mortgage rates

2024 U.S. home sales fell to the lowest level in nearly 30 years as prices and mortgages soared

By Alex Veiga, Associated Press

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.

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.

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.

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.

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.

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.

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…

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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.

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.

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.