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Long-term mortgage rates were down for the third consecutive week, but affordability issues persisted, according to the latest Freddie Mac Primary Mortgage Survey. 30-year fixed-rate mortgages ...
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.
The average long-term mortgage rate fell for the fourth week in a row, good news for prospective home buyers who have been held back by higher borrowing costs.
Evkaz. Long-term mortgage rates fell by four basis points this week, and are expected to decline modestly over the remainder of the year, according to the Freddie Mac Primary Mortgage Survey.
The average long-term U.S. mortgage rate tumbled by nearly a half-point this week, but will likely remain a significant barrier for potential homebuyers as Federal Reserve officials have all but ...
MBA predicted in its previous forecast that the 30-year fixed mortgage rate would fall to 5.3% by the fourth quarter of 2023, but it revised the year-end rate to 5.8% in the most recent release.
After a surprisingly strong Oct. 4 jobs report drove rates rapidly upward, interest rates are beginning to normalize. In the week ending Oct. 17, the average 30-year fixed-rate mortgage rate ...
Yet even as the housing market rebalances, home sales rates are expected to remain below their long-term trajectory. The 30-year mortgage rate is currently at about 6.6%.
With inflation slowing and the job market weakening, the Fed is set to make another 0.25% interest rate cut at its policy meeting on Dec. 18. Experts say it could be the last cut we see for a while.