Latest Mortgages News

Interest rates are down, so is it time to refinance?

Jun. 17, 2019 3:01 AM EDT

Interest rates for mortgages are low __ really low. As of the first week of June, long-term mortgage rates were down for the sixth consecutive week. The 30-year fixed rate average was below 4 percent, its lowest point since September 2017. If you're a homeowner, you may be wondering if now's the time to...

US long-term mortgage rates little changed; 30-year at 3.82%

Jun. 13, 2019 12:48 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates were little changed this week, after six straight weeks of declines putting them at historically low levels. Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage held steady from last week at 3.82 percent, its lowest...

US long-term mortgage rates fall; 30-year average at 3.82%

Jun. 6, 2019 12:46 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates fell for the sixth consecutive week, with the key 30-year loan average running below 4% and at its lowest point since September 2017. The declining rates have been a boon to potential purchasers in the spring home buying season, and the number of homeowners...

Uncle denies theft in Hawaii power couple's corruption trial

Jun. 5, 2019 8:39 PM EDT

HONOLULU (AP) — The first question a special federal prosecutor asked a witness Wednesday in an ongoing Hawaii corruption trial: Did you take the mailbox at the home of a now-retired police chief and his wife? "Absolutely not," answered Gerard Puana. U.S. prosecutors say framing Puana was key to a...

Millennial Money: How to share a deed without an 'I do'

Jun. 4, 2019 11:42 AM EDT

My partner had a goal: He wanted to be a homeowner by 30. A natural at saving, he built up a down payment throughout his mid-20s. I, on the other hand, always struggled to save. That put us in very different financial positions when it came time to buy a house. We were committed to sharing the road ahead, but...

US long-term mortgage rates fall; 30-year average below 4%

May. 30, 2019 2:45 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates fell for the fifth consecutive week, tipping the key 30-year loan average below 4% for the first time in nearly a year and a half. The declining rates have been a boon to potential purchasers in the spring home buying season. Mortgage buyer Freddie Mac said...

Young homebuyers scramble as prices rise faster than incomes

May. 25, 2019 2:59 PM EDT

SALT LAKE CITY (AP) — For millennials looking to buy their first home, the hunt feels like a race against the clock. In the seven years since the housing crash ended, home values in more than three-quarters of U.S. metro areas have climbed faster than incomes, according to an Associated Press analysis of...

US long-term mortgage rates slip; 30-year average at 4.06%

May. 23, 2019 12:46 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates fell slightly this week, marking a fourth straight week of declines to lure prospective purchasers in the spring homebuying season. Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage slipped to 4.06% from 4.07% last...

US long-term mortgage rates fall; 30-year average at 4.07%

May. 16, 2019 12:04 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates fell slightly this week, marking a third straight week of declines as a continued inducement to purchasers in the spring homebuying season. Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage eased to 4.07% from 4.10%...

US long-term mortgage rates decline; 30-year average 4.10%

May. 9, 2019 12:22 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates declined this week for a second straight week, reversing the upward trend in April as a lure to potential home buyers. Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage fell to 4.10% from 4.14% last week. By...