Average rate on 30-year mortgage eases for second week in as row, but remains just below 7%

The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective home shoppers looking ahead to the spring homebuying season. The rate fell to 6.95% from 6.96% last week, mortgage buyer Freddie Mac said...

2024 US home sales hit lowest level in nearly 30 years with ownership increasingly out of reach

LOS ANGELES (AP) — The latest evidence that homeownership is becoming increasingly less accessible to many Americans: Sales of previously occupied U.S. homes fell last year to a nearly 30-year low for the second time in as many years. Elevated mortgage rates, a yearslong shortage...

Average rate on 30-year mortgage slips below 7% after climbing five weeks in a row

The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five weeks in a row. The rate fell to 6.96% from 7.04% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.69%. Borrowing...

Average rate on 30-year mortgage hits 7% after 5th straight increase, now highest level since May

The average rate on a 30-year mortgage in the U.S. ticked up this week to slightly above 7%, the highest level in eight months. The rate rose to 7.04% from 6.93% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.6%. It has risen for five straight weeks....

Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase

The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac. It was at 6.66% a year ago. It has risen for four...

Average US long-term mortgage rate rises for fourth straight week, to 6.93%

Biden administration bans unpaid medical bills from appearing on credit reports

Unpaid medical bills will no longer appear on credit reports, where they can block people from mortgages, car loans or small business loans, according to a final rule announced Tuesday by the Biden administration. The Consumer Financial Protection Bureau rule will remove $49 billion...

Average rate on a 30-year U.S. mortgage hits 6.91%, according to Freddie Mac, the highest since July

WASHINGTON (AP) — U.S. mortgage rates rose this week to the highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.91% from 6.85% last week, according to mortgage giant Freddie Mac. It was at 6.62% a year ago. The uptick in the cost of home...

Next Week in Business: jobless claims, mortgage rates and Wall Street's first trading day of 2025

A look at some of the key business events and economic indicators upcoming next week. LAYOFFS UPDATE The Labor Department issues its weekly tally of new unemployment benefit claims on Thursday. The number of Americans applying for unemployment benefits...

Average rate on a 30-year mortgage climbs to 6.85%, highest since July, as bond yields keep rising

WASHINGTON (AP) — The average rate on a 30-year mortgage in the U.S. rose for the second week in a row to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans. The rate rose to 6.85% from 6.72% last week,...