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mortgage rates

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Aug 17

Average long-term U.S. mortgage rate climbs to 7.09 percent this week, highest level in over 20 years

By Alex Veiga, Matt Ott, Associated Press

Sharply higher rates are contributing to a dearth of available homes, as homeowners who locked into lower borrowing costs two years ago are now reluctant to sell and jump into a higher rate on a new property.

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Jul 07

Monthly mortgage payments remain high even as U.S. home prices ease

By Alex Veiga, Associated Press

Would-be homebuyers are willing to take on sharply higher mortgage payments, even as home prices have begun to pull back this year.

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Dec 01

Average long-term U.S. mortgage rates fall for a third week in a row

By Matt Ott, Associated Press

The average long-term U.S. mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago.

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Nov 23

Average long-term U.S. mortgage rate lowers to 6.58 percent

By Alex Veiga, Associated Press

The average long-term U.S. mortgage rate edged lower for the second time in as many weeks, though it remains more than double what it was a year ago — a significant hurdle for many would-be homebuyers.

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Nov 17

Average long-term U.S. mortgage rates fall to 6.61 percent

By Matt Ott, Associated Press

The average long-term U.S. mortgage rate tumbled by nearly a half-point this week, but will likely remain a significant barrier for potential homebuyers as Federal Reserve officials have all but promised more rate hikes in the coming months.

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Oct 26

Watch 5:15
News Wrap: Russia holds first nuclear drills since invading Ukraine

In our news wrap Wednesday, fears of escalation mount in Ukraine as Russian President Putin oversaw his first nuclear drills since the invasion, Islamic State gunmen killed at least 15 people at a major Shiite holy site in Iran and…

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Oct 20

Average long-term U.S. mortgage rates rise this week to 6.94 percent

By Matt Ott, Associated Press

Average long-term U.S. mortgage rates inched up this week ahead of another expected rate increase by the Federal Reserve when it meets early next month.

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Jul 28

Average U.S. long-term mortgage rates fall slightly to 5.3 percent

By Matt Ott, Associated Press

Average long-term U.S. mortgage rates retreated this week just as the Federal Reserve announced another big rate hike in its bid to get four-decade high inflation under control.

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Jul 21

High mortgage rates, prices discourage buyers and chill housing market

By Ken Sweet, Michael Casey, Alex Veiga, Associated Press

Sales of previously occupied homes have fallen for five straight months, during what is generally the busiest time of year in real estate.

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Jul 21

Average national 30-year mortgage rate hits 5.54%

By Matt Ott, Associated Press

Average long-term U.S. mortgage rates are ticking higher this week in a rapidly cooling housing market as the Federal Reserve gears up for what could be yet another bump to its benchmark interest rate.

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