Latest National Association of Realtors News
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...
This Week in Business: retail sales, Target results, existing home sales
RETAIL RECEIPTS The Commerce Department on Tuesday releases retail sales data for April. Analysts expect that sales improved last month, rising 0.8% from March to April. In March, Americans cut their spending at retail stores for the second straight month, a sign...
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...
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...
This Week in Business
A look at some of the key business events and economic indicators upcoming this week: Bank results Bank of America reports its first-quarter financial results on Tuesday. The consumer banking giant’s latest earnings come on the heels of several bank failures in March and amid...
Average long-term US mortgage rate drops a 5th straight week
The average long-term U.S. mortgage rate inched down for the fifth straight week, positive news for potential home buyers and a real estate market that’s been chilled by the Federal Reserve's series of interest rate hikes the past year. Mortgage buyer Freddie Mac reported Thursday...
Average 30-year mortgage rate dips as spring season opens
The average long-term U.S. mortgage rate dipped for the fourth straight week, a good sign for potential home buyers and a real estate market that's been mostly cold since the Federal Reserve began raising interest rates more than a year ago. Mortgage buyer Freddie Mac reported...
Average long-term mortgage rate at lowest level in six weeks
The average long-term U.S. mortgage rate inched down this week to its lowest level in six weeks, just as the spring buying season gets underway. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell for the third straight week, to 6.32%,...
Average long-term US mortgage rate falls to 6.42% this week
The average long-term U.S. mortgage fell for the second straight week which, combined with moderating home prices, could give house hunters a break and the housing market a boost as the spring buying season begins. Mortgage buyer Freddie Mac reported Thursday that the average on the...
