WASHINGTON — The average long-term U.S. mortgage rate ticked down for the third week in a row and have fallen more than a half-point since hitting a 20-year high less than a month ago. Mortgage buyer Freddie Mac reported Thursday that the average on the benchmark 30-year rate fell to...
US Average Mortgage Rates Tick Lower; 30-Year Loan at 2.96%
Mortgage rates remained near historic lows this week. The benchmark 30-year home loan held below the 3% mark amid further signs of the economy’s recovery from the pandemic recession. Mortgage buyer Freddie Mac said Thursday the average for the 30-year rate loan dipped to 2.96% from 2.99% last week. The...
Mortgage Rates Dip for First Time Since January
McLEAN, Va. — Mortgage rates fell for the first time in more than two months as buyers continue to be stifled by high prices and limited supply. Mortgage buyer Freddie Mac reported Thursday that the benchmark 30-year loan rate dipped to 3.13% this week from 3.18% last week. At this...
New Home Sales Fall 3.5% in Sept. After Strong Summer Season
CHARLOTTE, N.C. — Sales of new homes fell by 3.5% in September to a seasonally-adjusted annual rate of 959,000 million units, the Commerce Department said Monday, as the housing market's hot summer buying season cooled. The Commerce Department said Monday that despite the modest decrease, sales of new homes are...
US Long-Term Mortgage Rates Fall to Low; 30-Year at 2.81%
WASHINGTON — U.S. long-term mortgage rates fell this week as the key 30-year loan reached a new all-time low for the tenth time this year. Home loan rates have marked a year-long decline amid economic anxiety in the recession set off by the coronavirus pandemic. Mortgage buyer Freddie Mac reported...
US Long-Term Mortgage Rates Hit All-Time Low Again
SILVER SPRING, Md. — Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week's 3.13%. For the second week...
A Record Low on Average 30-Year Fixed Mortgage: 3.29%
WASHINGTON — The average rate on a 30-year fixed mortgage has hit a record low of 3.29%, driven down by investors shifting money into the safety of U.S. Treasuries as the coronavirus outbreak has deepened. Mortgage buyer Freddie Mac said Thursday that the average on the benchmark 30-year loan tumbled...
US Long-Term Mortgage Rates Fall; 30-Year Loan at 3.64%
WASHINGTON — U.S. long-term mortgage rates fell this week to their lowest level in 13 weeks, as financial markets roiled by U.S.-Iran conflict pushed investors toward the safety of Treasury bonds. The yield on Treasury bonds, especially the 10-year note, tends to influence mortgage rates. Mortgage buyer Freddie Mac said...
US Long-Term Mortgage Rates Ease; 30-Year Loan at 3.72%
WASHINGTON — U.S. long-term mortgage rates declined slightly this week, remaining close to the historically low levels where they have hovered for the past two months. Mortgage buyer Freddie Mac said Thursday the average rate for a 30-year fixed-rate mortgage eased to 3.72% from 3.74% last week. The benchmark rate...
US New-Home Sales Rose 1.3% in November
WASHINGTON — U.S. sales of newly built homes increased 1.3% in November from the prior month, a sign that low mortgage rates are pushing up purchases as well as prices. The Commerce Department said Monday that new single-family houses sold at a seasonally adjusted annual rate of 719,000 last month....