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Tag Archives: mortgage rates

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 ...

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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 ...

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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 ...

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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 ...

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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 & ...

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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 ...

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Housing starts rose to 717,000 in April

WASHINGTON — U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing. The Commerce Department said Wednesday that builders broke ground in ...

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