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Mortgages

FILE- In this Nov. 28, 2018, file photo a realtor sign hangs in front of a home for sale in Pittsburgh. On Thursday, Dec. 13, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Keith Srakocic, File)
December 13, 2018 - 10:43 am

US mortgage rates fall to 3-month low; 30-year at 4.63 pct.

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week to their lowest level in three months, an inducement to prospective homebuyers in a haltingly recovering market. Continued steep declines in the stock market pushed home borrowing rates lower, although they remain much higher than a...
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In this Nov. 28, 2018, photo, a realtor sign hangs in front of a home for sale in Pittsburgh. On Thursday, Nov. 29, Freddie Mac reports on the week's average U.S. mortgage rates. (AP Photo/Keith Srakocic)
December 06, 2018 - 10:10 am

US average mortgage rates fall; 30-year loan at 4.75%

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week amid a steep decline in stock prices. Continued slides in the stock market and tumbling oil prices have been pushing mortgage rates lower, although home borrowing rates remain much higher than a year ago. Mortgage giant Freddie Mac says...
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FILE- In this April 23, 2018, file photo advertising signs point out completed new homes, homes under construction as well as lots for new homes in Glen Allen, Va. On Wednesday, Nov. 28, the Commerce Department reports on sales of new homes in October. (AP Photo/Steve Helber, File)
November 28, 2018 - 10:12 am

US new-home sales plunged 8.9 percent in October

WASHINGTON (AP) — Sales of new U.S. homes plummeted 8.9 percent in October, as the number of newly built, unsold homes sitting on the market climbed to its highest level since 2009. The Commerce Department said Wednesday that new homes sold at a seasonally adjusted annual rate of 544,000 last month...
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FILE- In this Oct 2, 2018, file photo a for sale sign stands outside a home on the market in the north Denver suburb of Thornton, Colo. On Wednesday, Nov. 21, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/David Zalubowski, File)
November 21, 2018 - 11:08 am

US mortgage rates fall: 30-year at 4.81 percent

WASHINGTON (AP) — U.S. long-term mortgage rates recorded the biggest drop in nearly four years this week, but remain much higher than they were a year ago. Mortgage giant Freddie Mac says the average rate on the benchmark 30-year, fixed-rate mortgage fell to 4.81 percent this week, down from 4.94...
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FILE- In this July 23, 2018, file photo a construction worker puts down roofing paper on a new home as he works outside in Houston. On Tuesday, Nov. 20, the Commerce Department reports on U.S. home construction in October. (AP Photo/David J. Phillip, File)
November 20, 2018 - 8:46 am

US home construction rose 1.5 percent in October

WASHINGTON (AP) — U.S. home construction improved a slight 1.5 percent in October, but in a troubling sign, ground breakings for single-family houses fell. The Commerce Department said Tuesday housing starts rose to a seasonally adjusted annual rate of 1.23 million, up from 1.21 million in...
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FILE- In this Oct 2, 2018, file photo, a for sale sign stands outside a home on the market in the north Denver suburb of Thornton, Colo. On Thursday, Nov. 15, Freddie Mac reports on this week's average U.S. mortgage rates. (AP Photo/David Zalubowski)
November 15, 2018 - 9:44 am

US average mortgage rates flat to higher; 30-year 4.94 pct.

WASHINGTON (AP) — U.S. long-term mortgage rates were steady to slightly up this week, at their highest levels in nearly eight years and dampening home sales. Mortgage buyer Freddie Mac says the average rate on a 30-year, fixed-rate mortgage was unchanged from last week at 4.94 percent. That's the...
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In this Thursday, Aug. 30, 2018, photograph, a sale signs stand outside a home on the market in Denver. On Thursday, Sept. 13, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/David Zalubowski)
September 13, 2018 - 2:40 pm

Average US mortgage rates climb; 30-year at 4.60 percent

WASHINGTON (AP) — Long-term U.S. mortgage rates this week jumped to their highest level since the start of August, raising costs for would-be homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages climbed to 4.60 percent from 4.54 percent last...
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In this Aug. 21, 2018 photo, a home has sold in North Reading, Mass. On Thursday, Aug. 30, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Elise Amendola)
August 30, 2018 - 9:18 am

Averaged 30-year mortgage rate inches up to 4.52 percent

WASHINGTON (AP) — Long-term U.S. mortgage rates ticked up this week as borrowing costs are meaningfully higher than a year ago. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose slightly to 4.52 percent from 4.51 percent last week. The rate...
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In this Tuesday, Aug. 21, 2018 photo, a home has a sold sign in North Reading, Mass. On Wednesday, Aug. 22, the National Association of Realtors reports on sales of existing homes in July. (AP Photo/Elise Amendola)
August 22, 2018 - 10:10 am

US home sales fell 0.7 percent, 4th straight monthly decline

WASHINGTON (AP) — U.S. sales of existing homes slipped for the fourth consecutive month, declining 0.7 percent in July to the slowest pace in more than two years as the real estate market shows signs of cooling. The National Association of Realtors said Wednesday that homes sold last month at a...
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FILE- This May 4, 2018, file photo shows a house under construction in Roseville, Calif. On Thursday, Aug. 16, the Commerce Department reports on U.S. home construction in July. (AP Photo/Rich Pedroncelli, File)
August 16, 2018 - 9:16 am

July housing starts up a slight 0.9 percent as tariffs bite

WASHINGTON (AP) — U.S. housing starts ticked up just 0.9 percent in July, a sign that higher construction costs might be weighing on homebuilders. The Commerce Department said Thursday that housing starts last month rose to a seasonally adjusted annual rate of 1.17 million, not nearly enough to...
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