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U.S. Mortgage Rates Rise as Iran Conflict Fuels Inflation Fears

U.S. mortgage rates moved higher this week as escalating geopolitical tensions in the Middle East and renewed inflation concerns rippled through global financial markets, adding fresh pressure to an already strained housing sector. According to Freddie Mac's latest Primary Mortgage Market Survey (PMMS), the average rate on a 30-year fixed mortgage climbed to 6.51% for the week ending May 21, up from 6.36%...

Housing demand stays firm, pushing inventory close to negative YOY

It’s been a day full of news about a possible peace deal with Iran, which would be great news for housing. However, even though mortgage rates have risen due to the conflict lasting longer than anyone initially thought, housing demand has held up, and housing inventory is now on the verge of going negative year over year in our weekly single-family listings data.  Housing inventory going negative...

House passes bill hiking VA mortgage refi fees to fund expanded veterans’ benefits

The U.S. House of Representatives on Thursday passed a bill that increases benefits for veterans and their surviving families, offsetting the cost by raising fees on Department of Veterans Affairs (VA) refinance transactions. The legislation — H.R. 6047, also known as the Sharri Briley and Eric Edmundson Veterans Benefits Expansion Act of 2025 — was introduced in November by Rep. Tom Barrett...

Judge orders MRED to restore Zillow listing feeds in Chicago

Chicagoland area listings are back on Zillow and Trulia as of Friday afternoon, after Chicago-based federal Judge John Tharp, Jr. granted in part Zillow’s preliminary injunction motion seeking to prevent Midwest Real Estate Data (MRED) from suspending its listing feeds.  On Monday, Zillow filed the motion in its antitrust lawsuit against MRED and Compass International Holdings, after MRED notified it...

HouseAmerica Financial joins All Western Mortgage 

National mortgage banking company All Western Mortgage (AWM) announced on Thursday that HouseAmerica Financial has joined the company as it continues its national expansion. HouseAmerica Financial, based in La Cañada, California, produces about $500 million annually in mortgage volume, according to the announcement. The company is led by mortgage executive Alan Pezeshkian, who has more than 30 years of...

California MBA backs $100M fund in governor’s budget proposal for wildfire rebuilding

The California Mortgage Bankers Association (CMBA) voiced strong support for Gov. Gavin Newsom’s proposed $100 million allocation for the Southern California Rebuild Fund included in this month’s revised state budget proposal, the trade group said this week. The proposed funding is designed to expand access to construction financing for homeowners affected by last year’s Southern California...

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