Economy News Mortgage Rates Inch Up To Highest Level Since Early May, Even As U S Economy Slows

U.S. mortgage applications surge to highest level in two years as home sales pick up

U.S. mortgage applications to buy a home surged last week to the highest level since early 2023, despite still-elevated borrowing costs. Read More

U.S. Mortgage Applications Leap to 2-Year High as Rates Remain Elevated

Mortgage applications to buy a home in the U.S. reached their highest level since early 2023 as mortgage rates continue to hover near all-time ... Read More

Mortgage rates fall sharply on expectations of a Fed rate cut. Will they keep on dropping from here?

Since mortgage rates are tied closely to the 10-year Treasury note, and hence to the Fed’s rate-cutting agenda, “much of where the mortgage and the housing market is headed depends on the inflation ... Read More

Average long-term US mortgage rate drops to 6.19%, lowest level in more than a year

The average 30-year mortgage rate fell to 6.19% from 6.27% last week. Rates are now at their lowest point since October 2024. A year ago, the average long-term rate was 6.54%. Mortgage rates are ... Read More

Mortgage rates fall for first time in 3 weeks

Mortgage rates fell for the first time in three weeks this week, mortgage buyer Freddie Mac said Thursday. Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the average ... Read More

Mortgage Rates Inch Toward 6% as Fed Weighs October Cut

Mortgage rates fell for the fourth consecutive week, finally nearing 6% for the first time since September 2024. Lenders and analysts have been anticipating that the Federal Reserve will announce ... Read More

Average long-term U.S. mortgage rate dips to 6.17%, its lowest level in more than a year

The average rate on a 30-year U.S. mortgage fell for the fourth week in a row to its lowest level in more than a year. Lower mortgage rates boost homebuyers’ purchasing power. They also benefit ... Read More