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Spokane, Washington  Est. May 19, 1883
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Average US 30-year mortgage falls to 3.48 percent

Long-term U.S. mortgage rates slid to new lows for the year this week amid market upheaval stoked by Britain’s vote to leave the European Union. Rates are at three-year lows at the height of the spring home buying season.

Mortgage rates drop to lowest level since May 2013

Concerns about the strength of the global economy plus the Federal Reserve’s decision this week to keep interest rates from rising have driven mortgage rates to the lowest level since May 2013.

Average 30-year mortgage rate rises to 3.66 percent

WASHINGTON – Long-term U.S. mortgage rates rose this week, lifting from their 2016 lows but remaining historically low during the spring home-buying season. Mortgage buyer Freddie Mac said Thursday the average 30-year fixed-rate mortgage increased to 3.66 percent from 3.59 percent last week. That brought it close to its level a year ago of 3.68 percent.

U.S. pending home sales decline in January

Fewer Americans signed contracts to buy homes in January, as the recent hot streak appears to have been curbed by a shortage of properties for sale and colder weather.

2015 U.S. home sales most in 9 years

WASHINGTON – U.S. home sales rebounded in December after new regulations had delayed the completion of purchases in November. And total sales in 2015 were the most in nine years. The National Association of Realtors said Friday that sales of existing homes climbed 14.7 percent last month to a seasonally adjusted annual rate of 5.46 million. Sales had previously plummeted as the industry adapted to new mortgage disclosure rules – a temporary downturn before delayed sales were finalized in December.

Mortgage rates dip following surge

Average U.S. rates on fixed mortgages fell this week after last week’s surge. Freddie Mac said Wednesday that the average on the 30-year loan dropped to 4.29 percent. That’s down from 4.46 percent last week, the highest in two years and a full point more than a month ago.

30-year mortgage rate falls to record 3.78%

The average U.S. rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home sales modestly this year.