The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective homebuyers facing record-high home prices.
The average rate on a 30-year mortgage dropped this week to a four-month low, a welcome decline in borrowing costs for prospective homebuyers grappling with the challenge of record-high home prices and a dearth of properties on the market.
LOS ANGELES (AP) — The average rate on a 30-year mortgage fell slightly this week, providing modest relief for home shoppers facing record-high home prices. The rate fell to 6.89% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. A year ag...
Mortgage rates have been mostly rising in recent weeks since sliding to a two-year low of 6.08% in late September after the Federal Reserve cut its benchmark interest rate from a two-decade high for the first time in more than four years. While the central bank doesn’t set ...
The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July. The benchmark 30-year fixed rate loan rate rose to 6.93% from 6.91% last week, according to mortgage giant Freddie Mac. It was at 6.66% a year ag...
the deductibles and policy limits you choose and the cost of building materials (to name just a few) are also part of the equation. If you have a loan on your home, your mortgage lender may also get a say in what home insurance coverage is required andwhether or not you need a flood...
LOS ANGELES (AP) — Soaring home prices have pushed up average homeowner equity growth to the highest level in more than a decade, though recent signs of a cooling U.S. housing market point to more moderate gains in the second half of the year. Homes with a mortgage gained an...
In a separate report last week, Aon estimated that total economic and insured losses for the two largest wildfires — the Palisades fire and the Eaton blaze burning just outside Los Angeles — could reach into the lower tens of billions of dollars, likely making them the costliest wildfires in...
Factoring in a mortgage payment, homeowners insurance and property taxes, the typical home priced today would require 35% of someone's annual wages, ATTOM said. Cities with the most unaffordable homes include Los Angeles, Chicago, Phoenix, San Diego and Orange County, California, ATTOM said. ...
“The average family with a home mortgage loan had $194,000 in home equity in the third quarter,” said Dr. Frank Nothaft, chief economist for CoreLogic. “This provides an important buffer to protect families if they experience financial difficulties, and is one reason for the generational-...