Latest Mortgages News
Average long-term US mortgage rate snaps five-week string of increases, but remains above 7%
LOS ANGELES (AP) — The average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for home shoppers already facing the challenges of rising housing prices and a shortage of homes for sale. The rate fell to 7.09% from 7.22% last week, mortgage buyer...
Chimera: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Chimera Investment Corp. (CIM) on Thursday reported profit of $129.5 million in its first quarter. The New York-based company said it had profit of 45 cents per share. Earnings, adjusted for non-recurring gains, were 12 cents per share. ...
Average long-term US mortgage rate rises for again, reaching highest level more than five months
LOS ANGELES (AP) — The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what's typically the housing market's busiest stretch of the year. The rate rose to 7.22% from 7.17%...
Average long-term US mortgage rate climbs for fourth straight week to highest level since November
LOS ANGELES (AP) — The average long-term U.S. mortgage rate climbed this week to its highest level since late November, another setback for home shoppers in what's traditionally the housing market's busiest time of the year. The average rate on a 30-year mortgage rose to 7.17% from...
That's rich: Rise in all-cash transactions helping drive price gains for most expensive US homes
LOS ANGELES (AP) — Well-heeled home shoppers are increasingly paying cash, helping turbo-charge price gains for the most expensive U.S. homes. The median sale price of luxury homes, or those valued in the top 5% of the market nationally, hit an all-time high $1.23 million in the...
Sluggish start for spring homebuying season as home sales fall in March with mortgage rates rising
LOS ANGELES (AP) — The spring homebuying season is off to a sluggish start as home shoppers contend with elevated mortgage rates and rising prices. Sales of previously occupied U.S. homes fell 4.3% in March from the previous month to a seasonally adjusted annual rate of 4.19...
Average long-term US mortgage rate climbs above 7% to highest level since late November
LOS ANGELES (AP) — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level in nearly five months. The average rate on a 30-year mortgage rose to 7.1% from 6.88% last week, mortgage...
Kate Ashford: Retirement could come sooner than you think — how to plan for it
NEW YORK (AP) — American workers expect to retire at a median age of 65, according to a 2023 survey from the Employee Benefit Research Institute, or EBRI. But the actual median age for retirement is 62, the survey found. That may not seem like a big gap, but if you retire three...
Average long-term US mortgage rate edges closer to 7%, rising to highest level since early March
LOS ANGELES (AP) — The average long-term U.S. mortgage rate rose to its highest level in five weeks, a setback for prospective homebuyers during what's traditionally the busiest time of the year for home sales. The average rate on a 30-year mortgage rose to 6.88% from 6.82% last...
Homebuyers’ quandary: to wait or not to wait for lower mortgage rates
LOS ANGELES (AP) — Shop for a home now or hold out for the possibility of lower mortgage rates? That question is confronting many home shoppers this spring homebuying season. Lower rates give home shoppers more financial breathing room, so holding out for a more attractive rate can...
