Tag: FHA loans
Mortgage rates hit 2025 lows: how to lock the best deal as a Fed cut looms
Mortgage rates have eased to new 2025 lows near 6.50% for 30-year loans, still far from pandemic-era levels but better than midsummer. A likely Fed rate cut is helping sentiment, though mortgage pricing moves independently. Lender quotes vary widely, FHA rates can be cheaper, and builder buydowns are back. Refinancing is rising as 47% of applications chase lower costs.