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Alex Veiga, Associated Press

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Alex’s Recent Stories

Economy Mar 19

Average U.S. long-term mortgage rate rises to 6.22%, highest in more than 3 months

When mortgage rates rise, they can add hundreds of dollars a month in costs for home shoppers, limiting what they can afford to buy.

Politics Mar 12

WATCH: Senate passes bipartisan housing bill

The Senate passed a broad bill on Thursday to make U.S. housing more accessible and affordable, a rare bipartisan effort in Congress to address a growing national problem.

Economy Mar 09

Oil prices soar to levels not seen in years as war in Iran intensifies

Supply concerns have driven crude and gasoline higher prices as the war ensnares major oil-producing countries and hinders exports from the Persian Gulf.

Economy Feb 26

Average U.S. long-term mortgage rate dips below 6% for the first time since 2022

The benchmark 30-year fixed rate mortgage rate fell to 5.98% from 6.01% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the rate averaged 6.76%.

Economy Jan 14

2025 home sales stuck at 30-year low

The U.S. housing market slump dragged into its fourth year in 2025, as sales remained stuck at a 30-year low with rising home prices and elevated mortgage rates keeping many prospective home shoppers shut out of the market.

Economy Nov 13

Average long-term mortgage rate edges higher to 6.24%

The average rate on a 30-year U.S. mortgage edged higher for the second week in a row, hovering near its low point so far this year.

Economy Nov 01

U.S. home turnover rate at lowest level in decades as housing slump drags on, analysis finds

The number of U.S. homes that typically change hands as people relocate for work, retire or trade-up for more living space hasn't been this low in nearly 30 years, according to an analysis by Redfin.

Nation Oct 23

Average long-term mortgage rate drops to lowest level in more than a year

The average rate on a 30-year U.S. mortgage fell again this week, dropping to its lowest level in more than a year.

Nation Sep 18

What to know about the Fed's rate cut and mortgage rates

Hoping that mortgage rates will keep dropping following the Federal Reserve's first rate cut since last year? Don't bank on it.

Economy Aug 14

Average 30-year U.S. mortgage rate drops to lowest level since October

The long-term rate fell to 6.58% from 6.63% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.49%.

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