Latest Mortgages News

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...

Medical debt turns Mandan couple's lives upside down

Nov. 9, 2019 1:06 AM EST

MANDAN, N.D. (AP) — Doug Dworshak can't bring himself to discuss what life was like before his heart attack last year, before he and his wife, Carol, started drowning in debt, before they both were forced to quit their jobs. Before the stress, worry, frustration and disbelief came to a climax with the loss...

Kansas Rep. Watkins pays account after foreclosure lawsuit

Nov. 8, 2019 5:02 PM EST

TOPEKA, Kan. (AP) — Republican Kansas Rep. Steve Watkins paid a homeowners association in Alaska that was seeking to foreclose on his condominium, an email sent by the property manager shows. The email shows that Watkins called the property manager to resolve the matter on Thursday, the same day that The...

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...

Apple commits $2.5B to combat California housing crisis

Nov. 4, 2019 7:42 PM EST

Apple on Monday said it will put up $2.5 billion toward easing California's housing crisis. The sum from Apple eclipses pledges by fellow Silicon Valley giants Google and Facebook for addressing the lack of affordable housing in a region where affluent tech workers have helped drive up the cost of homes. Apple's...

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...

US mortgage rates rise to 3-month high

Oct. 24, 2019 11:17 AM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates rose slightly this week to their highest point in 12 weeks, though they remain far below their levels of a year ago. Mortgage giant Freddie Mac said Thursday that the average rate for a 30-year fixed mortgage rose to 3.75% from 3.69%the previous week. That's...

US mortgage rates rise this week but remain low

Oct. 17, 2019 12:01 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates rose this week after signs of a trade truce between the U.S. and China last week pushed up the interest rate on 10-year Treasurys. Mortgage giant Freddie Mac said Thursday that the average rate for a 30-year fixed mortgage rose to 3.69% from 3.57% the...

US single family-home construction ticks up, apartments fall

Oct. 17, 2019 11:13 AM EDT

WASHINGTON (AP) — U.S. home building fell last month after reaching a 12-year high in August, driven by a sharp decline in the construction of new apartments. Yet single-family home construction ticked higher for a fourth month. The Commerce Department said Thursday that overall housing starts dropped 9.4%...

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%...