Latest Mortgage rates News

US mortgage rates fell this week, boosting housing market

Nov. 21, 2019 3:19 PM EST

WASHINGTON (AP) — U.S. mortgage rates turned down this week, lowering the cost of purchasing a home and supporting the housing market. Mortgage giant Freddie Mac said Thursday that the average rate for a 30-year fixed mortgage fell to 3.66% this week from 3.75% last week. The average 15-year rate declined...

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...

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%...