US long-term mortgage rates increase sharply
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Long-term mortgage rates in the United States increased sharply this week, mortgage wholesaler Freddie Mac reported Thursday in its weekly nationwide survey.
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The price of money has gone up. Or more technically, long-term interest rates have jumped in recent weeks, rattling the already slumping housing market. When potential home buyers call for mortgage rate quotes these days, "they're shocked; they almost don't believe you," said Jim Foley, senior vi...
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U.S. mortgage applications rose last week, with both new purchases and refinancings driven up by the lowest long-term home loan rates since early December, an industry trade group said on Wednesday.
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Applications for home mortgages jumped  for a third consecutive week as plunging interest rates  encouraged more homeowners to seek refinancings, an industry  group said on Wednesday.
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Interest rates on U.S. 30-year and  15-year mortgages edged higher this week amid signs the economy  is improving, stoking inflation concerns, mortgage finance  company Freddie Mac said on Thursday.
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Mortgage rates rose about one-tenth of a point this week, Freddie Mac said Thursday. The 30-year fixed-rate mortgage (FRM) averaged 5.82 percent this week, with an average 0.6 points, up from last week when it averaged 5.72 percent.
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Sales of existing U.S. homes rose unexpectedly to a record high in November and prices surged as low mortgage rates fueled home-buying, a trade association report showed on Wednesday.
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Mortgage rates inched up this week, but remained well below the year-high levels set in the spring. Freddie Mac, in its weekly survey released Thursday, reported that rates on 30-year, fixed-rate mortgages
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Thirty-year fixed-rate mortgages averaged 5.76 percent for the week ending November 11th, up from 5.70 percent last week. Mortgage rates are still low by historical standards, however, even with the increase.
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WASHINGTON - Rates on 30-year mortgages rose for a second straight week, a sharp rebound after hitting a four-month low.
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The percentage of mortgages entering foreclosure rose to a record level during the three months that ended June 30, according to a survey released today.
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The number of people paying their mortgages late â or not paying them at all â increased up in recent months, a trend that is expected to continue well into next year.
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U.S. mortgage applications rose  sharply last week, fueled by a surge in home refinancing loans  as interest rates sunk to their lowest levels in more than a  year, an industry trade group said on Wednesday.
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Applications for home mortgages jumped  to their highest level in nearly four years as low interest  rates led more homeowners to seek refinancing, according to  data from an industry group on Wednesday.
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Mortgage rates extended their climb for the fifth straight week, skyrocketing to highs not seen in nearly a year, according to a weekly survey released by finance company Freddie Mac  on Thursday.
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New applications for US home loans rose last week to their highest level in four months even though mortgage rates ticked upward from their recent lows, an industry group said on Wednesday.
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U.S. mortgage lending data show   sharp growth in the use of higher-priced "non-prime" mortgages   for home purchases in 2005 over 2004, and even steeper gains in   the incidence of such loans among blacks and Hispanics, a   Federal Reserve study showed on Friday.