Latest Mortgages News
Liz Weston: 5 ways to simplify and reduce your money clutter
Professional organizers might define household clutter as a pile of unmade decisions. Money clutter is much the same. Those credit cards you no longer use but haven’t closed? That’s money clutter. So is the retirement account you left behind three jobs ago and the financial...
Average long-term US mortgage rate rises to 6.57% this week, highest level since mid March
LOS ANGELES (AP) — The average long-term U.S. mortgage rate rose this week to its highest level since mid March, driving up borrowing costs for prospective homebuyers facing a housing market that’s constrained by a dearth of homes for sale. Mortgage buyer Freddie Mac said...
The average long-term US mortgage rate rose to 6.39% this week, Freddie Mac says
LOS ANGELES (AP) — The average long-term U.S. mortgage rate edged higher this week after a two-week drop, a modest move in line with a mostly moderate shift in home-loan rates in recent weeks. Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year...
Looking for a house? High mortgages, few homes lead to biggest annual price drop in 11 years
LOS ANGELES (AP) — A persistently low inventory of homes on the market held back U.S. home sales again in April, even as the national median sale price posted its biggest annual drop in 11 years. Existing home sales fell 3.4% in April from March to a seasonally adjusted annual...
Average long-term US mortgage rate falls to 6.35% this week, lowest level in 5 weeks
LOS ANGELES (AP) — The average rate on a long-term U.S. home loan is down to the lowest level in five weeks, welcome news for house hunters facing a market constrained by persistently high prices and a near-historic low number of homes for sale. Mortgage buyer Freddie Mac said...
Average long-term US mortgage rate slips to 6.39% this week
LOS ANGELES (AP) — The average long-term U.S. mortgage rate edged lower this week, a modest boost for homebuyers looking for relief as a stubbornly low inventory of properties for sale fuels bidding wars in many markets. The average rate on the benchmark 30-year fixed-rate home...
How a Fed increase could affect credit card debt, auto loans
NEW YORK (AP) — The Federal Reserve has raised its key interest rate yet again in its drive to cool inflation, a move that will directly affect most Americans. On Wednesday, the central bank boosted its benchmark rate by a quarter-point to 5.1%. Rates on credit cards, mortgages...
Two Harbors Investments: Q1 Earnings Snapshot
ST. LOUIS PARK, Minn. (AP) — ST. LOUIS PARK, Minn. (AP) — Two Harbors Investments Corp. (TWO) on Monday reported a loss of $176.8 million in its first quarter. The St. Louis Park, Minnesota-based company said it had a loss of $2.05 per share. Earnings, adjusted for non-recurring...
Average long-term US mortgage rate rises to 6.43% this week
LOS ANGELES (AP) — The average long-term U.S. mortgage rate rose this week for the second week in a row, another setback for homebuyers facing a housing market that remains unaffordable for many Americans after years of soaring home prices. The average rate on the benchmark...
US home sales fell in March in tepid homebuying season start
LOS ANGELES (AP) — The spring homebuying season in the U.S. is off to a tepid start as buyers contend with sharply higher mortgage rates and near historic-low inventory of properties on the market. Existing U.S. home sales fell 2.4% last month from February to a seasonally adjusted...
