December 26, 2024
Freddie Mac (FMCC) reported an increase in mortgage rates for the second consecutive week. The 30-year fixed-rate mortgage averaged 6.85%, up from 6.72% last week and higher than the 6.61% recorded a year ago. The… Continue Reading…
WASHINGTON — The average rate on a 30-year mortgage in the U.S. rose for the second week in a row to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide… Continue Reading…
The average rate on a 30-year mortgage in the U.S. rose for the third straight week to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a guide to price home loans.… Continue Reading…
Mortgage rates headed upward over the Christmas holiday week, running counter to Federal Reserve policy that might suggest movement in the opposite direction. The 30-year fixed-rate mortgage came in at an average of 6.85% for the seven-day period ending Dec.… Continue Reading…
Real Estate News/Shutterstock “Buyers and sellers are gradually returning” but inventory could take a hit if homeowners stay locked in to their lower rates, experts say. Key points: Freddie Mac’s survey found 30-year fixed-rate mortgages averaged 6.85% this week. Long-term… Continue Reading…
Zelman & Associates executive vice president Ivy Zelman discusses the hurdles of home affordability on ‘Barron’s Roundtable.’ Mortgage rates spiked this week to the highest level in five months, ending the year slightly higher than where they started. Freddie Mac’s… Continue Reading…
Photo Courtesy of NYCEDC A groundbreaking report, Banking on Climate: The Mortgage Lending Opportunity in Building Decarbonization, was released, showcasing the immense potential for mortgage lenders to drive the transition to a greener built environment. Co-authored by experts from NYC Economic… Continue Reading…
What’s New The average rate on a 30-year mortgage in the United States rose this week to the highest level in months. Why It Matters High mortgage rates and home prices have kept homeownership out of reach for many prospective… Continue Reading…
Mortgage rates ended 2024 with a bang – but not the kind that’s good for borrowers. And for anyone in the market for a home – or a refinance – 2025 may not be much kinder. In the week ending… Continue Reading…
WASHINGTON (AP) — The average rate on a 30-year mortgage in the U.S. rose for the second week in a row to its highest level since mid-July, reflecting a recent jump in the bond yields that lenders use as a… Continue Reading…