GRO MONEY NEWS

In today’s episode, Teresa Grobecker breaks down the latest twists in the market. Mortgage rates ticked higher, with the 30-year fixed hovering around 6.6% nationally and spiking closer to 6.9% in California . Commercial borrowers are seeing pressure too, with CMBS and bank loans running near 7% . The bond market is flashing warning signs as the yield curve steepens, and all eyes are on Fed Chair...

Mortgage rates just hit fresh lows, refi applications are surging, and inventory is rising — tune into today’s update for the mid-week pulse on housing and finance. 30-year fixed mortgage rate (purchase): ~6.62% 30-year fixed refinance rate: ~6.78% 15-year fixed refinance rate: ~6.12% The 10-year Treasury yield eased to about 4.30%, down from earlier in the week. Markets are watching Jerome Powell...

Market Stats Rates: Mortgage rates eased slightly, with the 30-year fixed at 6.58% and the 15-year at 5.71% (lowest since Oct. 2024). Demand: Mortgage applications rose 10.9% week-over-week , with refis up 23% and purchases up 1% weekly / 17% yearly . Adjustable-rate mortgages now make up nearly 10% of activity . Supply: New listings climbed 6.4% y/y and active inventory is up 22% y/y to ~ 1.1M ho...

Mortgage Rates: Rates eased further, with the 30-year fixed averaging around 6.51%–6.57% , the lowest level since October 2024. The 15-year fixed came in near 5.71% , while the 10-year Treasury yield held steady at 4.24% , helping keep mortgage pricing stable. Demand Trends: On the demand side, mortgage applications jumped almost 11% week over week , a strong sign that buyers and refinancers are r...