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
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. Continue reading
Oct 24 New home sales fell 0.7% in September By Martin Crutsinger, Associated Press The housing industry is combating a variety of factors that are holding back growth ranging from a shortage of construction workers to a lack of available land for new homes. Continue reading
Aug 21 U.S. home sales rose in July, aided by low mortgage rates By Josh Boak, Associated Press Cheaper borrowing costs have enabled sales to rise 0.6% from a year ago, ending 16 consecutive months of annual sales declines. Continue reading
Aug 16 Will millennials benefit from historically low mortgage rates? By Gretchen Frazee Lower interest rates can save money on monthly mortgage payments, but other financial hurdles could still keep millennials from becoming homeowners. Continue reading