Average long-term US mortgage rate jumps to 7.23%
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…
Real State
Average long-term US mortgage rate climbs to 6.96%
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,…
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Mortgage rates rose: 30-year fixed home loan is at 6.90%
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…
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White House’s measures to lower housing cost, boost supply
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…
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Average 30-year mortgage rate falls to 6.78%
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…
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Home sales drop amid high rates, low supply
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…
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Mortgage rates, monthly payments tick higher
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…
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Home sales inch up in May amid drop in prices
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…
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Average 30-year mortgage rate falls to 6.67%
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…
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US Housing slowdown leads to drop in equity
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%…
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Average 30-year mortgage rate eases to 6.71%
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%.…
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