Average rate on a 30-year mortgage in the US slips to 6.81%

The average rate on a 30-year mortgage in the U.S. eased this week, though it remains near 7% after mostly rising in recent weeks. The rate slipped to 6.81% from 6.84% last week, mortgage buyer Freddie Mac said Wednesday. That’s still down from a year ago, when the rate averaged...

Average rate on a 30-year mortgage eases in the US, though it remains near 7% after recent run-up

Federal agency raises the size of most single-family loans the government can guarantee to $806,500

The Federal Housing Finance Agency is increasing the size of home loans that the government can guarantee against default as it takes into account rising housing prices. Beginning next year, mortgage buyers Fannie Mae and Freddie Mac will be able to acquire loans of up to $806,500 on...

Rental home investors poised to benefit as mortgage rates, high home prices sideline buyers in 2025

LOS ANGELES (AP) — Rental homes will remain an attractive option next year to would-be homebuyers sidelined by high mortgage rates and rising home prices, analysts say. American Homes 4 Rent and Invitation Homes are two big real estate investment trusts poised to benefit from the...

Average rate on a 30-year mortgage in the US rises to highest level since July

The average rate on a 30-year mortgage in the U.S. edged closer to 7% this week, climbing to its highest level since July. The rate rose to 6.84% from 6.78% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate averaged 7.29%. ...

The average rate on a 30-year mortgage in the US slips to 6.78%

The average rate on a 30-year mortgage in the U.S. edged lower this week, ending a six-week climb. The rate slipped to 6.78% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate averaged 7.4%. Borrowing...

Trump's economic agenda for his second term is clouding the outlook for mortgage rates

LOS ANGELES (AP) — Donald Trump’s election win is clouding the outlook for mortgage rates even before he gets back to the White House. The president-elect campaigned on a promise to make homeownership more affordable by lowering mortgage rates through policies aimed at knocking...

Cherry Hill: Q3 Earnings Snapshot

FARMINGDALE, N.J. (AP) — FARMINGDALE, N.J. (AP) — Cherry Hill Mortgage Investment Corp. (CHMI) on Tuesday reported a loss of $12.4 million in its third quarter. On a per-share basis, the Farmingdale, New Jersey-based company said it had a loss of 49 cents. Earnings, adjusted for...

Average rate on a 30-year mortgage in the US rises for 6th straight week

The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. The rate ticked up to 6.79% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a year ago, when the rate...

Granite Point Mortgage Trust: Q3 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Granite Point Mortgage Trust Inc. (GPMT) on Wednesday reported a loss of $31 million in its third quarter. On a per-share basis, the New York-based company said it had a loss of 69 cents. Losses, adjusted for non-recurring costs and stock option...