Thursday, 09 May 2024

Tag: US Mortgage Rates

'Fixed mortgage rates fall but could shoot up in coming weeks

The average fixed mortgage interest rates in the United States fell over the past week, according to figures released Thursday by government-backed mortgage giant Freddie Mac.

'U.S. New Home Sales Post Modest Drop in November but Mapping Steady Growth

In a latest report released by the National Association of Home Builders (NAHB), it was revealed that the sales of newly-built single family homes fell slightly in November. However, experts say that the pace of sales is steady and is a reflection of a strengthening market and economy.

'Fannie Mae and Freddie Mac Raising Mortgage Guarantee Fees

Fannie Mae and Freddie Mac, the two government backed mortgage lending giants have announced that they will be raising loan guarantee fees by an average of 10 points or one-tenth of a percent starting March 2014, according to several news reports. The move comes in an effort to allow private lenders compete in the housing loan market.

EDITOR'S PICKS

'U.S. Existing Home Sales Fell in October on Limited Supply, High Mortgage Rates and Partial Govt. Shut-Down

Sales of existing homes in the U.S. fell 3.2 percent on a month on month basis due to a tight inventory supply, high mortgage rates and the 16-day partial government shutdown, according to a latest report by the National Association of Realtors.

By Rapti Gupta
'U.S. Housing Affordability Declines as Mortgage Rates and Home Prices Spike: NAHB

According to a recent report by the National Association of the Home Builders (NAHB), housing affordability declined across the U.S. in the third quarter of 2013 as home prices soared and interest rates jumped.

By Rapti Gupta
'US Mortgage Rates Drop for the First Time in Five Weeks; Housing recovery Decelerating

Average mortgage rates in the U.S. went down for the first time in five weeks after rising continuously since May. The rates have declined in the wake of a slowing housing recovery, according to several news reports.

By Rapti Gupta