Mortgage Rates

Freddie Mac reports slight downtick in 30 year mortgages

A slight drop in reported 30 year mortgage rates by Freddie Mac continues to show a short term decline in rates.  With last weeks rise in 10 year treasuries, there was a possibility that we may have seen a slight increase, but this did not happen and we have experienced 3 continued weeks of either … Continue reading Freddie Mac reports slight downtick in 30 year mortgages

30 Year Mortgage Rates Hold Steady from Last Week

Freddie Mac has reported 30 year mortgage rates have held steady from last weeks drop, at 4.81 percent From USREALTY.NEWS This hold followed a drop in reported rates from October 11 rates of 4.9 percent and the range up to 4.94 percent reported at the November 8 to November 15 time frame. As rates steady … Continue reading 30 Year Mortgage Rates Hold Steady from Last Week

WASHINGTON | US average mortgage rates steady; 30-year stays at 4.81 pct.

WASHINGTON  — U.S. long-term mortgage rates barely budged this week after marking the biggest drop in nearly four years a week earlier. Home borrowing rates remain much higher than they were a year ago. Mortgage giant Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage held steady at 4.81 percent this … Continue reading WASHINGTON | US average mortgage rates steady; 30-year stays at 4.81 pct.

WASHINGTON | US home sales rise 1.4 percent, snap 6-month losing streak

WASHINGTON — U.S. home sales rose in October, breaking a six-month losing streak. But sales are still down from a year ago, hurt by rising interest rates. The National Association of Realtors says that sales of existing homes climbed 1.4 percent to a seasonally adjusted annual rate of 5.22 million last month from 5.15 million … Continue reading WASHINGTON | US home sales rise 1.4 percent, snap 6-month losing streak

WASHINGTON | US home construction rose 1.5 percent in October

WASHINGTON  — U.S. home construction improved a slight 1.5 percent in October, but in a troubling sign, ground breakings for single-family houses fell. The Commerce Department said Tuesday housing starts rose to a seasonally adjusted annual rate of 1.23 million, up from 1.21 million in September. The gains came entirely from apartments. Starts for single-family … Continue reading WASHINGTON | US home construction rose 1.5 percent in October

NEW YORK | Homeowners are spending, Home Depot is winning

NEW YORK  — Home Depot breezed past all expectations in the third quarter and raised its annual profit expectations again as Americans plow money into their homes, even amid hints that the housing market is cooling. Comparable-store sales, a key indicator of a retailer’s health, rose 4.8 percent, but it jumped 5.4 percent in the … Continue reading NEW YORK | Homeowners are spending, Home Depot is winning

NEW YORK | US stock indexes edge lower after a big post-election surge

NEW YORK — Stocks in the U.S. are taking small losses Thursday morning after a big rally the day before. Technology companies are slipping after chipmaker Qualcomm gave a disappointing revenue forecast for the current quarter and homebuilders are down after a weak fourth quarter. Health care companies are broadly higher after a big gain … Continue reading NEW YORK | US stock indexes edge lower after a big post-election surge

WASHINGTON | US pending home sales nudged upward in September

WASHINGTON— Pending home sales rose slightly in September, but contract signings are depressed from a year ago as affordability has become a greater challenge for would-be buyers. The National Association of Realtors says that its pending home sales index increased 0.5 percent last month to 104.6. But over the past year, this metric declined 1 … Continue reading WASHINGTON | US pending home sales nudged upward in September