Latest Mortgage rates News

US long-term mortgage rates fall; 30-year at 3.57%

Oct. 10, 2019 3:03 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week amid continued uncertainty about the economy's outlook. Mortgage rates have been running near historic lows, a potential boon to homebuyers. Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage dipped to 3.57%...

US long-term mortgage rates steady; 30-year at 3.65%

Oct. 3, 2019 1:43 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates held steady this week, offering a potential boon to homebuyers amid an uncertain economic outlook. Mortgage rates have been running near historic lows, though average rates for the key 30-year loan showed volatile swings last month. Mortgage buyer Freddie Mac...

US long-term mortgage rates fall; 30-year at 3.64%

Sep. 26, 2019 12:38 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week following a sharp rise the week before, making September the most volatile month for the key 30-year loan since March. Mortgage rates have been running near historic lows, spurring prospective homebuyers, amid an uncertain economic outlook....

US new home sales climbed a healthy 7.1% in August

Sep. 25, 2019 11:54 AM EDT

U.S. new home sales jumped 7.1% in August, as low mortgage rates pull buyers into the housing market. The Commerce Department said Wednesday that new homes sales increased to a seasonally adjusted annual rate of 713,000, up from a revised 666,000 in July. So far this year, sales have risen a healthy 6.4%. Trade...

US new home sales jumped 7.1% in August amid low mortgage rates

Sep. 25, 2019 10:04 AM EDT
WASHINGTON (AP) — US new home sales jumped 7.1% in August amid low mortgage rates.

Average 30-year mortgage rate rose to 3.73%

Sep. 19, 2019 11:20 AM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates shot up this week, yet they stayed close to the historic lows that appear to be helping the real estate market. Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage increased to 3.73% from 3.56% last week. The rate averaged...

Mortgage rates boosted US home sales 1.3% in August

Sep. 19, 2019 11:05 AM EDT

WASHINGTON (AP) — U.S. home sales rose 1.3% in August to the highest level in 17 months, as mortgage rates near historic lows have spurred a rush of home-buying. The National Association of Realtors said Thursday that homes sold last month at a seasonally adjusted annualized rate of 5.49 million units, the...

What the Fed's rate cut means for you

Sep. 18, 2019 4:03 PM EDT

The Federal Reserve has cut its benchmark interest rate again, big news for the U.S. economy but something that will likely have a muted impact on Americans' personal finances, experts say. That's because the reduction doesn't offset the increases of recent years. And as the key rate creeps closer to zero,...

US long-term mortgage rates rise, with 30-year at 3.56%

Sep. 12, 2019 7:06 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates rose this week but remained at historically low levels. Mortgage buyer Freddie Mac said Thursday the rate on the 30-year, fixed-rate mortgage increased to 3.56% from 3.49% last week. Average rates on the benchmark loan have remained below 3.6% for four...

Officials spar with senators over plan for mortgage giants

Sep. 10, 2019 1:52 PM EDT

WASHINGTON (AP) — Trump administration officials on Tuesday defended their plan to Congress for ending government control of mortgage finance giants Fannie Mae and Freddie Mac, clashing with Democratic senators on whether the change would raise home borrowing costs and neglect lower-income homeowners. The...