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Loans Stories

Market turmoil: A gift for mortgage refinancers?

A sudden plunge in mortgage rates this week raised an urgent question for millions of Americans: Should I refinance my mortgage? Across the country, homeowners and would-be homeowners eager for a bargain rate fired off inquiries to lenders. The opportunity … Continue reading

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Average US 30-year mortgage rate at 3.97 percent

WASHINGTON (AP) — Average U.S. mortgage rates tumbled this week. The 30-year loan hit its lowest level since June 2013 as Treasury bond yields marked new lows amid concern over global economic weakness. It was the fourth straight week of … Continue reading

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Average US 30-year mortgage rate at 3.97 percent

WASHINGTON (AP) — Average U.S. mortgage rates tumbled this week. The 30-year loan hit its lowest level since June 2013 as Treasury bond yields marked new lows amid concern over global economic weakness. It was the fourth straight week of … Continue reading

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US mortgage rates down for third straight week

WASHINGTON (AP) — Average U.S. mortgage rates fell for the third straight week, making it more affordable to borrow to buy a home. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan fell to 4.12 … Continue reading

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Average US 30-year mortgage rate at 4.20 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates declined slightly this week, after marking their largest one-week gain of the year the previous week. Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan eased to … Continue reading

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Canadian housing starts cool in August, seen moderating further

By Andrea Hopkins TORONTO (Reuters) – Canadian housing starts cooled more than expected in August, while the previous month was also revised slightly lower, data showed on Tuesday, setting the stage for what is widely expected to be a slowing … Continue reading

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U.S. mortgage applications fall to lowest since Dec 2000: MBA

NEW YORK (Reuters) – Applications for U.S. home mortgages fell last week to the lowest since December 2000 as interest rates rose for the first time in four weeks, an industry group said on Wednesday. The Mortgage Bankers Association said … Continue reading

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U.S. mortgage applications rise in latest week: MBA

NEW YORK (Reuters) – Applications for U.S. home mortgages rose last week as both purchase and refinancing applications jumped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes … Continue reading

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U.S. housing, jobs data bolster economic outlook

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales rose to a 10-month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter. … Continue reading

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Average US 30-year mortgage rate at 4.10 pct

WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage fell to 4.10 percent from 4.12 percent … Continue reading

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