Average U.S. 30-year mortgage rate down to 4.32%

WASHINGTON – Sept. 27, 2013 – Average U.S. rates on fixed mortgages fell this week to their lowest point in two months. The decline follows the Federal Reserve’s decision last week to hold off slowing its monthly bond purchases. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan dropped to […]

FHA cuts mortgage wait times after hard times

WASHINGTON – Aug. 19, 2013 – The Federal Housing Administration (FHA) is making it easier for once-struggling homeowners to qualify for a mortgage backed by the agency. For borrowers who meet certain requirements, the FHA is trimming to one year the amount of time that homebuyers must wait after a bankruptcy, foreclosure or short sale […]

Average rate on 30-year U.S. mortgage stays at 4.4%

WASHINGTON – Aug. 16, 2013 – Average rates on U.S. long-term fixed mortgages remained steady for a second straight week, giving prospective homebuyers more time to lock in historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan remained unchanged at 4.4 percent this week. That is a […]

Average rate on 30-year loan falls to 4.31%

WASHINGTON (AP) – July 26, 2013 – Average rates on U.S. fixed mortgages fell for the second straight week, a welcome sign for homebuyers hoping to lock in lower rates that had spiked earlier this month. Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan fell to 4.31 percent. That’s down […]

Experts: Say so long to mortgage rates in the 3’s for now

NEW YORK – July 9, 2013 – The era of the 30-year home mortgage rate in the 3’s suddenly appears to be over. In less than a month, the popular loan option for financing a home purchase has surged by more than a full percentage point. The increase was capped by an eye-catching, quarter-point increase […]

Is the 10% down mortgage making a comeback?

NEW YORK – June 21, 2013 – The 10 percent downpayment may be back. Reportedly, some lenders are offering 90 percent financing once again on all loan types. RPM Mortgage, based in San Francisco, resumed its “piggyback” loans in the first quarter of this year. The company had put its piggyback loans on hiatus in […]

Existing-Home Sales Rise in May with Strong Price Increases

Media Contact: Walter Molony / 202-383-1177 / Email WASHINGTON (June 20, 2013) – Existing-home sales improved in May and remain solidly above a year ago, while the median price continued to rise by double-digit rates from a year earlier, according to the National Association of Realtors®. Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, […]

U.S. rate on 30-year mortgage rises to 3.98%

WASHINGTON – June 14, 2013 — Fixed U.S. mortgage rates rose for the sixth straight week, putting the average rate on the 30-year loan just shy of 4 percent. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan increased to 3.98 percent. That’s up from 3.91 percent last week and the […]

Banks loosen standards on downpayments

NEW YORK – June 13, 2013 – Banks are relaxing downpayment requirements, a sign that the housing market is strengthening. A new LendingTree report reveals that U.S. homebuyers in May put down an average 16.1 percent on a home backed by a 30-year fixed mortgage. That is down from 17.6 percent two years ago, according […]