Latest Mortgage rates News

A sold sign hangs in front of a house in Brighton, New York, on Saturday, July 4, 2020. Long-term U.S. mortgage rates fell the first week of July with the benchmark 30-year home loan hitting its lowest level ever. (AP Photo/Ted Shaffrey)

Record low US mortgage rates for the third consecutive week

Jul. 9, 2020 11:29 AM EDT

BALTIMORE (AP) — Rates on 30-year mortgages have fallen to record lows for the third consecutive week as inflation remains muted in a weakened economy, even in the face of persistent demand from homebuyers Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate...

Wearing masks amid concerns of the spread of COVID-19, volunteers Karen Cooperstein, right, and Edwin Chinchilla, left, prepare food for the pubic during a drive through food pantry distribution by Catholic Charities in Dallas, Thursday, July 2, 2020. (AP Photo/LM Otero)

US unemployment falls to 11%, but new shutdowns are underway

Jul. 2, 2020 4:28 PM EDT

WASHINGTON (AP) — U.S. unemployment fell to 11.1% in June as the economy added a solid 4.8 million jobs, the government reported Thursday. But the job-market recovery may already be faltering because of a new round of closings and layoffs triggered by a resurgence of the coronavirus. While the jobless rate...

FILE - This May 22, 2020 file photo shows a sold sign in front of a house in Brighton, N.Y. Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday, July 2 that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week’s 3.13%. (AP Photo/Ted Shaffrey, File)

US long-term mortgage rates hit all-time low again

Jul. 2, 2020 11:00 AM EDT

SILVER SPRING, Md. (AP) — Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week's 3.13%. For the second...

A man walks past a retail store that is going out of business due to the coronavirus pandemic in Winnetka, Ill., Tuesday, June 23, 2020. Illinois Gov. J.B Pritzker announced a package of state grant programs that will help support communities and businesses impacted by the COVID-19 pandemic and unrest in the area. (AP Photo/Nam Y. Huh)

US job market's modest improvement may be stalling

Jun. 25, 2020 3:49 PM EDT

WASHINGTON (AP) — The number of laid-off workers seeking U.S. unemployment aid barely fell last week, and the reopening of small businesses has leveled off — evidence that the job market's gains may have stalled just as a surge in coronavirus cases is endangering an economic recovery. The government...

FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. Long-term U.S. mortgage were unchanged this week as the benchmark 30-year home loan remains at a its lowest rate in nearly 50 years. Mortgage buyer Freddie Mac reported Thursday, June 25, 2020 that the average rate on the key 30-year loan stood at 3.13%. (AP Photo/Steven Senne, File)

US mortgage rates stall; 30-year remains at all-time low

Jun. 25, 2020 3:22 PM EDT

NEW YORK (AP) — Long-term U.S. mortgage were unchanged this week as the benchmark 30-year home loan remains at its lowest rate in nearly 50 years. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year loan stood at 3.13%, the same as last week. It is the lowest level since...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. When stock markets are rattled by news events, it’s unsettling for any investor — but especially so for those who are retired (or nearly there). The first thing anyone with an investment portfolio should do is make sure it’s properly balanced, taking both income needs and risk tolerance into account. (NerdWallet via AP, File)

Liz Weston: How ‘maximizers’ can cut decision-making angst

Jun. 22, 2020 6:40 AM EDT

No one wants to waste money, but some of us go overboard trying to get the best possible deal. I have spent nearly as much time researching which hiking socks to buy as I have choosing a new car. Others of my species — we’re called “maximizers” — might miss locking in a good...

FILE - In this Sept. 25, 2019 file photo, a realty company's signs rest on several lawns in front of newly constructed houses in Brandon, Miss..  Long-term U.S. mortgage rates fell, Thursday, June 18, 2020,  as the benchmark 30-year home loan reached a new all-time low. Mortgage buyer Freddie Mac reports that the average rate on the key 30-year loan declined to 3.13% from 3.21% last week.  (AP Photo/Rogelio V. Solis, File)

US mortgage rates fall; 30-year at all-time low of 3.13%

Jun. 18, 2020 12:11 PM EDT

WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week as the benchmark 30-year home loan reached a new all-time low. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year loan declined to 3.13% from 3.21% last week. It was the lowest level since Freddie began...

FILE - In this Sept. 25, 2019 file photo, a sign promoting an open house sits atop a realty company's lawn sign in Brandon Miss.  Long-term U.S. mortgage rates were mostly steady, Thursday, June 11, 2020, continuing to hover near all-time lows. Mortgage buyer Freddie Mac reports that the average rate on the benchmark 30-year home loan edged up to 3.21% from 3.18% last week.  .(AP Photo/Rogelio V. Solis, File)

US long-term mortgage rates mostly steady; 30-year at 3.21%

Jun. 11, 2020 11:18 AM EDT

WASHINGTON (AP) — Long-term U.S. mortgage rates were mostly steady this week, continuing to hover near all-time lows. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year home loan edged up to 3.21% from 3.18% last week. A year ago, the rate stood at 3.82%. The...

This May 22, 2020 photo shows a sold sign in front of a house in Brighton, N.Y.  On Thursday, May 28, long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold. Mortgage buyer Freddie Mac reports that the average rate on the 30-year loan tumbled to 3.15% from 3.24% last week. (AP Photo/Ted Shaffrey)

Average 30-year mortgage rates rose slightly to 3.18%

Jun. 4, 2020 12:05 PM EDT

BALTIMORE (AP) — Long-term mortgage rates increased slightly as the U.S. economy showed signs that the worst of the coronavirus-fueled recession may have passed. The average interest charged on a 30-year mortgage was 3.18% this week, up from 3.15% a week ago, according to a report Thursday by mortgage...

This May 22, 2020 photo shows a sold sign in front of a house in Brighton, N.Y.  On Thursday, May 28, long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold. Mortgage buyer Freddie Mac reports that the average rate on the 30-year loan tumbled to 3.15% from 3.24% last week. (AP Photo/Ted Shaffrey)

US mortgage rates fall; 30-year loan at all-time low 3.15%

May. 28, 2020 3:00 PM EDT

WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week as the key 30-year home loan marked an all-time low for the third time in the last few months since the coronavirus outbreak took hold. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year loan tumbled to 3.15%...