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Doctors plead with Congress to help improve U.S. maternal mortality rates

Doctors plead with Congress to help improve U.S. maternal mortality rates

02 May 2024

WASHINGTON — Doctors on Thursday urged Congress to pass legislation addressing the disproportionately high rates of maternal mortality throughout the country and to lower barriers that have hindered people of color from becoming medical professionals. During a hearing in the U.S. Senate’s Health, Education, Labor and Pensions Committee, a panel of five medical professionals detailed […]

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Average long-term US mortgage rate rises for again, reaching highest level more than five months

Average long-term US mortgage rate rises for again, reaching highest level more than five months

02 May 2024

LOS ANGELES (AP) — The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the housing market’s busiest stretch of the year. The rate rose to 7.22% from 7.17% last week, mortgage buyer Freddie Mac said […]

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Today’s mortgage rates for May 2, 2024: Rates remaining steady

Today’s mortgage rates for May 2, 2024: Rates remaining steady

02 May 2024

Today’s 30-year fixed mortgage rate is 7.75% which is higher than last week’s 7.65%, according to data from Curinos. This is an increase from last month’s 7.37%. Last year around the same time, 30-year fixed rates were 5.95%, which makes today’s rate much higher than it was a year ago. At the current 30-year fixed […]

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US construction spending falls in March

US construction spending falls in March

01 May 2024

WASHINGTON(Reuters) – U.S. construction spending unexpectedly fell in March likely as a resurgence in mortgage rates weighed on homebuilding, but activity remains supported by an acute housing shortage. The Commerce Department’s Census Bureau said on Wednesday that construction spending slipped 0.2% after being unchanged in February. Economists polled by Reuters had forecast construction spending gaining […]

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Fed holds interest rates steady, gives no sign it will cut soon as inflation fight stalls

Fed holds interest rates steady, gives no sign it will cut soon as inflation fight stalls

01 May 2024

WASHINGTON–The Federal Reserve held its key interest rate steady again Wednesday and gave no signal that it plans to lower it anytime soon following a resurgence of inflation early this year. In a statement after a two-day meeting, the Fed pointedly said: “In recent months, there has been a lack of further progress toward the (Fed’s) 2 […]

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Daily mortgage rates for May 1, 2024: Rates slightly increase

Daily mortgage rates for May 1, 2024: Rates slightly increase

01 May 2024

According to data from Curinos, mortgage rates for a 30-year fixed-rate loan sit at 7.77%. This means they’ve risen from 7.65% last week. Last month, rates were at 7.37%, putting today’s rates significantly higher and up from 5.95% last year. The 30-year fixed-rate average today is 1.36 percentage points below the 52-week high of 9.13% and 2.14 […]

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Union Home Mortgage Named to Newsweek’s America’s Greatest Workplaces 2024 for Diversity

Union Home Mortgage Named to Newsweek’s America’s Greatest Workplaces 2024 for Diversity

30 April 2024

STRONGSVILLE, Ohio, April 30, 2024 /PRNewswire/ — Union Home Mortgage (UHM), a high-growth independent mortgage banking company with a world-class culture, announced today it has been recognized as one of America’s Greatest Workplaces for Diversity in 2024 by Newsweek and Plant-A Insights Group. The survey garnered over 220,000 respondents and included representation from over 1.5 million companies across the […]

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Home Prices Continue Their Rise, Defying High Mortgage Rates

Home Prices Continue Their Rise, Defying High Mortgage Rates

30 April 2024

Home prices continued their upward trend in February, defying high mortgage rates and low inventory of homes for sale. The S&P CoreLogic Case-Shiller national housing index rose 6.4% from February a year ago and up from the 6% annual increase registered in January. San Diego led the way with an 11.4% annual increase, while Chicago and […]

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Mortgage rates for April 30, 2024: Rates trending about the same

Mortgage rates for April 30, 2024: Rates trending about the same

30 April 2024

Today’s 30-year fixed mortgage rate is 7.68% which is slightly higher than last week’s 7.65%, according to data from Curinos. This is an increase from last month’s 7.27%. Last year around the same time, 30-year fixed rates were 5.95%, which makes today’s rate much higher than it was a year ago. At the current 30-year fixed rate, […]

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Down Payment Resource brings its award-winning homebuyer assistance software to The Mortgage Collaborative as a preferred partner

Down Payment Resource brings its award-winning homebuyer assistance software to The Mortgage Collaborative as a preferred partner

29 April 2024

Down Payment Resource (DPR), the housing industry’s leading technology for connecting homebuyers with homebuyer assistance programs, today announced that it has joined The Mortgage Collaborative (TMC), the nation’s largest independent cooperative network serving the mortgage industry. As a member of TMC’s Preferred Partner Network, DPR will provide its software, which provides operational support for utilizing its database of more […]

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In Today’s Economy, 58 Percent of U.S. Homeowners Can’t Afford to Buy Their Current Home

In Today’s Economy, 58 Percent of U.S. Homeowners Can’t Afford to Buy Their Current Home

