Rates on the most popular U.S. home loan hit the highest level since 2001 on Thursday, according to Freddie Mac’s weekly mortgage market survey. The popular 30-year mortgage rates rose…
US mortgage rates rose for the third week in a row but stayed just under the 7% threshold. The 30-year fixed-rate mortgage averaged 6.96% in the week ending August 10,…
The average long-term U.S. mortgage rate rose again this week, bad news for Americans seeking to upgrade or buy their first home. The average rate on the 30-year home mortgage…
The Biden administration on Thursday announced further steps to lower housing costs and boost supply, part of the economic agenda that President Joe Biden will highlight as he seeks a…
The average long-term U.S. mortgage rate slipped this week to the lowest level in four weeks, a boost for house hunters facing a market held back by persistently high prices…
Sales of previously owned homes fell in June as higher mortgage rates and a shortage of available properties frustrated buyers. Elevated mortgage rates are making home purchases less affordable, keeping…
U.S. 30-year mortgage rates rose to an average of 6.81% this week, the highest level of 2023, according to Freddie Mac’s mortgage market survey. Mortgage rates have risen sharply in…
Existing home sales rose 0.2% last month from April to a seasonally adjusted annual rate of 4.3 million, the National Association of Realtors said Thursday. That’s slightly above what economists…
Mortgage rates declined again this week following the Federal Reserve‘s recent pause on monetary tightening. However, rates on home loans remain at elevated levels compared to last year and that pause…
For the first time in more than a decade, the average U.S. homeowner with a mortgage has less home equity than they did a year earlier. Among the roughly 63%…
Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year home loan fell to 6.71% from 6.79% last week. A year ago, the rate averaged 5.23%.…