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%. By Alex Veiga, Associated Press
Economy Mar 06 Mortgage rates have eased. Here’s why it could still be tough for many to afford a home The same factors that have pulled mortgage rates to their lowest level since December — signs that the U.S. economy is slowing and uncertainty over the potential fallout from the Trump administration's tariffs on imports — are clouding the outlook… By Alex Veiga, Associated Press
Economy Feb 20 What experts are forecasting for renters and homebuyers this year Stubbornly high mortgage rates, rising rents and a lack of affordable housing have contributed to fewer home sales and rising homelessness for the past three years. 2025 might not look much different, experts say. By Kenichi Serino
Economy Jan 24 2024 U.S. home sales fell to the lowest level in nearly 30 years as prices and mortgages soared The National Association of Realtors said Friday that existing U.S. home sales totaled 4.06 million last year, a 0.7% decline from 2023. By Alex Veiga, Associated Press
Oct 25 Trump allies hope a win means changes to the mortgage system. Opponents warn it will cost consumers By R.J. Rico, Associated Press If Donald Trump wins the presidential election, Republicans hope he will fulfill a longstanding GOP goal of privatizing the mortgage giants Fannie Mae and Freddie Mac. Continue reading
Jul 23 June home sales fell to slowest pace since December amid high mortgage rates, home prices By Alex Veiga, Associated Press Home sales fell again, but housing prices climbed for the 12th month in a row. Continue reading
Feb 22 Wall Street sees a solid 2024 ahead for homebuilders, though mortgage rates remain a wildcard By Alex Veiga, Associated Press Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders — as long as mortgage rates don't jump back to the highs they hit late last year. Continue reading
Dec 21 Homebuilders step up construction of single-family homes as 30-year mortgage rate eases below 7 percent By Alex Veiga, Associated Press Homebuilders are stepping up construction of single-family homes following a steady decline in mortgage rates and broad expectation among economists that home loan borrowing costs will ease further next year. Continue reading
Oct 05 Average long-term U.S. mortgage rate reaches 7.49 percent, highest level in over two decades By Alex Veiga, Associated Press The cost of financing a home surged again this week, further dimming the affordability outlook for many would-be homebuyers. Continue reading