Latest Mortgages News

Judge lets an additional lawyer represent Hawaii couple

Jun. 17, 2019 10:04 PM EDT

HONOLULU (AP) — Soon after a Honolulu prosecutor and her police chief husband were indicted and accused of a fraud scheme that funded their lavish lifestyle, they told a judge they couldn't pay for lawyers to represent them. The public servant couple, who lived in the swanky part of town, used money bilked...

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...

Habitat for Humanity proposes 62-acre Wisconsin development

Jun. 17, 2019 1:06 AM EDT

SUN PRAIRIE, Wis. (AP) — Habitat for Humanity of Dane County is hoping to embark on its largest project yet — a 62-acre development in fast-growing Sun Prairie that will include some 48 Habitat homes spread among four phases along with homes sold by traditional, for-profit home builders. But as with...

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...