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Mortgage Rates Increase
Globenewswire· 2025-10-02 16:00
MCLEAN, Va., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.34%. “The 30-year fixed-rate mortgage increased again this week but remains below its 52-week average of 6.71%,” said Sam Khater, Freddie Mac’s Chief Economist. “The last few months have brought lower rates and as indicated by the recently reported increase in pending home sales, homebuyers are feeling mor ...
Mortgage Rates Increase
Globenewswire· 2025-10-02 16:00
Primary Mortgage Market Survey® U.S. weekly average mortgage rates as of 10/2/2025. MCLEAN, Va., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.34%. “The 30-year fixed-rate mortgage increased again this week but remains below its 52-week average of 6.71%,” said Sam Khater, Freddie Mac’s Chief Economist. “The last few months have brought lower rates and as indic ...
Shutdown tests lenders' plans to keep loans moving
American Banker· 2025-10-02 10:00
With the U.S. government shutdown in effect and little progress made on an eventual reopening, mortgage lenders are busy measuring operational impacts while introducing strategies drawn on past experience to keep business flowing. As of Wednesday, many questions remain about the full extent of the impact on support provided to lenders, with most federal services coming to a halt. The disruption of services provided by government offices essential to home finance, particularly the Federal Housing Agency and ...
U.S. Markets Navigate Government Shutdown and Weak Jobs Data, Tech and Lithium Shine
Stock Market News· 2025-10-01 16:07
U.S. stock markets are demonstrating a remarkable resilience at midday on Wednesday, October 1st, 2025, largely shrugging off the impact of a fresh government shutdown and weaker-than-expected employment data. While futures initially dipped on the news of the shutdown, major indexes have pared early losses, with some even turning positive, as investors assess the broader economic landscape and upcoming policy decisions. This midday momentum suggests a market accustomed to political gridlock, though underlyi ...
Rate-indicative yields dive as partisan war ignites shutdown
American Banker· 2025-10-01 15:37
A government shutdown arrived Wednesday due to an intense partisan divide in budget negotiations, prompting bond investor activity that could lower mortgage rates but otherwise challenge the housing market.Investors flooded further into the perceived safety of treasury bonds, putting downward pressure on rate-indicative yields as several government agencies pulled back "non-essential" services related to housing and furloughed workers, with potential for layoffs. The 10-year yield typically correlated with ...
Rocket Companies Closes $14.2 Billion Acquisition of Mr. Cooper
Prnewswire· 2025-10-01 11:50
"Homeownership is the bedrock of the American Dream. By combining mortgage servicing and loan origination, along with home search through Redfin, we are paving the path for Americans to own the dream," said Varun Krishna, CEO and Director of Rocket Companies. "Jay Bray and his team have built a technology- driven platform that is the backbone of Mr. Cooper, helping it scale to become the largest servicer in the country. By integrating Mr. Cooper's servicing strength with Rocket's origination capabilities an ...
Mortgage and refinance interest rates today, October 1, 2025: A small move down as rates work to find a direction
Yahoo Finance· 2025-10-01 10:00
Mortgage interest rates took small steps lower today. According to Zillow, the average 30-year fixed mortgage rate fell one basis point to 6.35% while the 15-year rate dropped eight basis points to 5.61%. Read more: Where and how to find the lowest mortgage rates right now Today's mortgage rates Here are the current mortgage rates, according to the latest Zillow data: 30-year fixed: 6.35% 20-year fixed: 5.89% 15-year fixed: 5.61% 5/1 ARM: 6.56% 7/1 ARM: 6.85% 30-year VA: 5.86% 15-year VA: 5.54% ...
Rocket Companies Announces the Expiration and Final Results of Exchange Offers and Consent Solicitations for Any and All of Nationstar Mortgage Holdings Inc.'s 6.500% Senior Notes Due 2029 and 7.125% Senior Notes Due 2032
Prnewswire· 2025-09-30 23:50
Accessibility StatementSkip Navigation DETROIT, Sept. 30, 2025 /PRNewswire/ --Â Rocket Companies, Inc. (NYSE: RKT) (the "Company" or "Rocket Companies"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, announced today the expiration and final results of its previously announced offers to exchange and consent solicitations (collectively, the "Exchange Offers and Consent Solicitations") for the $750.0 million aggregate principal amount of outstanding ...
Rocket Companies Announces the Expiration and Final Results of Cash Tender Offers and Consent Solicitations for Any and All of Nationstar Mortgage Holdings Inc.'s 5.125% Senior Notes Due 2030 and 5.750% Senior Notes Due 2031
Prnewswire· 2025-09-30 23:50
Accessibility StatementSkip Navigation DETROIT, Sept. 30, 2025 /PRNewswire/ -- Rocket Companies, Inc. (NYSE: RKT) (the "Company" or "Rocket Companies"), the Detroit-based fintech platform including mortgage, real estate, title and personal finance businesses, announced today the expiration and final results of its previously announced tender offers and consent solicitations (collectively, the "Tender Offers and Consent Solicitations") for the outstanding (i) 5.125% Senior Notes due 2030 (the "2030 Notes") a ...
Expert Panel Anticipates Home Price Growth Will Moderate
Prnewswire· 2025-09-30 18:45
WASHINGTON, Sept. 30, 2025 /PRNewswire/ -- Following national home price growth of 5.3% in 2024, a panel of more than 100 housing experts forecast home price growth to average 2.4% in 2025 and 2.1% in 2026, according to the Q3 2025 Fannie Mae (OTCQB: FNMA)Â Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC. The panel's latest estimates represent revisions from last quarter's expectations of 2.9% for 2025 and 2.8% for 2026, as measured by the Fannie Mae Home Price Index (FN ...