BTC BTC priced in gold: 32.1 oz BTC vs gold market cap: 9.1% The bullish case for the Binance-listed bitcoin-bitcoin cash pair looks strong as the 50-day simple moving average (SMA) appears on track to cross above the 200-day SMA. That would confirm a golden cross, a long-term bullish indicator. Effective June 30, the price for Galaxy will be for its Nasdaq listing denominated in U.S. dollars rather than the Canadian-dollar-denominated listing on the TSX. Strategy (MSTR): closed on Wednesday at $388.67 (+3.09%), -0.38% at $387.20 in pre-market Coinbase Global (COIN): closed at $355.37 (+3.06%), +0.44% at $356.95 Circle (CRCL): closed at $198.62 (-10.79%), -1.17% at $196.29 Galaxy Digital Holdings (GLXY): closed at C$26.61 (-1.7%) MARA Holdings (MARA): closed at $14.98 (+0.67%), unchanged in pre-market Riot Platforms (RIOT): closed at $10 (-0.2%), +0.1% at $10.01 Core Scientific (CORZ): closed at $12.3 (+0.74%), +0.33% at $12.34 CleanSpark (CLSK): closed at $10.60 (+5.58%), -0.19% at $10.58 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $19.48 (+0.31%) Semler Scientific (SMLR): closed at $41.04 (-2.03%), -0.15% at $40.98 Exodus Movement (EXOD): closed at $31.16 (-8.78%), unchanged in pre-market Spot BTC ETFs Daily net flow: $547.7 million Cumulative net flows: $48.12 billion Total BTC holdings ~ 1.23 million Spot ETH ETFs Daily net flow: $60.4 million Cumulative net flows: $4.14 billion Total ETH holdings ~ 4.06 million Source: Farside Investors The chart shows the amount of USDtb borrowed on decentralized lending and borrowing giant Aave. USDtb is an Ethena ecosystem stablecoin backed by Blackrock's BUIDL. The tally has risen sharply to record high, signaling a pick up in demand for yield-bearing stablecoins in DeFi. Uproar Over Leaked Intelligence Underlines Murky View of Iran Strikes (The Wall Street Journal): Trump insisted the Iran strikes severely crippled its nuclear program, while experts and former officials warned that uranium stockpiles may have been relocated and key damage remains unverified. Bitcoin's Bull Case Strengthens as Dollar Index Slides, Nvidia Hits Record High Amid Recession Cues (CoinDesk): Bitcoin has rebounded 10% from weekend lows amid continued dollar weakness, growing calls for a July Fed rate cut, and disappointing U.S. data on housing and consumer confidence. Metaplanet Overtakes Musk's Tesla, Becomes Fifth-Largest Corporate Bitcoin Holder (CoinDesk): The Japanese firm bought 1,234 BTC for $133 million, bringing total holdings to 12,345 BTC at an average price of $98,303. World Liberty Makes Narrative U-Turn, Says WLFI Token Will Become Tradable Soon (CoinDesk): After initially saying its WLFI token would remain non-tradable, the Trump-linked crypto project now says a transfer function is in development, signaling a potential shift toward public trading. Fears Over U.S. Debt Load and Inflation Ignite Exodus From Long-Term Bonds (Financial Times): Investors worry that Trump's trade policy will fuel inflation and his tax-and-spending bill will deepen U.S. debt, eroding the appeal of long-dated U.S. government and corporate bonds. Coinbase Brings Wrapped Cardano, Litecoin to Base With cbADA, cbLTC (CoinDesk): Coinbase has minted over 2.9 million cbADA and 11,300 cbLTC on Base, each fully backed by ADA and LTC held in custody, with regular proof-of-reserves to back up the claims.
