The Truth About Mortgage

The Federal Reserve is almost guaranteed to hike rates today. Odds are currently around 93%, per CME FedWatch, meaning it’s basically a sure thing. In the Fed’s history, they’ve never defied odds like that so a ¼-point hike should be delivered as expected. The impact on mortgage rates is less certain, as it always is… Read More »What Will Today’s Fed Rate Hike Mean for Mortgage Rates? The post What Will Today’s Fed Rate Hike Mean for Mortgage Rates? appeared first on The Truth About Mortgage.

Chase is back with another mortgage rate sale, something they’ve done several times over the past couple years. They don’t advertise the exact amount of the discount, but common knowledge says it’s 25 basis points (0.25%). So if the hypothetical rate offered were 7.125%, perhaps you can get a rate of 6.875% instead. That sounds… Read More »Is Chase’s Mortgage Rate Sale a Good Bet on Lower Interest Rates in the Near Future? The post Is Chase’s Mortgage Rate Sale a Good Bet on Lower Interest Rates in the Near Future? appeared first on The Truth About Mortgage.

If you asked someone a year ago where mortgage rates would be today, my guess is they wouldn’t say one full percentage point higher. Yet here we are, with the 30-year fixed now almost exactly 100 basis points (1.00%) higher than it was last September. Today, prospective home buyers are facing a rate of about… Read More »Mortgage Rates Are Now 1% Higher Than They Were a Year Ago The post Mortgage Rates Are Now 1% Higher Than They Were a Year Ago appeared first on The Truth About Mortgage.

It seemed inevitable that mortgage rates would rise back to 7%. Ever since the war broke out at the end of February, the pressure was on. The saving grace was that some sort of peace deal would come, and that it’d all be short-lived. Fast forward seven months and things appear to be worse than… Read More »Welcome Back 7% Mortgage Rates The post Welcome Back 7% Mortgage Rates appeared first on The Truth About Mortgage.

What was once going well isn’t going so well today. I’m talking about mortgage rates, which had been at their best levels in years this spring. But are now around the highest levels since President Trump came into office in early 2025. While it’s not necessarily a President’s job to keep mortgage rates cheap, Trump… Read More »President Trump, Who Campaigned on Bringing Back 2% Mortgage Rates, Faces 7% Rates as Midterms Approach The post President Trump, Who Campaigned on Bringing Back 2% Mortgage Rates, Faces 7% Rates as Midterms Approach appeared first on The Truth About Mortgage.