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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 up to 3.34 percent, above last week’s rate of 3.32 percent. Two weeks ago, the […]
Rate on 30-year mortgage ticks up to 3.32 pct.
WASHINGTON — Average U.S. rates on fixed mortgages stayed close to record lows this week, a trend that has made home buying more affordable and helped the housing market recover. Mortgage buyer Freddie Mac says the average rate on the 30-year loan edged up to 3.32 percent. That’s close to last week’s rate of 3.31 […]
Rate on US 30-year mortgage hits record 3.31 pct.
WASHINGTON — Average U.S. rates on fixed mortgages fell to fresh record lows this week, a trend that is boosting home sales and aiding the housing recovery. Mortgage buyer Freddie Mac said Wednesday that the average rate on the 30-year loan dipped to 3.31 percent, the lowest on records dating back to 1971. That’s down […]
Rate on 30-year fixed mortgage near record low
WASHINGTON — The average U.S. rate on a 30-year fixed mortgage has fallen to near its record low set earlier this month. The rate on the most popular mortgage dipped to 3.37 percent from 3.39 last week, mortgage buyer Freddie Mac said Thursday. Two weeks ago, the rate reached 3.36 percent, its lowest level on […]
Fed chose mortgage bonds to bolster housing gains
WASHINGTON — The Federal Reserve wants to find a clearer way to signal to the public when it might start raising interest rates. The Fed has told investors that it plans to keep short-term rates low for at least another three years. But it appears to be leaning toward setting a more specific target, according […]
Average on 30-year US mortgage stays at 3.55 pct.
WASHINGTON — The average rate on the 30-year fixed mortgage held steady this week, staying slightly above the lowest level on record. Low mortgage rates have aided a modest housing recovery. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan was unchanged at 3.55 percent. In July, the rate fell to […]
Average on 30-year mortgage up to 3.66 percent
WASHINGTON — Average U.S. rates on fixed mortgages have risen for a fourth straight week, remaining slightly above record lows. Cheap mortgages have helped fuel a modest housing recovery this year. Mortgage buyer Freddie Mac says the rate on the 30-year loan increased to 3.66 percent, up from 3.62 percent last week. Four weeks ago, […]
Consumer finance agency sets mortgage protections
WASHINGTON — The government’s consumer lending watchdog proposed new rules Friday aimed at protecting homeowners from unexpected costs and shoddy service by companies that collect their monthly mortgage payments. Mortgage servicing companies would be required to provide clear monthly billing statements, warn borrowers before interest rate hikes and actively help them avoid foreclosure unde[...]
U.S. rate on 30-year mortgage rises to 3.71 pct.
WASHINGTON — Average rates on fixed mortgages rose this week, the first increase in seven weeks. But mortgage rates remain near historic lows, boosting prospects for home sales this year. Mortgage buyer Freddie Mac says the average rate on the 30-year loan increased to 3.71 percent. That’s up from 3.67 percent last week, the lowest […]
Sales contracts for homes dropped in April
WASHINGTON — A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month. The decline was the biggest in a year. Still, sales are well ahead of last year’s level for the same month, suggesting the housing market is improving slowly. The National Association […]
Home prices rise in most major U.S. cities
WASHINGTON — Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is the latest evidence of a slow recovery taking shape in the housing market. The Standard & Poor’s/Case-Shiller home price index shows that prices rose in 12 of the 20 cities it […]
Sales of new homes rose 3.3 percent in April
WASHINGTON — Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover. New-home sales increased 3.3 percent in April from March to a seasonally adjusted annual rate of 343,000, the Commerce Department said Wednesday. Sales rose sharply in every region of the country but the […]
