US average mortgage rates ease; 30-year at 4.83 percent

Business 11/01/18, 10:44

Long-term U.S. mortgage rates declined this week, in a quiet pause after weeks of market anxiety over rising interest rates.Home borrowing rates still remain at their highest levels in more than seven years, dampening the outlook for prospective homebuyers. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages ...

US average mortgage rates edge up; 30-year at 4.86 percent

Business 10/25/18, 10:57

Long-term U.S. mortgage rates edged slightly higher this week amid continued anxiety in financial markets as interest rates rise.Home borrowing rates remain at their highest levels in more than seven years, with the key 30-year rate approaching 5 percent. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages ...

US pending home sales nudged upward in September

Business 10/25/18, 06:12

Pending home sales rose slightly in September, but contract signings are depressed from a year ago as affordability has become a greater challenge for would-be buyers.The National Association of Realtors said Thursday that its pending home sales index increased 0.5 percent last month to 104.6. But over the past year, ...

Rising rates, slowing home sales expected to hurt remodelers

Business 10/22/18, 06:55

General contractors and other small businesses in the home remodeling industry can expect revenue to slow in 2019, the result of rising mortgage rates and sluggish home sales.That's the prediction of Harvard University's Joint Center for Housing Studies, which last week issued its quarterly report on home remodeling. The center's ...

US mortgage rates fall slightly; 30-year at 4.85 percent

Business 10/18/18, 10:53

Long-term U.S. mortgage rates dipped slightly this week, taking a pause after weeks of steady increases stoked by rising interest rates.Home borrowing rates remain at their highest levels in more than seven years, with the key 30-year rate approaching 5 percent. Mortgage buyer Freddie Mac says the rate on 30-year, ...

US housing starts sank 5.3 percent in September

Business 10/17/18, 08:58

U.S. home construction fell 5.3 percent in September, a sign that rising mortgage rates may be weighing on the market.The Commerce Department said Wednesday that housing starts slipped last month to a seasonally adjusted annual rate of 1.2 million, down from 1.27 million in August. So far this year, starts ...

Liz Weston: Should you pay off mortgage before you retire?

Business 10/15/18, 09:18

Most people would be better off not having mortgages in retirement. Relatively few will get any tax benefit from this debt, and the payments can get more difficult to manage on fixed incomes.But retiring a mortgage before you retire isn't always possible. Financial planners recommend creating a Plan B to ...

Mortgage rates leap to 7-year highs; 30-year at 4.90 percent

Business 10/11/18, 11:41

Long-term U.S. mortgage rates leaped this week to their highest levels in seven years amid global anxiety over rising interest rates that has gripped financial markets.Costs for would-be homebuyers are climbing. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages jumped to an average 4.90 percent this week ...

US mortgage rates edge lower; 30-year rate at 4.71 percent

Business 10/04/18, 11:23

Long-term U.S. mortgage rates edged slightly lower this week, taking a pause after five straight weeks of increases.Costs for would-be homebuyers have been climbing, and the key 30-year rate has been running at its highest levels in more than seven years. Mortgage buyer Freddie Mac says the average rate on ...

Average US mortgage rates rise; 30-year at 4.65 percent

Business 09/20/18, 10:26

Long-term U.S. mortgage rates are up for the fourth consecutive week, with the key 30-year rate reaching its highest level since May.Costs for would-be homebuyers continue to climb. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages jumped to 4.65 percent, from 4.60 percent last ...

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