US rates rise at weekly Treasury short-term bill auction
Interest rates on short-term Treasury bills rose in Monday’s auction to their highest levels in more than eight years. The Treasury Department auctioned $39 billion in three-month bills at a […]
Long-term mortgage rates fall, breaking 9-week rise
WASHINGTON (AP) — After nine straight weeks of increases, long-term US mortgage rates fell this week. Mortgage buyer Freddie Mac said Thursday the rate on 30-year fixed-rate loans declined to […]
WOODARD: Mortgage rates expected to trend upward
Many homeowners and prospective buyers have been dreading the day when mortgage rates rise above 4 percent. That dream rate may be long gone. The 30-year fixed-rate mortgage finished 2015 […]
Average US rate on 30-year mortgages rises to 4.01 percent
WASHINGTON (AP) — Average long-term U.S. mortgage rates crossed the 4 percent mark this week, a slight increase in the wake of the Federal Reserve decision this month to hike […]
Average US rate on 30-year mortgage slips to 3.97 percent
WASHINGTON (AP) — Average long-term U.S. mortgage rates edged slightly lower this week after two straight weeks of sharp increases. Expectations persist that the Federal Reserve may soon raise its […]
US average rate on 30-year home loans slips to 3.76 percent
Average U.S. long-term mortgage rates were slightly lower to unchanged this week amid expectations that the Federal Reserve isn’t ready yet to raise its key short-term interest rate. Here’s a look at […]
WOODARD: Declining home affordability creates hurdle
An increasing number of analysts are reporting a notable rise in home prices. This is seriously affecting the affordability of housing, despite the continuing low rates of mortgages. Sixty-three percent […]
Average US rate on 30-year mortgage drops to 3.84 percent
WASHINGTON (AP) — Average long-term U.S. mortgage rates dropped this week to their lowest levels since May, in a week marked by turmoil in global markets that was stoked by […]
WOODARD: Average family can afford majority of homes
The average family can now afford nearly 63 percent of homes offered in today’s market, according to a recent study. Low interest rates and home prices helped lift housing affordability […]
Foreign economics keep US mortgage rates low
Today’s exceptionally low mortgage rates in the U.S. are rooted in Europe and are contributing to our high level of home affordability. “Important economies around the world are struggling, and […]
Pending sales pick up; mortgage rates stay low
The light at the end of the tunnel is so bright it’s almost blinding. Home sales are in an upward trend, and mortgage financing is easier to obtain. Progress is […]
Average US 30-year mortgage rate eases to 4.29 pct
WASHINGTON — Average U.S. rates on fixed mortgages declined slightly this week as the spring home-buying season has gotten off to a slow start. Mortgage buyer Freddie Mac said Thursday […]
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