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U.S. long-term mortgage rates slipped this week as the key 30-year loan marked a new all-time low for the 11th time this year.
WASHINGTON — U.S. long-term mortgage rates fell this week as the key 30-year loan reached a new all-time low for the tenth time this year.
WASHINGTON — U.S. average rates on long-term mortgages changed little this week, remaining at historically low levels that has sparked demand for homes.
Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%.
U.S. average rates on long-term mortgages rose this week though they remain at historically low levels. The key 30-year loan nudged toward 3%.
Another month passes. The coronavirus pandemic marches on. And Americans struggling amid the economic fallout once again have to worry as their next rent checks come due Aug. 1.
Average rates on long-term mortgages rose this week for the first time since June 25, after weeks of marking new record lows.
Long-term U.S. mortgage rates fell this week as the benchmark 30-year home loan reached a new all-time low.
The Federal Housing Administration is changing regulations to make it easier for more first-time condo buyers to receive mortgages.
Ten years after faulty mortgages upended the global financial system, Wells Fargo agreed to pay $2.09 billion to settle a U.S. probe into its creation and sale of loans that contributed to the disaster.
After a stint of frugality, Americans have returned to their borrowing ways. But are they getting into the kinds of debt trouble that lead to recessions?
The recovery from the Great Recession has hit a milestone: Total household debt climbed to $12.73 trillion in the first quarter to top the peak reached in 2008 before the housing market crash and severe economic downturn led to a historic reduction, according to government data released Wednesday.
Fannie Mae said Friday that it will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter.
Citigroup plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.
A $90 billion wave of maturing commercial mortgages, leftover debt from the 2007 lending boom, is laying bare the weak links in the U.S. real estate market.
Young people can face a lot of challenges when it comes to buying their first home – and that list may be growing. A house can seem far-fetched for someone struggling with student loans, rising rental costs and growing child-care expenses. But recent data from the real estate website Trulia found that people buying starter homes, or those in the bottom third of home values for their market, can also have a harder time closing on their mortgages or finding a home they can afford.
When the Obama administration announced a massive effort to help distressed homeowners in 2009, it set high expectations. The program, government officials said, would keep up to 4 million borrowers out of foreclosure.
Maybe this time higher interest rates actually mean higher interest rates. A year ago, the Federal Reserve lifted the key U.S. interest rate for the first time in more than nine years. Counterintuitively, mortgage rates then fell, and homebuyers had one more chance to refinance at historically low rates.
During his presidential campaign, Donald Trump proposed sweeping changes that could have huge implications for the average American’s finances. Since winning the election, Trump has yet to release many specifics about the policies he hopes to implement once he’s in the White House. But based on what he and other Republicans have proposed in the past, the Trump presidency could affect how much consumers spend on taxes, health care and other services.