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U.S. new home sales hit 5-month low; supply highest since 2009

The 30-year fixed mortgage rate ... Loans in Detroit. At January's sales pace it would take 6.1 months to clear the supply of houses on the market, the most since July 2014 and up from 5.5 months in D... read more

Mortgage rates top 5%, hitting a 7-year high

The Mortgage Bankers Association said this week that the average 30-year fixed home loan rate hit 5 ... percent, also a more than seven-year high. Mortgage rates are climbing thanks to a healthy econo... read more

Would-be homebuyers chew on rising mortgage rates

What will you do if rates zoom past 5 percent? It's been seven years since rates hit 5 percent ... because waiting could be expensive. On a 30-year mortgage of $200,000, a 3.75-percent home loan means ... read more

Mortgage applications fall to 4-year low as homebuyers exit housing market

The decline was led by a 5 percent drop-off in purchase applications to a nearly two-year ... increasing prices and rising mortgage rates. The rate on the 30-year fixed-rate mortgage - the most common ... read more

US mortgage rates fall: 30-year at 4.81 percent

U.S. long-term mortgage rates recorded the biggest drop in nearly ... 4.94 percent a week earlier. It was the biggest weekly drop since January 2015. But the 30-year rate was still up from 3.92 percen... read more

30-year mortgage rates again below 5 percent

Freddie Mac reported that the average rate on the 30-year loan slipped to 4.95 percent from 5 percent. It hit a 40-year low of ... The decline has pushed mortgage rates down from a 10-month high, maki... read more

U.S. new home sales hit 5-month low; supply highest since 2009

Economists polled by Reuters had forecast new home sales, which account for nearly ... one-tenth of a percentage point to a 1.9 percent annualized rate. The economy grew at a 2.6 percent pace in the f... read more

Mortgage rates climb to 5%, first time since 2011

Mortgage rates are surging above 5 percent for the first time in more than seven years, adding a new challenge for potential home buyers. The average rate on a 30-year fixed-rate home loan hit 5.05 pe... read more

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 ... since January 2015. But the 30-year rate was still up from 3.92 percent a year ago. The rate on 15-ye... read more