By ALEX VEIGA Mortgage rates ticked higher this week, nudging the average long-term U.S. home loan rate closer to its recent high for the year. The benchmark 30-year fixed rate mortgage rate edged up to 6.66% from 6.65% last week, mortgage…
By ALEX VEIGA The average long-term U.S. mortgage rate eased for the second week in a row, but remains elevated compared with this time last year. The benchmark 30-year fixed rate mortgage rate fell to 6.65% from 6.67% last week, mortgage…
By MATT OTT WASHINGTON (AP) — Sales of previously occupied U.S. homes slowed again in July as record prices and the highest mortgage rates in a year prove to be an insurmountable hurdle for many prospective homebuyers. Existing home sales fell 1.7% last month from…
By ALEX VEIGA The average long-term U.S. mortgage rate rose for the fourth consecutive week to its highest level in a year, another setback for prospective homebuyers hoping for a break from elevated home loan borrowing costs. The benchmark 30-year fixed…
By ALEX VEIGA The average long-term U.S. mortgage rate climbed this week to its highest level in nearly 12 months, pushing up borrowing costs for prospective homebuyers at a time when rising oil prices are already squeezing household budgets. The benchmark 30-year fixed…
By ALEX VEIGA The average long-term U.S. mortgage rate edged higher this week, staying close to 6.5%, where it’s been the last six weeks. The benchmark 30-year fixed rate mortgage rate rose to 6.49% from 6.47% last week, mortgage buyer Freddie Mac…
By ALEX VEIGA The average long-term U.S. mortgage rate eased this week from its highest level in nine months, welcome relief for prospective homebuyers. The benchmark 30-year fixed rate mortgage rate fell to 6.48% from 6.53% last week, mortgage buyer Freddie…
By ALEX VEIGA The average long-term U.S. mortgage rate edged lower after rising the previous two weeks. The benchmark 30-year fixed rate mortgage rate fell to 6.36% from 6.37% last week, mortgage buyer Freddie Mac said Thursday. One year ago, the…
By ALEX VEIGA The average long-term U.S. mortgage rate rose this week, pushing up borrowing costs for prospective homebuyers in the midst of the spring homebuying season. The benchmark 30-year fixed rate mortgage rate rose to 6.3% from 6.23% last week,…
By ALEX VEIGA LOS ANGELES (AP) — The economic fallout from the war with Iran is driving up the cost of buying a home, even as other housing market trends in many parts of the country favor home shoppers this spring.…
By ALEX VEIGA The average long-term U.S. mortgage rate climbed this week to its highest level in more than six months, driving up borrowing costs during what’s typically the busiest time of the year for prospective home buyers. The benchmark 30-year…
By ALEX VEIGA The average long-term U.S. mortgage rate came off its lowest level in three and a half years this week, as bond yields marched higher following a spike in oil prices due to the war with Iran. The benchmark 30-year fixed rate…
By ALEX VEIGA The average long-term U.S. mortgage rate slipped this week below 6% for the first time since late 2022, good news for home shoppers as the spring homebuying season gets rolling. The benchmark 30-year fixed rate mortgage rate fell…