Justin Sullivan / Getty Images The average U.S. 30-year fixed mortgage rate fell to 2.81% from 2.87%, the lowest in Freddie M data data nearly 50 years back. This year’s reading also lowers the 10th record, reflecting borrowing costs that have boosted the housing market. The epidemic has boosted sales …
Read More »Mortgage rates grow more than 8% after 9 years, as the coronavirus pandemic hits a corner of the housing market
Tommaso Boddi / Getty Images Crime for mortgages increased a seasonally adjusted 8.22% in the second quarter to a high of nine, according to a Monday report by the Association of Mortgage Bankers. The nearly 4% jump from the previous quarter was the largest in the survey’s history, according to …
Read More »FHA mortgage forces reach a record, led by New Jersey
US mortgage rates rise for the first time in 6 weeks, topping 3%
The rate on the popular 30-year fixed-rate mortgage rose to 3.01%, according to Freddie Mac data released Thursday. It is the first time in six weeks that US mortgage rates have risen: Rates have been kept low by low yields on US Treasuries and near zero interest rates. Mortgage rates …
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