Photo of a sold sign

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%, do...
Photo of a for sale sign

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 mortga...
Photo of home site sign

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 Monda...

US Single-Family Homebuilding Ticks up, Apartments Fall

WASHINGTON — U.S. homebuilding fell last month after reaching a 12-year high in August, driven by a sharp decline in the construction of new apartments. Yet single-family home construction ticked higher for the fourth straight month. "The upward trend for s...
Photo of a home surrounded by snow in Natick, Mass.

US Mortgage Rates Post Biggest Drop in Decade to 4.06%

WASHINGTON — Purchasing a home just became a lot cheaper, thanks mostly to the Federal Reserve's decision last week to put its interest rate hikes on hold for now. Mortgage buyer Freddie Mac said Thursday that the average 30-year fixed rate mortgage plunged...