Latest Mortgage rates News

FILE - In this July 21, 2020, file photo, a homeowner tours his new home, in Washingtonville, N.Y. U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan declined to 2.86% from 2.93% last week. (AP Photo/John Minchillo, File)

Mortgage rates tick up to 2.9%, remain at historic lows

Sep. 24, 2020 10:01 AM EDT

SILVER SPRING, Md. (AP) — U.S. average rates on long-term mortgages rose slightly this week but remain at historically low levels. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan edged up to 2.90% from 2.87% last week. One year ago, the rate averaged 3.64%. The...

FILE - In this July 21, 2020, file photo, a homeowner tours his new home, in Washingtonville, N.Y. U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan declined to 2.86% from 2.93% last week. (AP Photo/John Minchillo, File)

US long-term mortgage rates change little; 30-year at 2.87%

Sep. 17, 2020 1:41 PM EDT

WASHINGTON (AP) — U.S. average rates on long-term mortgages changed little this week as they hover at historically low levels. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan edged up to 2.87% from 2.86% last week. By contrast, the rate averaged 3.73% a year ago....

FILE - In this July 21, 2020, file photo, a homeowner tours his new home, in Washingtonville, N.Y. U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan declined to 2.86% from 2.93% last week. (AP Photo/John Minchillo, File)

US long-term mortgage rates fall; 30-year at 2.86%

Sep. 10, 2020 11:36 AM EDT

WASHINGTON (AP) — U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan declined to...

FILE- In this July 13, 2012, file photo, people load a U-Haul truck with boxes while they prepare to move in York, Pa. Many have had to reconsider their living situation because of the pandemic. Before you decide to relocate, make a budget to account for moving costs and the cost of living in your new location. (Chris Dunn/York Daily Record via AP, File)

Millennial Money: Is moving now your best financial move?

Sep. 8, 2020 7:29 AM EDT

You may not have started 2020 thinking about a move. But like it or not, many of us have had to reconsider our living situations during the pandemic. Maybe you’re one of the lucky ones who can now work remotely, or maybe you’re out of a job like millions of others. You may be wondering whether...

FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. U.S. average rates on long-term mortgages changed little this week, remaining at historically low levels that has sparked demand for homes.  (AP Photo/Steven Senne, File)

US long-term mortgage rates little changed; 30-year at 2.93%

Sep. 3, 2020 11:59 AM EDT

WASHINGTON (AP) — U.S. average rates on long-term mortgages changed little this week, remaining at historically low levels that has sparked demand for homes. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan ticked up to 2.93% from 2.91% last week. By contrast, the...

FILE - In this May 22, 2020 file photo a sold sign stands in front of a house in Brighton, N.Y.   U.S. average rates on long-term mortgages fell this week, on Thursday, Aug. 27, with historically low levels continuing to fuel homebuying demand. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan declined to 2.91% from 2.99% last week.(AP Photo/Ted Shaffrey, File)

US long-term mortgage rates fall; 30-year at 2.91%

Aug. 27, 2020 1:24 PM EDT

WASHINGTON (AP) — U.S. average rates on long-term mortgages fell this week, with historically low levels continuing to fuel demand for homes. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan declined to 2.91% from 2.99% last week. By contrast, the rate averaged...

FILE - This Monday, April 27, 2020, file photo shows a sale pending sign on a home in Mount Lebanon, Pa. The coronavirus pandemic helped shape the housing market by influencing everything from the direction of mortgage rates to the inventory of homes on the market to the types of homes in demand and the desired locations. (AP Photo/Gene J. Puskar, File)

Low rates and heavy buyer demand send US home sales surging

Aug. 21, 2020 3:32 PM EDT

SILVER SPRING, Md. (AP) — Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%. The July surge in sales reported Friday by the National Association of Realtors marked the second...

FILE - This April 27, 2020, file photo shows a sale pending sign on a home in Mount Lebanon, Pa. U.S. average rates on long-term mortgages rose this week though they remain at historically low levels. The key 30-year loan nudged toward 3%. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan increased to 2.99% from 2.96% last week.   (AP Photo/Gene J. Puskar, File)

US long-term mortgage rates rise; 30-year at 2.99%

Aug. 20, 2020 12:06 PM EDT

WASHINGTON (AP) — U.S. average rates on long-term mortgages rose this week though they remain at historically low levels. The key 30-year loan nudged toward 3%. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan increased to 2.99% from 2.96% last week. By contrast,...

Florida announces $10M housing loan program to aid Panhandle

Aug. 17, 2020 3:05 PM EDT

TALLAHASSEE, Fla. (AP) — Gov. Ron DeSantis announced a $10 million housing loan program that could benefit hundreds of home buyers in the Florida Panhandle, which was devastated two years ago by Hurricane Michael. DeSantis traveled to Panama City Monday to make the announcement. The governor's office...

FILE - In this Friday, May 22, 2020, file photo, a sold sign sits in front of a house in Brighton, N.Y. The coronavirus pandemic helped shape the housing market by influencing everything from the direction of mortgage rates to the inventory of homes on the market to the types of homes in demand and the desired locations. (AP Photo/Ted Shaffrey, File)

Home prices climb to record in pandemic as buyers seek space

Aug. 14, 2020 3:08 AM EDT

NEW YORK (AP) — A renter most of his adult life, Clarence Swann became fearful that landlords would use the coronavirus pandemic as an excuse to gouge their tenants. So, with a desire to move near family, the retired veteran bought his first home last month at the age of 74. Swann said he used his veteran...