Aug 17 Watch 4:41 News Wrap: Tens of thousands flee as wildfire spreads in Canada’s Northwest Territories In our news wrap Thursday, a mass evacuation is underway in Yellowknife, Canada, as a wildfire burns about 10 miles away, survivors on Maui spent another day picking up the pieces a week after fires devastated parts of the island… Continue watching
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. Continue reading
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. Continue reading
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. Continue reading
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. Continue reading
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. Continue reading
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… Continue watching
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. Continue reading
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. Continue reading
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. Continue reading