Latest Mortgages News

US average mortgage rates steady; 30-year stays at 4.45 pct.

Jan. 17, 2019 12:03 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates held steady this week, after falling for six straight weeks to reach their lowest levels in nine months. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage was unchanged from last week at 4.45 percent....

Correction: NerdWallet-Government Shutdown-Mortgages story

Jan. 16, 2019 2:22 PM EST

In a story Jan. 11 about the government shutdown, The Associated Press — from an article that originally appeared on the personal finance web site NerdWallet — reported erroneously that mortgage loans guaranteed by the Department of Veterans Affairs would be affected by the shutdown. The VA says...

Correction: NerdWallet-Government Shutdown-Mortgages story

Jan. 15, 2019 10:33 AM EST

In a story Jan. 11 about the government shutdown, The Associated Press — from an article that originally appeared on the personal finance web site NerdWallet — reported erroneously that mortgage loans guaranteed by the Department of Veterans Affairs would be affected by the shutdown. The VA says...

Federal workers get $0 pay stubs as shutdown drags on

Jan. 11, 2019 7:40 PM EST

Federal employees received pay stubs with nothing but zeros on them Friday as the effects of the government shutdown hit home, deepening anxieties about mortgage payments and unpaid bills. All told, an estimated 800,000 government workers missed their paychecks for the first time since the shutdown began....

Payday without pay hits federal workers as shutdown drags on

Jan. 10, 2019 7:50 PM EST

OGDEN, Utah (AP) — Payday will come Friday without any checks for about 800,000 federal employees affected by the government shutdown, forcing workers to scale back spending, cancel trips, apply for unemployment benefits and take out loans to stay afloat. IRS employee Krystle Kirkpatrick and her family,...

US average mortgage rates fall; 30-year at 4.45 percent

Jan. 10, 2019 12:20 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates continued to fall this week, reaching their lowest levels in nine months. The decline in home borrowing rates in recent weeks has been a spur to prospective homebuyers, reflected in a spike in applications for mortgages. Mortgage buyer Freddie Mac said...

Trump stalks out of shutdown talks with Dems, says 'bye-bye'

Jan. 9, 2019 8:23 PM EST

WASHINGTON (AP) — President Donald Trump walked out of his negotiating meeting with congressional leaders Wednesday — "I said bye-bye," he tweeted— as efforts to end the 19-day partial government shutdown fell into deeper disarray over his demand for billions of dollars to build a wall on the...

US average mortgage rates fall; 30-year at 4.51 percent

Jan. 3, 2019 12:21 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week, starting the year with an inducement to prospective homebuyers. Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage declined to 4.51 percent from 4.55 percent last week. Despite recent...

Trade war, big profits, wild swings: a look at 2018 markets

Dec. 31, 2018 5:00 PM EST

Wall Street started 2018 strong, buoyed by a growing economy and corporate profits. It didn't end that way. U.S. stocks climbed to new highs in January, shook off a sudden, steep drop by spring and rode a wave of tax cut-juiced corporate earnings growth to another all-time high by September. Then the jitters set...

US pending home sales slipped 0.7 percent in November

Dec. 28, 2018 10:28 AM EST

WASHINGTON (AP) — Fewer Americans signed contracts to buy homes in November as higher mortgage rates and prices continued to squeeze would-be buyers out of the market. The National Association of Realtors said Friday that its pending home sales index dipped 0.7 percent last month to 101.4. The index based...