July 2025

A rule establishing permanent foreclosure protection measures for Department of Veteran Affairs borrowers was signed into law by President Donald Trump Wednesday, after a previous iteration of a federal servicing program expired earlier this year. The VA Home Loan Program Reform Act, which was introduced by Rep. Derrick Van Orden R-Wis., aligns servicing guidelines with […]

In a week marked by another Federal Reserve meeting, mortgage rates largely flatlined with the central bank’s decision surprising few.  The average 30-year fixed rate edged down to 6.72% as of July 31, according to Freddie Mac’s weekly Primary Mortgage Market survey. The average dropped 2 basis points from 6.74% a week earlier, and was

Homebuyers got some relief last month as they found themselves with slightly lower mortgage payments. The Mortgage Bankers Association’s Purchase Applications Payment Index fell 1.8% month-to-month, an indication that borrowers are finding their mortgages more affordable. The index measures borrower affordability by looking at new monthly mortgage payments relative to income; a decline signifies that