Rates on 30-year new mortgages surged past 7% Tuesday, bringing the current average to 7.02%, the highest since early July. Rate movement was mixed for
The US housing market has been on a wild ride in recent years. Soaring home prices fueled by historically low mortgage rates created a frenzy of buyer activity. However, the tide seems
NEW YORK — The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of
Last week, mortgage rates rose following the release of new economic projections from the Federal Reserve. Though policymakers were initially anticipating four cuts to the federal funds
(Reuters) – The top U.S. watchdog agency for consumer finance on Monday accused Rocket Homes, a unit of Rocket Companies, and a group of real
Interest rates on some mortgage terms have decreased today, but most have increased. According to Zillow, the 30-year fixed mortgage rate is up by four basis points
WASHINGTON, Dec 23 (Reuters) – Sales of new U.S. single-family homes rebounded in November after being depressed by hurricanes in the prior month, but rising
NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) — New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that its Board of Directors (the
Mortgage rates have increased this week. According to Freddie Mac, the 30-year fixed mortgage rate rose 12 basis points to 6.72% — five basis points higher than this time
Having climbed for nearly two weeks already, 30-year mortgage rates surged higher Thursday—triggered by Wednesday’s Federal Reserve announcement of a scaled-back forecast for 2025 rate
WASHINGTON, Dec 19 (Reuters) – U.S. existing home sales surged to an eight-month high in November, but higher mortgage rates and house prices remain a
For Jill Comfort, a broker who owns Comfort Realty in Maricopa, Arizona, 2024 has been a slow year. “The majority of that has to do
WASHINGTON, Dec 19 (Reuters) – U.S. mortgage rates increased this week following three straight weekly declines and could rise further after the Federal Reserve projected
WASHINGTON (Reuters) – U.S. mortgage rates dropped to the lowest level in nearly two months this week, a trend that if sustained could boost home
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Friday, December 13th, the Market Composite Index—a measure
Mortgage rates had increased for a couple straight days, but they’re finally back down again today. According to Zillow, the average 30-year fixed mortgage rate has inched
Average mortgage rates march lower as of Tuesday, December 10, 2024, as the market awaits key inflation data for November, starting with the consumer price
The United States will provide Ukraine with a $20 billion loan, with the funds coming from frozen Russian assets. The military personnel report a critical
Although most adjustable mortgage rates are up today, fixed interest rates are inching down. According to Zillow, the average 30-year fixed mortgage rate has decreased by three
The United States has announced an additional $4 billion loan guarantee to support defence procurement by Poland. The US has now provided over $11 billion
