Mortgage Rates

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

WASHINGTON | US pending home sales tick up in March for 2nd straight gain

WASHINGTON (AP) — Slightly more Americans signed contracts to buy homes in March, yet higher mortgage rates and a shortage of available houses are weighing on sales. The National Association of Realtors said Monday that its pending home sales index ticked up 0.4 percent last month to 107.6. It was the second straight increase, but … Continue reading WASHINGTON | US pending home sales tick up in March for 2nd straight gain

US pending home sales tick up in March for 2nd straight gain

WASHINGTON/April 30, 2018 (AP)(STLRealEstate.News) — Slightly more Americans signed contracts to buy homes in March, yet higher mortgage rates and a shortage of available houses are weighing on sales. The National Association of Realtors said Monday that its pending home sales index ticked up 0.4 percent last month to 107.6. It was the second straight … Continue reading US pending home sales tick up in March for 2nd straight gain

Road to homeownership gets rockier this spring as rates rise

LOS ANGELES/April 18, 2018 (AP)(STLRealEstate.News) — Higher mortgage rates are making the already challenging task of buying an affordable home even tougher for many Americans this spring. In metro areas such as Denver, buyers are rushing to close a deal before mortgage rates get too high. In Dallas, some are embracing longer commutes to find … Continue reading Road to homeownership gets rockier this spring as rates rise

US home building rose slightly in March, led by apartments

WASHINGTON/April 17, 2018 (AP)(STLRealEstate.News) — U.S. builders broke ground on more apartment buildings last month, pushing up overall home construction 1.9 percent. The Commerce Department said Tuesday that housing starts rose in March to a seasonally adjusted annual rate of 1.32 million, driven by a big 16 percent gain in apartment buildings. Single-family home construction … Continue reading US home building rose slightly in March, led by apartments

US long-term mortgage rates flat to higher; 30-year 4.42 pct

WASHINGTON/April 12, 2018 (AP)(STLRealEstate.News) — Long-term U.S. mortgage rates were flat to slightly higher this week with the spring home buying season well underway. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages edged up to 4.42 percent from 4.40 percent last week. The benchmark stood at an average 4.08 percent … Continue reading US long-term mortgage rates flat to higher; 30-year 4.42 pct