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U.S. mortgage rates extended their bounce from recent record lows in the latest week, according to Freddie Mac’s weekly survey of mortgage rates, as Treasury yields continue to climb.
The 30-year fixed-rate mortgage averaged 4.61 percent for the week ended Thursday, up from the prior week’s 4.46 percent but down from 4.81 percent a year ago. Get the full story »
After falling to jaw-dropping lows, home mortgage rates rose this week for the third week in a row, according to a new report today.
The rates on 30-year, fixed rate home loans rose to an average 4.46 percent with 0.8 point this week, up from 4.40 percent a week ago, according to the weekly survey by mortgage giant Freddie Mac. The increase comes after the 30-year, fixed-rate loan fell to a record low of 4.17 percent in early November. Get the full story »
Applications for U.S. home mortgages dropped last week as interest rates rose to the highest level since mid-August, driving down applications for refinancing, an industry group said on Wednesday. Get the full story »
Mortgage-related jobs slid in the third quarter, with the biggest net losses occurring in Maryland, Illinois and Oregon, according to an index published by MortgageDaily.com.
With 3,216 layoffs and 2,286 hires, the net loss was 930 jobs. For the first three quarters of the year, there has been a net gain of 524 jobs.
This flattening comes after a modest rebound last year, following two years of dramatic job losses. In 2005, more than half a million people worked in mortgage lending, and less than half are left now, MortgageDaily.com reports. Get the full story »
Rates on fixed mortgages edged up this week, inching further away from the lowest level in decades.
Freddie Mac said Wednesday the average rate for 30-year fixed loans rose to 4.40 percent from 4.39 percent last week. Two weeks ago, the rate hit 4.17 percent, the lowest on records dating to 1971. Get the full story »
Borrowers betting that mortgage rates would fall even further lost out this week. The best rates may be behind them.
The average rate on a 30-year fixed mortgage rose to 4.39 percent from 4.17 percent, mortgage buyer Freddie Mac said Thursday. The latter’s the lowest level on records dating to 1971. Get the full story »
Rates on fixed mortgages dropped to their lowest levels in decades this week after the Federal Reserve unveiled a massive bond-buying program to help spur economic growth. Mortgage buyer Freddie Mac says the average rate for 30-year fixed loans fell to 4.17 percent from 4.24 percent last week. That’s the lowest on records dating back to 1971. Get the full story »
Government-controlled mortgage buyer Freddie Mac on Wednesday posted a narrower loss of $4.1 billon in the third quarter as it asked for an additional $100 million in federal aid — substantially less than the $1.8 billion it sought in the second quarter.
Rates on 30-year fixed mortgages rose slightly from their lowest level in decades, inching up to a national average of 4.21 percent. Get the full story »
U.S. mortgage rates reached new record lows in the latest week, according to a Freddie Mac survey released on Thursday, as weak economic data fueled demand for safe-haven government debt.
Interest rates on U.S. 30-year fixed-rate mortgages, the most widely used loan, averaged 4.19 percent for the week ended Oct. 14, down from the previous week’s 4.27 percent and the lowest on record, according to the survey. Get the full story »
A sign offering a lot for sale is planted next to a sold home under construction in Nebraska. Rates on 30-year mortgages fell to a new low for the ninth time in 12 weeks. (AP Photo/Nati Harnik)
U.S. mortgages reached new record lows in the latest week as economic data raised the appeal of safe-haven government debt, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
While rock-bottom rates offer a glimmer of hope for a housing market struggling to find its footing in the aftermath of the expiration of a popular home buyer tax credits, their effect on home loan demand has been modest as a weak jobs market and flailing economy weigh on consumer confidence.
Interest rates on U.S. 30-year fixed-rate mortgages, the most widely used loan, averaged 4.27 percent for the week ended Oct. 7, down from the previous week’s 4.32 percent and the lowest on record, according to the survey Rates were also below their year-ago level of 4.87 percent. Freddie Mac started the survey in April 1971. Get the full story »
Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. economic recovery remains disappointingly slow with unemployment too high.
The Fed has a role to play in returning the economy health, he told teachers at a town-hall event.
“We certainly have in the near term and the medium term…some very difficult challenges,” he said. Get the full story »
U.S. home loan demand fell for a third straight week though fixed mortgage rates slid near all-time lows, with potential buyers still unnerved by the jobs market, Mortgage Bankers Association data showed on Wednesday. Get the full story »
Two years after they were taken over by the federal government, Fannie Mae and Freddie Mac face a new challenge: The mortgage-finance giants are becoming two of the nation’s largest home sellers at a time when the housing market shows new signs of softening.
Fannie and Freddie have already taken back nearly as many homes in the first half of the year as they did all of last year. They owned more than 191,000 homes at the end of June, double the year-earlier total. That number will grow because they are taking back homes faster than they sell them. Get the full story »
Mortgage rates mostly edged up last week as investors’ fears about the economy eased.
Mortgage buyer Freddie Mac says the average rate for a 30-year fixed loan was 4.35 percent, up from 4.32 percent the week before. It was only the second rise in 12 weeks. Last week’s was the lowest number since Freddie Mac began tracking rates in 1971. Get the full story »
