Mortgage Rates

WASHINGTON | Average US mortgage rates edge up; 30-year at 4.54 percent

WASHINGTON— Long-term U.S. mortgage rates edged up slightly this week, reaching their highest levels since late June. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages rose to 4.54 percent from 4.52 percent last week. Long-term loan rates have been running at their highest levels in seven years. The average benchmark 30-year … Continue reading WASHINGTON | Average US mortgage rates edge up; 30-year at 4.54 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

Mortgage Payments Require Largest Share of Income Since 2009

SEATTLE/ June 21, 2018 (STLRealEstate.News) — The combination of rising rates and strong home value appreciation led to one of the largest recorded quarterly increases in the mortgage burden for homebuyers since the Great Recession.  In the first quarter of 2018, the share of median income needed for monthly mortgage payments on the median U.S. home increased to … Continue reading Mortgage Payments Require Largest Share of Income Since 2009

The Latest: Shares in homebuilders fall ahead of Fed meeting

WASHINGTON/ June 13, 2018 (AP)(STLRealEstate.News) — The Latest on the Federal Reserve policy meeting (all times local): 12:30 p.m. Homebuilders are taking a beating on Wall Street ahead of Wednesday afternoon’s Federal Reserve meeting, where analysts are expecting a rate increase. The Fed’s rate hikes can translate into higher interest rates for credit card holders … Continue reading The Latest: Shares in homebuilders fall ahead of Fed meeting

LendingTree Reveals Where Homebuyers See the Most Mortgage Lender Competition

CHARLOTTE, N.C./ May 31, 2018 (STLRealEstate.News) — LendingTree®, the nation’s leading online loan marketplace, today released its study on where homebuyers see the most mortgage lender competition. Mortgage rates are rising, recently reaching the highest levels in seven years. One of the most effective ways borrowers can adjust to rising rates is by shopping around … Continue reading LendingTree Reveals Where Homebuyers See the Most Mortgage Lender Competition

Business Highlights

April 30, 2018 (STLRealEstate.News)US risks trade fight with Europe as sanctions delay expires WASHINGTON (AP) — The Trump administration risks igniting a trade battle with Europe just as it’s preparing for tense trade talks in China later this week. Trump is weighing whether to permanently exempt the European Union and five other countries from hefty … Continue reading Business Highlights