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White House 50-year mortgage plan sparks debate
The White House is weighing a 50-year mortgage to ease housing costs, but critics say it could raise total interest and worsen the nation’s supply shortage.
US mortgage rates rise to 6.22% after steady declines
After four weeks of declines, the average 30-year U.S. mortgage rate rose to 6.22%, according to Freddie Mac, as bond yields and inflation weigh on rates.
30-year mortgage rate edges higher after 4-week slide
The average 30-year mortgage rate rose to 6.3%, ending a four-week decline. Borrowing costs remain near 11-month lows, offering refinancing options.
Mortgage rates fall to lowest level since October
U.S. 30-year mortgage rates fell to 6.58%, the lowest since October, sparking a jump in refinancing and offering buyers more purchasing power.
US mortgage rate climbs to 6.72% after five-week decline
The average 30-year US mortgage rate rose to 6.72%, ending a five-week slide as borrowing costs edge higher and the housing market faces continued headwinds.
US mortgage rate drops to 6.67%, lowest since April
The average 30-year US mortgage rate fell to 6.67%, its lowest since April, boosting hope for homebuyers facing high prices and sluggish housing sales.
Average US rate on a 30-year mortgage falls to 6.62%
The average rate on a 30-year mortgage in the U.S. declined for the third week in a row, another positive move for prospective homebuyers during what’s traditionally the housing market’s busy season.
