January 2, 2025
While rates have risen by nearly a percentage point since late September, buyers appear to have “recalibrated expectations” — and home sales have improved. Key points: The 30-year fixed-rate mortgage averaged 6.91% this week, the highest level since July. Even… Continue Reading…
Freddie Mac (FMCC) reported that mortgage rates have reached their highest levels since July, with the 30-year fixed-rate mortgage (FRM) averaging 6.91%, up from 6.85% last week and 6.62% a year ago. The 15-year FRM… Continue Reading…
New year, same old real estate market: The high mortgage rates, scarce inventory and dismal affordability that have plagued housing look set to linger into 2025. There were some signs of improvement late last year. Pending home sales rose for… Continue Reading…
U.S. mortgage rates rose this week to the highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.91% from 6.85% last week, according to mortgage giant Freddie Mac. It was at 6.62% a year ago. The… Continue Reading…
U.S. mortgage rates rose this week to the highest level since July. FILE – A sale sign stands outside a home on the market Thursday, Oct. 17, 2024, in the east Washington Park neighborhood of Denver. (AP Photo/David Zalubowski, File)(AP/David… Continue Reading…
WASHINGTON (Reuters) – U.S. mortgage rates jumped to a six-month high this week, suggesting that a recent improvement in home sales could be temporary. The average rate on the popular 30-year fixed-rate mortgage increased to 6.91%, the highest level since… Continue Reading…
A federal judge in New Jersey sentenced Chaim “Eli” Puretz to 24 months in prison for his role in a multi-million mortgage fraud scheme. U.S. District Court Judge Robert Kirsch cited that Puretz should be “treated very differently from his… Continue Reading…
CLEVELAND, Jan. 2, 2025 /PRNewswire/ — CrossCountry Mortgage (CCM), the nation’s number one retail mortgage lender, earned a spot in Scotsman Guide’s Top Workplaces feature for the second consecutive year. Since its inception last year, this new industry recognition highlights mortgage companies that… Continue Reading…
Mortgage rates rose again last week, leaving them near 7% to start the year. The average 30-year fixed-rate mortgage rose to 6.91% in the week through Wednesday, from 6.85% as of Dec. 26, according to Freddie Mac data. 15-year mortgage… Continue Reading…
Fewer consumers asked for a new home loan this Christmas. Mortgage applications fell 21.9% for the 14-day period ending Dec. 27 compared to the week ending Dec. 13, the Mortgage Bankers Association reported. Refinance activity declined precipitously as the effective… Continue Reading…