Latest Mortgages News
Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?
WASHINGTON (AP) — American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it's cutting its key interest rate from a two-decade peak. It's likely to be just the first in...
Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan
LOS ANGELES (AP) — Mortgage rates haven’t been this attractive in more than a year, good news for homeowners eager to refinance. Many homeowners have already jumped at the opportunity to lower their monthly payment, spurring a surge in mortgage refinancing applications. ...
Average rate on a 30-year mortgage falls to 6.20%, its lowest level since February 2023
The average rate on a 30-year mortgage in the U.S. fell this week to its lowest level in 19 months, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week. The rate fell to 6.20% from 6.35% last week, mortgage buyer Freddie...
Average long-term US mortgage rates holds at 6.35% this week ahead of expected Fed rate cut
The average rate on a 30-year mortgage in the U.S. was flat this week ahead of an expected interest rate cut from the Federal Reserve later this month. The rate remained at 6.35% from last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.12%. ...
Average rate on a 30-year mortgage eases to 6.35%, its lowest level in more than a year
The average rate on a 30-year mortgage eased for the second week in a row and remains at its lowest level in more than a year, good news for prospective homebuyers facing home prices near all-time highs. The rate fell to 6.35% from 6.46% last week, mortgage buyer Freddie Mac said...
Average rate on a 30-year mortgage eases to 6.46%, the lowest level in 15 months
The average rate on a 30-year mortgage eased this week to its lowest level in 15 months, welcome relief for home shoppers navigating a housing market that remains out of reach for many Americans. The rate fell to 6.46% from 6.49% last week, mortgage buyer Freddie Mac said Thursday. A...
Average rate on a 30-year mortgage ticks up to 6.49%, near its lowest level in more than a year
The average rate on a 30-year mortgage edged higher this week, holding close to its lowest level in more than a year. The rate rose to 6.49% from 6.47% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.09%. After jumping to a 23-year...
Considering a mortgage refi? Lower rates are just one factor when refinancing a home loan
LOS ANGELES (AP) — Mortgage rates haven't been this attractive in more than a year, good news for homeowners eager to refinance. Many homeowners have already jumped at the opportunity to lower their monthly payment, spurring a surge in mortgage refinancing applications. ...
Cherry Hill: Q2 Earnings Snapshot
FARMINGDALE, N.J. (AP) — FARMINGDALE, N.J. (AP) — Cherry Hill Mortgage Investment Corp. (CHMI) on Thursday reported net income of $765,000 in its second quarter. The Farmingdale, New Jersey-based company said it had net loss of 6 cents per share. Earnings, adjusted for...
Invesco Mortgage Capital: Q2 Earnings Snapshot
ATLANTA (AP) — ATLANTA (AP) — Invesco Mortgage Capital Inc. (IVR) on Thursday reported a loss of $13.5 million in its second quarter. The Atlanta-based company said it had a loss of 38 cents per share. Earnings, adjusted for non-recurring costs, came to 86 cents per share. ...
