Latest Mortgage rates News

US long-term mortgage rates steady; 30-year loan at 3.68%

Dec. 5, 2019 1:33 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates held steady this week amid mixed signs in the housing market. Rates remain at historically low levels as a lure to prospective homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate for a 30-year fixed-rate mortgage was unchanged from the...

US mortgage rates edge up slightly, 30-year at 3.68%

Nov. 27, 2019 11:35 AM EST

WASHINGTON (AP) — U.S. mortgage rates crept slightly higher this week but remain at low levels that could encourage more home-buying. Mortgage buyer Freddie Mac said Wednesday that the average rate on a fixed 30-year mortgage ticked up to 3.68% from 3.66% the previous week. The average 15-year mortgage was...

New home sales slipped 0.7% in October but remain solid

Nov. 26, 2019 10:22 AM EST

WASHINGTON (AP) — Sales of new homes dipped slightly in October compared with September but remain well above levels of a year ago, with lower mortgage rates helping spur a rebound in purchases. The annual rate of single-family new-home sales slipped 0.7% last month to a seasonally adjusted 733,000, the...

Correction: Mortgage Rates story

Nov. 22, 2019 2:12 PM EST

WASHINGTON (AP) — In a story Nov. 21 about U.S. mortgage rates, The Associated Press reported erroneously that a year ago, the 30-year rate was at 3.81%. It was at 4.81%. A corrected version of the story is below: US mortgage rates fell this week, boosting housing market US mortgage rates fell this week,...

US home sales rose 1.9% last month, lifted by lower rates

Nov. 21, 2019 12:25 PM EST

WASHINGTON (AP) — Americans took advantage of lower mortgage rates and purchased more homes in October, though sales were held back by a shortage of available properties. The National Association of Realtors said Thursday that sales of existing homes rose 1.9% last month to a seasonally adjusted annual...

US housing starts climbed 3.8% in October

Nov. 19, 2019 8:47 AM EST

WASHINGTON (AP) — U.S. home building jumped 3.8% in October, a positive sign for the overall economy as developers anticipate steady demand. The Commerce Department said Tuesday that housing starts reached a seasonally adjusted annual rate of 1.31 million. Starts for single-family houses were up 2%,...

US home building jumped 3.8% in October to an annual pace of 1.31 million, helped by low mortgage rates

Nov. 19, 2019 8:32 AM EST
WASHINGTON (AP) — US home building jumped 3.8% in October to an annual pace of 1.31 million, helped by low mortgage rates.

US long-term mortgage rates rise; 30-year at 3.75%

Nov. 14, 2019 1:38 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates rose this week amid optimism over prospects for the U.S. economy. Rates remain at historically low levels, however, as an incentive to prospective homebuyers. Mortgage giant Freddie Mac said Thursday the average rate for a 30-year fixed-rate mortgage jumped...

US mortgage rates fall this week from 3-month high

Nov. 7, 2019 11:51 AM EST

WASHINGTON (AP) — Mortgage rates slipped this week from the highest level since July and remain at historically low levels that are helping would-be purchasers to buy homes. Mortgage giant Freddie Mac said Thursday that the average rate for a 30-year fixed-rate mortgage declined to 3.69% from 3.78% last...

US long-term mortgage rates rise; 30-year at 3.78%

Oct. 31, 2019 4:22 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates rose this week for the third straight week, while remaining historically low and far below their levels of a year ago. Mortgage giant Freddie Mac said Thursday the average rate for a 30-year fixed-rate mortgage increased to 3.78% from 3.75% last week. By...