Mortgages

30-year mortgage rate falls below 6% for first time since 2022

A rate with a five at the front will ease affordability slightly and may get some buyers off the fence

The US resale market also finished the year strong, offering hope the real estate market was starting to stir after years of malaise.

US mortgage rates reach lowest since 2022, spurs refinancing

The contract rate on a 30-year mortgage dropped 8 basis points to 6.09% in the week ended Feb 20

The average for 30-year, fixed loans was 6.11 per cent, up marginally from 6.1 per cent last week.

US mortgage rates nudge higher, reaching 6.11% for 30-year loans

[WASHINGTON] Mortgage rates in the US rose for a third week, adding slightly to housing costs with the key spring sales season ahead.

The Mortgage Bankers Association's index of mortgage applications for home purchases eased 0.4% in the week ended Jan 23, from a three-year high.

US mortgage rates rises for first time in four weeks

The contract rate on a 30-year mortgage: up 8 basis points at 6.2% in the week ended Jan 23

An upward climb might temper the optimism industry experts had as rates came close to hitting 6%.

US mortgage rates inch up from a three-year low, reaching 6.09%

High borrowing costs have held back buyers and sellers for years

Mortgage-backed securities have notched big gains this year of 0.45 per cent till last Thursday (Jan 15), outpacing most other forms of debt in the US.

Gains in mortgage-backed securities are another reason to buy company debt

Demand for corporate bonds could get a boost from a surprising source in the coming months: investors taking profits on US mortgage bond holdings who need another asset to buy instead. 

Homes now are actually more affordable than they have been since 2020, once income growth is factored in, data from Compass show.

US mortgages at 6% pose critical test for frozen housing market

Loan costs are a key target of US President Donald Trump’s proposals to make housing more affordable

US housing affordability has been under a persistent strain, with high mortgage rates and elevated home prices keeping many buyers on the sidelines.

Housing-linked stocks rally on Trump’s US$200 billion mortgage bond-buy order

Investors have been closely watching policy moves, market shifts or interest rates for signs of a housing-market recovery

Fannie Mae and Freddie Mac have added billions of US dollars of mortgage-backed securities and home loans to their balance sheets in recent months.

Trump directs US$200 billion mortgage bond buy in housing push

The president’s advisers have repeatedly raised alarms that affordability has become a political albatross for the GOP

The number of mortgage approvals fell to 64,530 in November, down from 65,010 the month before.

UK mortgage approvals fall to five-month low ahead of budget

[LONDON] UK demand for home loans dipped to the lowest level in five months, as aspiring buyers sat on the sidelines in the run-up to Labour’s tax-raising budget.