Yahoo
a day ago
- Business
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Mortgage rates fall for 4th straight week, lowest since early May
Mortgage rates fell for the fourth consecutive week to the lowest level since early May, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell to 6.77% from last week's reading of 6.81%. The average rate on a 30-year loan was 6.86% a year ago. Housing Crisis Deepens As 47 Major Metro Areas Now Require Homebuyers To Spend More Than 30% Of Income "Borrowers should find comfort in the stability of mortgage rates, which have only fluctuated within a narrow 15-basis point range since mid-April," said Sam Khater, Freddie Mac's chief economist. "Although recent data show that home sales remain low, the resulting available inventory provides homebuyers with a wider range of options to consider when entering the market." These States Were The Housing Market Mvps, According To Read On The Fox Business App The average rate on the 15-year fixed mortgage fell to 5.89% from last week's reading of 5.96%. One year ago, the rate on the 15-year fixed note averaged 6.16%. The lower rates, while welcome news, come as a new report said affordability in just three of America's 50 top metro areas is such that households that make the median income can scoop up a home that will not go above 30% of their yearly earnings. said it determined the three major metro areas where the 30% rule – one in which potential homebuyers limit their mortgage payment to 30% of their monthly income – remains feasible by "using a standard 20% down payment and May's average mortgage rate of 6.82%." It also factored in tax and insurance. Those metro areas were Pittsburgh, Pennsylvania; Detroit-Warren-Dearborn, Michigan; and St. Louis, Missouri, the real estate marketplace said. Median annual household incomes in those cities were $72,935, $72,493 and $79,869, respectively, according to the report. Nationwide, found roughly 44.6% of income would be necessary for a household to be capable of financially handling a "median-priced" home. "Earnings have risen, but homebuying costs have risen faster, which means that adhering to affordability guidelines can feel challenging if not impossible in many housing markets across the country," said chief economist Danielle article source: Mortgage rates fall for 4th straight week, lowest since early May Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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a day ago
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Mortgage and refinance interest rates today, June 27, 2025: Slowly easing lower again this week
Mortgage rates eased lower yet again this week. According to Freddie Mac, the one-week average for the 30-year fixed interest rate dropped four basis points from last week to 6.77%. The 15-year fixed rate fell seven basis points over the past week to an average of 5.89%. Home loan interest rates have been moving mostly sideways since mid-April, wobbling within a 15-basis point range. Over the past 52 weeks, 30-year rates have ranged from a low of 6.08% to a high of 7.04%. Dig deeper: 2025 housing market — Is it a good time to buy a house? Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.57% 20-year fixed: 6.25% 15-year fixed: 5.82% 5/1 ARM: 7.07% 7/1 ARM: 7.24% 30-year VA: 6.15% 15-year VA: 5.57% 5/1 VA: 6.30% Remember, these are the national averages and rounded to the nearest hundredth. Learn more: Should you lock in a mortgage rate? These are today's mortgage refinance rates, according to the latest Zillow data: 30-year fixed: 6.62% 20-year fixed: 6.36% 15-year fixed: 5.92% 5/1 ARM: 7.13% 7/1 ARM: 7.57% 30-year VA: 6.18% 15-year VA: 5.78% 5/1 VA: 6.17% Again, the numbers provided are national averages rounded to the nearest hundredth. Mortgage refinance rates are often higher than rates when you buy a house, although that's not always the case. Learn more: Want to refinance your mortgage? Here are 7 home refinance options. Your mortgage rate plays a large role in how much your monthly payment will be. Use this mortgage calculator to see how your mortgage amount, rate, and term length will impact your monthly payments: To get an even more detailed look at your potential monthly payment, use our Yahoo Finance mortgage calculator. It also factors in your homeowners insurance, property taxes, mortgage insurance, and HOA fees. A mortgage interest rate is a fee for borrowing money from your lender, expressed as a percentage. You can choose from two types of rates: fixed or adjustable. A fixed-rate mortgage locks in your rate for the entire life of your loan. For example, if you get a 30-year mortgage with a 6% interest rate, your rate will stay at 6% for the entire 30 years unless you refinance or sell. An adjustable-rate mortgage locks in your rate for a predetermined amount of time and then changes it periodically. Let's say you get a 7/1 ARM with an introductory rate of 6%. Your rate would be 6% for the first seven years, then the rate would increase or decrease once per year for the last 23 years of your term. Whether your rate goes up or down depends on several factors, such as the economy and housing market. At the beginning of your mortgage term, most of your monthly payment goes toward interest. Your monthly payment toward mortgage principal and interest stays the same throughout the years — however, less and less of your payment goes toward interest, and more goes toward the mortgage principal or the amount you originally borrowed. Learn more: Adjustable-rate vs. fixed-rate mortgages A 30-year fixed-rate mortgage is a good choice if you want a lower mortgage payment and the predictability that comes with having a fixed rate. Just know that your rate will be higher than if you choose a shorter term, and will result in paying significantly more in interest over the years. You might like a 15-year fixed-rate mortgage if you want to pay off your home loan quickly and save money on interest. These shorter terms come with lower interest rates, and since you're cutting your repayment time in half, you'll save a lot in interest in the long run. But you'll need to be sure you can comfortably afford the higher monthly payments that come with 15-year terms. Read more: How to decide between a 15-year and 30-year fixed-rate mortgage Typically, an adjustable-rate mortgage could be good if you plan to sell before the introductory rate period ends. Adjustable rates usually start lower than fixed rates, then your rate will change after a predetermined amount of time. However, 5/1 and 7/1 ARM rates have similar to (or even higher than) 30-year fixed rates recently. Before getting an ARM just for a lower rate, compare your rate options from term to term and lender to lender. Mortgage rates have been moving in a tight range for the past few weeks. Still, they are slightly lower than this week in 2024. Even though mortgage rates have fallen over the last year, they probably won't plummet in the short term. So, when will mortgage rates go down enough to lower your monthly payment significantly? It could be months, if not well over a year. If you are ready to buy a house but holding out for lower rates, it might not be worth the wait. According to Freddie Mac, the national average 30-year mortgage rate is down four basis points to 6.77%, and the average 15-year mortgage rate has fallen by seven basis points to 5.89%. According to its June forecast, the Mortgage Bankers Association (MBA) expects the 30-year mortgage rate to be 6.8% in Q3 2025 and 6.7% by the end of the year. That's just a one basis point revision higher from its May outlook. The MBA is looking for mortgage rates to remain in the mid 6% range through 2026 and have an annual average of 6.3% in 2027. Mortgage rates are likely to remain mostly unchanged through the third quarter of 2025, with a chance that they may slip slightly lower by the end of the year.
