benchmark rate

WASHINGTON | US mortgage rates fall slightly; 30-year at 4.85 percent

WASHINGTON— Long-term U.S. mortgage rates dipped slightly this week, taking a pause after weeks of steady increases stoked by rising interest rates. Home borrowing rates remain at their highest levels in more than seven years, with the key 30-year rate approaching 5 percent. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages declined … Continue reading WASHINGTON | US mortgage rates fall slightly; 30-year at 4.85 percent

WASHINGTON | Mortgage rates leap to 7-year highs; 30-year at 4.90 percent

WASHINGTON — Long-term U.S. mortgage rates leaped this week to their highest levels in seven years amid global anxiety over rising interest rates that has gripped financial markets. Costs for would-be homebuyers are climbing. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages jumped to an average 4.90 percent this week from … Continue reading WASHINGTON | Mortgage rates leap to 7-year highs; 30-year at 4.90 percent

US long-term mortgage rates fall; 30-year at 4.54 percent

WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week for the second straight week, providing a helpful jolt for potential home buyers. Last week’s decline followed weeks of increases that pushed long-term loan rates to their highest levels in seven years. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages was … Continue reading US long-term mortgage rates fall; 30-year at 4.54 percent

WASHINGTON | US mortgage rates highest since 2013; 30-year at 4.58 pct.

WASHINGTON (AP) — Long-term U.S. mortgage rates continued to climb this week, reaching their highest level in more than four years and denting prospective home purchasers’ prospects amid the spring buying season. It was the third straight week of increases for long-term mortgage rates. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, … Continue reading WASHINGTON | US mortgage rates highest since 2013; 30-year at 4.58 pct.