Latest Mortgage rates News
Record low US mortgage rates for the third consecutive week
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...
US unemployment falls to 11%, but new shutdowns are underway
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...
US long-term mortgage rates hit all-time low again
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...
US job market's modest improvement may be stalling
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...
US mortgage rates stall; 30-year remains at all-time low
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...
Liz Weston: How ‘maximizers’ can cut decision-making angst
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...
US mortgage rates fall; 30-year at all-time low of 3.13%
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...
US long-term mortgage rates mostly steady; 30-year at 3.21%
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...
Average 30-year mortgage rates rose slightly to 3.18%
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...
US mortgage rates fall; 30-year loan at all-time low 3.15%
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%...
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