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Tag Archives: mortgage rates

Construction spending up 0.5 percent in May

WASHINGTON — Spending on residential housing rose in May to the highest level in 4½ years, helping to send overall construction spending higher despite a big drop in nonresidential activity. Construction spending rose 0.5 percent in May compared with April ...

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New-home sales jump to highest in 4½ years

WASHINGTON — U.S. new-home sales jumped in January from the previous month to the highest level since July 2008, a sign that the housing recovery is accelerating. The Commerce Department said Tuesday that new-home sales rose nearly 16 percent in ...

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Rate on 30-year mortgage ticks up to 3.34 pct.

WASHINGTON — Average U.S. rates on fixed mortgages ticked up this week just slightly above their record lows, keeping home-buying and refinancing attractive to consumers. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan ticked ...

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