Latest Mortgage figures News

Red-hot housing market to fuel record borrowing in '22

Jan. 06, 2022 11:00 AM EST

LOS ANGELES (AP) — The fierce competition, low mortgage rates and soaring prices that helped raise mortgage borrowing to record heights last year is expected to drive lending even higher this year, experts say. Banks lent an estimated $1.61 trillion for home purchases last year,...

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...