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Mortgage demand fell to the lowest level since May, even as mortgage interest rates haven't moved at all. Consumers are concerned about the broader economy.
Mortgage rates have now fallen four weeks in a row, reflecting the recent pullback in bond yields. With the latest decline, the average rate is now at its lowest level since May 8, when it was 6.76%.
The long-term rate fell to 6.77% from 6.81% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.86%. Borrowing costs on 15-year fixed-rate mortgages, popular with ...
The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely held ...
The average rate on a 30-year U.S. mortgage fell to its lowest level since early May, an encouraging trend for prospective homebuyers at a time when the U.S. housing market remains largely held ...
The average rate on a 30-year mortgage has remained relatively close to its high so far this year of just above 7%, set in mid-January. The 30-year rate’s low point this year was in early April ...
The average rate on a 30-year mortgage has remained relatively close to its high so far this year of just above 7%, set in mid-January. The 30-year rate’s low point this year was in early April ...