US long-term mortgage rates fall; 30-year average below 4%

Business 05/30/19, 13:45

U.S. long-term mortgage rates fell for the fifth consecutive week, tipping the key 30-year loan average below 4% for the first time in nearly a year and a half.The declining rates have been a boon to potential purchasers in the spring home buying season. Mortgage buyer Freddie Mac said Thursday ...

US long-term mortgage rates slip; 30-year average at 4.06%

Business 05/23/19, 09:47

U.S. long-term mortgage rates fell slightly this week, marking a fourth straight week of declines to lure prospective purchasers in the spring homebuying season.Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage slipped to 4.06% from 4.07% last week. By contrast, a year ago the benchmark ...

US long-term mortgage rates decline; 30-year average 4.10%

Business 05/09/19, 09:39

U.S. long-term mortgage rates declined this week for a second straight week, reversing the upward trend in April as a lure to potential home buyers.Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage fell to 4.10% from 4.14% last week. By contrast, a year ago the ...

US long-term mortgage rates up for 4th week; 30-year 4.20%

Business 04/25/19, 09:54

U.S. long-term mortgage rates rose this week for the fourth straight week, though they remain historically low as a spur to home sales in the spring buying season.Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage increased to 4.20% from 4.17% last week. By contrast, a ...

US new-home sales climbed 4.5% in March

Business 04/23/19, 09:17

Sales of new U.S. homes increased 4.5% in March, the third straight monthly gain as the housing market appears to be cautiously recovering from a mortgage rate spike last year that caused homebuying to slump.The Commerce Department said Tuesday that new homes sold at a seasonally adjusted annual rate of ...

US mortgage rates increased this week with 30-year at 4.17%

Business 04/18/19, 09:49

U.S. long-term mortgage rates increased this week, though they remain lower than a year ago in a positive sign for home sales.Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage rose to 4.17% from 4.12% last week and 4.47% a year ago. Average mortgage rates have ...

US long-term mortgage rates rise; 30-year at 4.12%

Business 04/11/19, 09:46

U.S. long-term mortgage rates rose moderately this week, remaining at historically low levels that can lure potential purchasers in the spring homebuying season.Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage increased to 4.12% from 4.08% last week. Two weeks ago, the benchmark loan rate marked ...

US mortgage rates move little after big drop; 30-year 4.08%

Business 04/04/19, 10:00

U.S. long-term mortgage rates moved little this week after the key 30-year loan rate marked its steepest weekly drop in a decade the week before.Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage ticked up to 4.08% from 4.06% — which had plunged from 4.28% last ...

US new-home sales increased 4.9 percent in February

Business 03/29/19, 09:17

Sales of new U.S. homes climbed 4.9 percent in February, an indication that falling mortgage rates have given a boost to demand from buyers.The Commerce Department said Friday that new homes sold at a seasonally adjusted annual rate of 667,000 in February, an increase from an upwardly revised 636,000 in ...

US mortgage rates post biggest drop in decade to 4.06 pct.

Business 03/28/19, 10:31

Purchasing a home just became a lot cheaper, thanks mostly to the Federal Reserve's decision to put its interest rate hikes on hold for now.Mortgage buyer Freddie Mac says the average 30-year fixed rate mortgage plunged to 4.06 percent this week, down from 4.28 percent last week. That's the steepest ...

US home price gains fall to lowest in more than 6 years

Business 03/26/19, 08:03

U.S. home prices rose at their slowest pace in more than six years in January, as higher mortgage rates weighed on sales.The S&P CoreLogic Case-Shiller 20-city home price index increased 3.6 percent in January from a year earlier, down from 4.1 percent in the previous month.The slowdown in price appreciation ...

US housing starts slumped 8.7 percent in February

Business 03/26/19, 07:41

The number of homes under construction fell 8.7 percent in February, as ground breakings for single-family houses plunged to their lowest level in nearly two years.The Commerce Department said that builders started construction at a seasonally adjusted annual rate of 1.16 million units last month, down from a 1.27 million ...

US average mortgage rates fall; 30-year at 4.28 percent

Business 03/21/19, 10:44

U.S. long-term mortgage rates fell this week, giving an incentive to potential buyers as the spring homebuying season opens.Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage declined to 4.28 percent from 4.31 percent the previous week.Mortgage rates have fallen substantially since the beginning of ...

US new-home sales fell 6.9 percent in January

Business 03/14/19, 09:07

Sales of new U.S. homes slumped 6.9 percent in January, a possible sign that buyers paused during the government shutdown.The Commerce Department says that new homes sold at a seasonally adjusted annual rate of 607,000 in January, down from 652,000 in December.The partial government shutdown during January as well as ...

US mortgage rates increased this week; 30-year at 4.41 pct.

Business 03/07/19, 11:55

U.S. long-term mortgage rates rose modestly this week, but they remain slightly lower than they were a year ago.Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year, fixed-rate mortgage increased to 4.41 percent from at 4.35 percent during the prior week. The average was 4.46 percent a ...

US mortgage rates mostly held steady this week

Business 02/28/19, 14:47

U.S. long-term mortgage rates were unchanged this week, possibly helping affordability as home borrowing costs have been steadily declining since early November.Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year, fixed-rate mortgage held at 4.35 percent for the second straight week. This represents a slight decline from ...

Average US mortgage rates fell this week

Business 02/21/19, 11:45

U.S. long-term mortgage rates dipped this week to the lowest average in more than a year, providing a possible boost to the start of the Spring homebuying season in March.Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year, fixed-rate mortgage declined to 4.35 percent from 4.37 percent ...

US mortgage rates fall to 12-month low; 30-year at 4.37 pct.

Business 02/14/19, 10:58

U.S. long-term mortgage rates fell this week to a 12-month low, an enticement for prospective homebuyers in the upcoming season.Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year, fixed-rate mortgage declined to 4.37 percent from 4.41 percent last week. The key 30-year home borrowing rate averaged 4.38 ...

US average mortgage rates edge up; 30-year at 4.46 percent

U.S. 01/31/19, 12:00

U.S. long-term mortgage rates edged up after declining in recent weeks.Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year, fixed-rate mortgage rose to 4.46 percent, from 4.45 percent last week. Despite the recent declines, home borrowing rates are above last year's levels. The key 30-year ...

US average mortgage rates steady; 30-year stays at 4.45 pct.

Business 01/24/19, 11:21

U.S. long-term mortgage rates held steady this week for the second straight week, sticking at their lowest levels in nine months after six weeks of decline.Mortgage buyer Freddie Mac says the average rate on the benchmark 30-year, fixed-rate mortgage was unchanged from last week at 4.45 percent. Rates remain above ...

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