Freddie Mac

Average US mortgage rates edge up; 30-year at 4.53 percent

  WASHINGTON/ July 12, 2018 — Long-term U.S. mortgage rates edged higher this week, marking their first increase since early June. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages ticked up to 4.53 percent from 4.52 percent a week earlier. Despite the decline in recent weeks, long-term loan rates have … Continue reading Average US mortgage rates edge up; 30-year at 4.53 percent

Average US 30-year mortgage rates fall to 4.52 percent

WASHINGTON/ July 5, 2018  (STL.News)— Long-term U.S. mortgage rates fell this week, offering a slight degree of relief to would-be homebuyers. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. Rates have declined in five of the past six weeks. … Continue reading Average US 30-year mortgage rates fall to 4.52 percent

US long-term mortgage rates fall; 30-year at 4.57 percent

WASHINGTON/June 21, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates fell this week, marking their third decline in the past four weeks after increasing last week. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.57 percent, down from 4.62 percent last week. By contrast, the 30-year rate averaged 3.90 percent … Continue reading US long-term mortgage rates fall; 30-year at 4.57 percent

Existing-Home Sales Backpedal, Decrease 0.4 Percent in May

WASHINGTON/ June 20, 2018 (STLRealEstate.News) — Existing-home sales fell back for the second straight month in May, as only the Northeast region saw an uptick in activity, according to the National Association of Realtors®. Total existing-home sales1, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 0.4 percent to a … Continue reading Existing-Home Sales Backpedal, Decrease 0.4 Percent in May

US home sales fell 0.4 percent in May amid inventory crunch

WASHINGTON/June 20, 2018 (AP)(STLRealEstate.News) — U.S. existing home sales slipped 0.4 percent in May, as the prolonged shortage of properties on the market is deterring home-buying. The National Association of Realtors said Wednesday that homes sold at a seasonally adjusted annual pace of 5.43 million in May, the second straight monthly decline. Sales have tumbled … Continue reading US home sales fell 0.4 percent in May amid inventory crunch

US long-term mortgage rates jump; 30-year at 4.62 percent

WASHINGTON/June 14, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates jumped this week after two straight weeks of declines, reaching their second-highest level this year. Against a backdrop of rising interest rates in the economy, long-term loan rates have been running at their highest levels in seven years. And the Federal Reserve on Wednesday raised its … Continue reading US long-term mortgage rates jump; 30-year at 4.62 percent

The Appraisal Foundation Hosts National Appraisal Forum to Discuss Appraisal Waivers and Hybrid Appraisals

WASHINGTON/ June 9, 2018 (STLRealEstate.News) — The Appraisal Foundation today convened the largest national gathering of organizations with an interest in valuation to provide a forum on emerging appraisal issues. Representatives from the Foundation’s two advisory councils, representing approximately 100 companies, non-profit organizations, and government agencies, were in attendance to hear presentations and exchange thoughts … Continue reading The Appraisal Foundation Hosts National Appraisal Forum to Discuss Appraisal Waivers and Hybrid Appraisals

US average mortgage rates fall; 30-year at 4.56 percent

WASHINGTON/May 31, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates fell this week, breaking a steady climb that pushed them to their highest levels in seven years. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages was 4.56 percent, down from 4.66 percent last week. Amid the peak home buying season, the average … Continue reading US average mortgage rates fall; 30-year at 4.56 percent