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Tag Archives: Mortgage Bankers Association

Average rate on 30-year mortgage down to 3.90 percent

WASHINGTON — The average rate on the 30-year mortgage edged down this week to hover again above record lows. Cheaper rates have spurred modest improvements in the battered housing market, but not enough to signal a recovery. Mortgage buyer Freddie ...

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Home purchases up, but earlier sales look weaker

WASHINGTON — The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated more than 3 million sales during and after the Great Recession, showing the housing market was weaker ...

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