The headlines this week: a bipartisan group of lawmakers in the House has reintroduced the Mortgage Insurance Freedom Act. If passed, it would allow FHA borrowers to cancel their mortgage insurance premiums (MIPs) once their loan-to-value ratio reaches 78% — the same way conventional private mortgage insurance (PMI) works. Sounds great, right? In theory, yes.…

Mortgage Rates This Week Mortgage rates are now averaging 6.39% for a 30-year fixed loan. That’s a little higher than last week, but still lower than what we saw much of this year. Why? When the Fed cut rates, the stock market jumped. That made bonds less attractive, which pushed mortgage rates up slightly. What’s…

Whenever the Federal Reserve announces a change to the Fed Funds Rate, headlines explode — and many homeowners assume mortgage rates are about to move in the same direction. But here’s the reality: the Fed Funds Rate does not directly set mortgage rates. So what does it actually do? The Fed Funds Rate is the…

Mortgage Rates & Refinancing Trends Mortgage rates fell to 6.26% as Treasury yields eased in anticipation of a Fed Funds rate cut. After the Fed delivered a 0.25% cut, stocks rallied, Treasury yields rose, and mortgage rates edged slightly higher Refinancing applications jumped significantly as homeowners seized the chance to lower costs or restructure debt.…

Mortgage Rates Hit a New Low The average U.S. 30-year fixed mortgage rate dropped to 6.35% this week, the lowest level since last fall. According to the Mortgage Bankers Association, overall mortgage applications are up 9.2% week-over-week, with refinancing driving most of the surge. National Housing Market Signals Refinancing activity is rising as borrowers seize…

1. Mortgage Rates Slip to 11-Month Low The average 30-year fixed mortgage rate fell to 6.50% this week—its lowest since October 2024—according to Freddie Mac.AP NewsFRED Daily surveys align, with figures from Mortgage News Daily showing 6.45%.MarketWatch 2. Refinancing Gains Momentum Refinancing activity is on the rise—homeowners are responding to falling rates with renewed interest.The…

Why 90 days late is the difference between buying a home and being denied. For many potential homebuyers, this is the single hidden factor that can derail their mortgage approval without warning.” Student loan repayments have resumed — and millions of Americans are at risk. There are more than 42 million student loan borrowers in…

Rates Hit a 10-Month Low The national average 30-year fixed mortgage rate dropped to 6.56% for the week ending August 28, according to Freddie Mac — the lowest level since October 2024. Daily surveys from Bankrate confirm similar levels at 6.54%. For homeowners, even a modest dip in rates is creating opportunity. A recent report…

From Reducing Costs to Building Wealth In yesterday’s post, we covered how tapping equity can lower your monthly out-of-pocket expenses and bring relief from high-interest consumer debt. But there’s another side of the coin — one that doesn’t just reduce costs, but actually builds wealth. That’s where Debt Service Coverage Ratio (DSCR) loans come in.…

Rates Are High, But Equity Is Higher It might sound strange—why would anyone refinance when rates are sitting in the high 6s? Because for many homeowners, the equity they’ve built is more powerful than the rate they’re giving up. According to the latest reports, cash-out refinances made up 60% of all refinances in Q2 2025,…