Latest Mortgage rates News

December marks 3rd straight month of growth for US builders

Jan. 19, 2022 09:55 AM EST

SILVER SPRING, Md. (AP) — Construction of new homes in the U.S. rose for the third consecutive month in December and data released Wednesday suggests that the frantic pace of building will continue this year. The December increase puts home construction at a seasonally adjusted...

US average long-term mortgage rates jump; 30-year now 3.45%

Jan. 13, 2022 10:09 AM EST

SILVER SPRING, Md. (AP) — Average long-term U.S. mortgage rates jumped again this past week, reaching their highest level since March 2020, just as the coronavirus pandemic was breaking in the U.S. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark...

US average long-term mortgage rates rise; 30-year at 3.22%

Jan. 06, 2022 12:59 PM EST

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose in the past week to start the new year. They reached their highest level since May 2020, at the height of the coronavirus pandemic, yet remained historically low. Mortgage buyer Freddie Mac reported Thursday that the...

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,...

Mortgage rates tick up but remain low in final days of 2021

Dec. 30, 2021 10:10 AM EST

SILVER SPRING, Md. (AP) — Average long-term U.S. mortgage rates moved slightly higher in the final week of 2021. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark, 30-year home loan ticked up to 3.11% this week from 3.05% last week. A year ago, the...

Omicron worries push mortgage rates down; 30-year at 3.05%

Dec. 23, 2021 12:14 PM EST

WASHINGTON (AP) — Fears about the economic fallout from the omicron variant pushed long-term U.S. mortgage rates lower this week. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark, 30-year home loan dipped to 3.05% this week from 3.12% last week. A...

New home sales jump 12.4% in November, highest in 7 months

Dec. 23, 2021 10:54 AM EST

WASHINGTON (AP) — Sales of new single-family homes rose 12.4% in November, the fastest pace in seven months, as the housing industry continued to benefit from low mortgage rates and strong demand. The November increase pushed the seasonally adjusted annual sales pace to 744,000...

Mortgage rates up slightly this week to a still-low 3.12%

Dec. 16, 2021 10:28 AM EST

SILVER SPRING, Md. (AP) — The average interest rate on a long-term mortgage in the U.S. ticked up slightly this week but remain historically low just as the Federal Reserve announces that it will begin tightening credit. Mortgage buyer Freddie Mac reported Thursday that the average...

Average US long-term mortgage rates hold firm another week

Dec. 09, 2021 10:16 AM EST

SILVER SPRING, Md. (AP) — The average interest rate on a long-term mortgage in the U.S. held firm again this week. Mortgage buyer Freddie Mac reported Thursday that the average rate on the benchmark 30-year, fixed rate home loan ticked down this week to 3.10% from 3.11% last week....

US long-term mortgage rates relatively flat this week

Dec. 02, 2021 10:19 AM EST

SILVER SPRING, Md. (AP) — The average interest rate for long-term mortgages in the U.S. remained flat this week, following the Federal Reserve suggesting that it would start tightening credit by raising its benchmark rate. Mortgage buyer Freddie Mac reported Thursday...