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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.
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.
Mortgage buyer Freddie Mac said Thursday the average 30-year fixed-rate mortgage slipped to 3.60 percent from 3.66 percent last week. That is well below its level a year ago of 4.04 percent.
Americans signed more contracts to buy homes in April for the third straight month, driving pending home sales to the highest level in more than a decade.
Long-term U.S. mortgage rates were little changed this week at or near their lows for the year.
Long-term U.S. mortgage rates fell this week for a third straight week, posting new lows for the year. The benchmark 30-year rate reached a three-year low.
Long-term U.S. mortgage rates fell this week, following the Federal Reserve’s decision not to raise its benchmark interest rate.
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.
Americans stepped back from buying new homes in March, the third straight monthly decline as sales plunged sharply in the Western states.
Average long-term U.S. mortgage rates edged down this week to their lowest levels of the year, offering a continued incentive for purchasing during the spring home-buying season.
Average long-term U.S. mortgage rates slid this week to their lowest level since February 2015, luring prospective purchasers during the spring home-buying season.
Average long-term U.S. mortgage rates were unchanged to slightly higher this week after declining the previous week.
Average long-term U.S. mortgage rates rose this week for the first time in two months as global economic anxiety and market turbulence eased.
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.
Average long-term U.S. mortgage rates were unchanged this week, but remained at historically low levels amid worries about the global economy.
Average long-term U.S. mortgage rates fell this week for the sixth straight week as markets around the globe continued the whipsaw trading that has marked this year so far.
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.
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.
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.
Fixed mortgage rates fell to the lowest level in six decades for the second straight week. But few Americans can take advantage of the historically low rates.