Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making homebuying and refinancing the most attractive in decades for those who can get loans.
Freddie Mac says the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56... more »
Mortgage rates fell to a new record low for the fourth time in five weeks. But low rates haven't been enough to lift a struggling housing market.
Freddie Mac says the average rate for 30-year fixed loans this week was 4.56 percent, down from 4.57 last week. That's the... more »
Mortgage rates fell for the second straight week to the lowest point in five decades, but it may not be enough to jump-start the housing market.
Mortgage company Freddie Mac says the average rate for 30-year fixed loans dropped to 4.57 percent. That's down from the previous record of... more »
Record-low mortgage rates appear to be on the way out.
The average rate on a 30-year loan jumped from about 5 percent to more than 5.3 percent in just the past week. Rising rates are good news for people putting their homes on the market this spring. That's because... more »
Sales of new homes plunged to a record low in January, underscoring the formidable challenges facing the housing industry as it tries to recover from the worst slump in decades.
The Commerce Department reported Wednesday that new home sales dropped 11.2 percent last month to a seasonally adjusted annual... more »
A low-pressure system that's brought record low temperatures to Southern California is helping firefighters battle a blaze near the mountain community of Wrightwood. The fire in the San Bernardino Mountains was 75 percent contained Wednesday morning and hadn't grown. Evacuation orders for thousands of people were lifted on Tuesday. The... more »