Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008.
Average long-term U.S. mortgage rates made their biggest one-week jump in 35 years, one day after the Federal Reserve raised its key rate by three-quarters of a point.
Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January.
WASHINGTON — Long-term U.S. mortgage rates increased this week, although they’re lower than a year ago. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year fixed-rate mortgages rose to 3.99 percent, up from 3.94 percent last week. That average marks a five-month high, but it’s still lower than the 4.32 percent a […]
Long-term US mortgage rates ticked up again this week, staying at their highest levels since early 2014. Mortgage buyer Freddie Mac on Thursday reported the rate on 30-year fixed-rate loans rose to an average 4.32 percent from 4.30 percent last week. That average is at its highest since April 2014. It’s a sharp increase from […]
Average long-term U.S. mortgage rates edged slightly lower this week after rising for three straight weeks. Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage ticked down to 3.84 percent this week from 3.85 percent a week earlier. The rate on 15-year fixed-rate mortgages slipped to 3.05 percent from 3.07 […]
Average U.S. mortgage rates rose slightly this week but the benchmark 30-year low remained very close to the 19-month low hit last week.
WASHINGTON — Average U.S. long-term mortgage rates edged higher this week after four weeks of declines, but they remained at historically low levels that could entice potential homebuyers. Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage rose to 3.93 percent this week from 3.89 percent last week. It is now at […]
Average U.S. long-term mortgage rates arrested their five-week decline this week but the benchmark 30-year loan remained below 4 percent.
The interest rate pendulum has swung in favor of homeowners again. A steady decline in recent weeks brought down the average rate for a 30-year fixed home loan below 4 percent to 3.92 percent this week.
Federal regulators are proceeding with new rules that ease guidelines for banks selling mortgage securities and could mean fewer borrowers will need to make hefty down payments.
Buying a home may have gotten a little easier this week. With the financial crisis and subprime mortgage bust receding further into history, the government is loosening some financial rules, hoping to inject more life into the country's still-recovering housing market.