29 April 2024

According to a recent survey by national property broker Redfin, almost 58% of U.S. homeowners feel they probably couldn’t afford to repurchase their current homes at today’s prices and mortgage rates. This insight comes from a survey carried out in February 2024 by Qualtrics, involving approximately 3,000 U.S. residents. The survey indicates that a significant […]

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Mortgage rates for April 29, 2024: Rates trending about the same

Mortgage rates for April 29, 2024: Rates trending about the same

29 April 2024

The average mortgage rate for 30-year fixed loans rose today to 7.70% from 7.65% last week, according to data from Curinos. This is up from last month’s 7.30% and up from a year ago when it was 5.95%. At the current 30-year fixed rate, you’ll pay about $712 each month for every $100,000 you borrow […]

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US pending home sales jumped in March, beating expectations by a mile

US pending home sales jumped in March, beating expectations by a mile

25 April 2024

WashingtonCNN —  Home sales based on contract signings unexpectedly jumped in March despite elevated mortgage rates that month. And the latest data from Freddie Mac showed that mortgage rates edged higher this week, reaching a fresh five-month high. Pending home sales — a forward-looking indicator based on contract signings rather than closings — climbed 3.4% in March, […]

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U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown

U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown

25 April 2024

The U.S. economy continued to grow early this year, but at a sharply slower rate as strong consumer spending was offset by higher prices and pockets of weakness in other sectors. Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of 2024, down from 3.4 percent at the […]

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Daily mortgage rates for April 25, 2024: Steady ratesDaily mortgage rates for April 25, 2024: Steady rates

Daily mortgage rates for April 25, 2024: Steady ratesDaily mortgage rates for April 25, 2024: Steady rates

25 April 2024

Today’s 30-year fixed mortgage rate is 7.65% which is slightly higher than last week’s 7.63%, according to data from Curinos. This is an increase from last month’s 7.29%. Last year around the same time, 30-year fixed rates were 5.92%, which makes today’s rate much higher than it was a year ago. At the current 30-year fixed rate, […]

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Daily mortgage rates for April 24, 2024: Steady rates

Daily mortgage rates for April 24, 2024: Steady rates

24 April 2024

According to data from Curinos, mortgage rates for a 30-year fixed-rate loan sit at 7.65%. This means they’ve risen slightly from 7.63% last week. Last month, rates were at 7.29%, putting today’s rates significantly higher and up from 5.92% last year. The 30-year fixed-rate average today is 1.48 percentage points below the 52-week high of […]

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Mortgage Rate Predictions for Next 2 Years

Mortgage Rate Predictions for Next 2 Years

24 April 2024

As of April 19, 2024, the mortgage landscape in the United States has been marked by a period of fluctuation, with rates experiencing a slight increase. Here’s an analysis of current averages and expert predictions for the next two years. The average rate for a conventional 30-year fixed mortgage was reported at 7.22%, while the […]

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Housing experts say there just aren’t enough homes in the US

Housing experts say there just aren’t enough homes in the US

24 April 2024

Finding an affordable place to live in the U.S. can feel pretty impossible whether you’re a renter or a buyer. To begin with, there’s a massive shortage of homes — somewhere between 4 and 7 million. And those who are able to find homes are spending a much bigger chunk of their paycheck than in recent […]

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US new home sales surged in March despite elevated mortgage rates

US new home sales surged in March despite elevated mortgage rates

23 April 2024

NEW YORK — Sales of newly built single-family homes in the United States soared in March despite mortgage rates remaining elevated that month. New home sales, which make up about 10% of the market, jumped 8.8% last month to a seasonally adjusted annual rate of 693,000, according to government figures released Tuesday. That trounced the […]

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Cost of Buying a Home Hits Record High as Mortgage Rates Jump in U.S.

Cost of Buying a Home Hits Record High as Mortgage Rates Jump in U.S.

23 April 2024

This past week, the average daily mortgage rate climbed to over 7.4%, marking its highest point since last November 2023, influenced by an unexpectedly high inflation report and confirmation from the Federal Reserve that interest rate reductions would be postponed. Concurrently, home prices have also ascended, with the median sale price of U.S. homes rising […]

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Mortgage rates for April 23, 2024: Rates trending about the same

Mortgage rates for April 23, 2024: Rates trending about the same

23 April 2024

Today’s 30-year fixed mortgage rate is 7.67% which is higher than last week’s 7.63%, according to data from Curinos. This is an increase from last month’s 7.29%. Last year around the same time, 30-year fixed rates were 5.92%, which makes today’s rate much higher than it was a year ago. At the current 30-year fixed rate, you’ll […]

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US regional banks seen booking more commercial property losses, loan sales

US regional banks seen booking more commercial property losses, loan sales

22 April 2024

US regional banks are expected to set aside more money to cover potential commercial real estate (CRE) losses and sell more property loans as the sector remains under pressure a year after the collapse of Silicon Valley Bank and Signature Bank. Most multifamily loans are made by regional banks, so when New York Community Bank […]

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