Latest Mortgages News

US mortgage rates mixed: 30-year unchanged at 3.1%

Nov. 24, 2021 11:12 AM EST

WASHINGTON (AP) — U.S. mortgage rates were mixed this week. The average rate on the benchmark 30-year, fixed rate home loan was unchanged from last week at 3.1%; a year ago, it stood at 2.72%. Fifteen-year, fixed rate mortgage rates blipped up to 2.42% from 2.39% last...

US average 30-year mortgage rate back up over 3% this week

Nov. 18, 2021 10:07 AM EST

SILVER SPRING, Md. (AP) — The average long-term U.S. mortgage rate rose this week, with the main 30-year rate inching back up over 3%. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year benchmark home loan jumped to a still-low 3.1% from...

New program helps families get homes in rising market

Nov. 13, 2021 08:17 AM EST

OGDEN, Utah (AP) — As things stood, Abby Reader, a junior high music teacher, figured she and her family would be renting long into the indefinite future. She and her husband, Kevin, living in a rental that was too small for their growing family, had been hoping to get...

US average long-term mortgage rates fall; 30-year at 2.98%

Nov. 10, 2021 14:10 PM EST

WASHINGTON (AP) — Average long-term mortgage rates in the U.S. fell this week, as the key 30-year rate again retreated below the 3% mark. Mortgage buyer Freddie Mac reported Wednesday that the average rate on the benchmark home loan declined to 2.98% from 3.09% last...

Average US long-term mortgage rate ticks back down this week

Nov. 04, 2021 10:02 AM EDT

SILVER SPRING, Md. (AP) — The average long-term mortgage rate in the U.S. ticked back down this week following several weeks of increases. Mortgage buyer Freddie Mac reported Thursday that the average rate for a 30-year mortgage fell to 3.09% from 3.14% last week. Last...

US average mortgage rates rise; 30-year sat 3.14%

Oct. 28, 2021 20:37 PM EDT

WASHINGTON (AP) — Average long-term mortgage rate rose this week as inflation pressures, the coronavirus pandemic and some supply shortages linger. Mortgage buyer Freddie Mac reported Thursday that the average rate for a 30-year mortgage jumped to 3.14% from 3.09% last...

Boston creates fund to help homeowners avoid foreclosure

Oct. 28, 2021 16:13 PM EDT

BOSTON (AP) — The city of Boston has set aside $5 million in emergency funds to help local homeowners avoid foreclosure. Eligible residents can apply for assistance under the program, which is open to local residents who are at least 90 days behind on payments and who...

Existing home sales surge as interest rates point higher

Oct. 21, 2021 11:50 AM EDT

Sales of previously occupied U.S. homes bounced back in September to their strongest pace since January as mortgage rates tick higher, motivating buyers to get off the sidelines. The National Association of Realtors said Thursday that existing homes sales rose 7%...

Inflation, Fed action set stage for higher mortgage rates

Oct. 21, 2021 11:33 AM EDT

LOS ANGELES (AP) — Mortgage rates have hovered near all-time lows for much of this year, even as inflation has increased sharply across much of the economy. That could begin to change in the weeks to come, now that the Federal Reserve has signaled it could announce as...

Massachusetts man faces unemployment, mortgage fraud charges

Oct. 20, 2021 09:31 AM EDT

BOSTON (AP) — A Massachusetts man was charged with illegally obtaining unemployment benefits meant for people who lost their jobs because of the coronavirus pandemic, and claiming that the assets of a nonprofit he worked for were his own in a mortgage application, federal prosecutors said....