Average U.S. rates on fixed mortgages edged up slightly this week, remaining near historically low levels.
Rates aren't the driving factor for home sales. At least that's what the correlation between rate moves and mortgage applications suggests.
The number of Americans who signed contracts to buy homes shot up in May, though the pace of buying this year remains slower than in 2013.
Average U.S. rates on fixed mortgages declined this week, hovering near historically low levels, according to a survey by mortgage-buyer Freddie Mac.
U.S. single-family home prices rose less than expected in April, according to the closely watched S&P/Case-Shiller index.
Sales of previously owned homes in May posted the best monthly gain in nearly three years, providing hope that housing is beginning to regain momentum.
Average U.S. rates on fixed mortgages eased slightly this week, remaining near historic lows.
Americans increasingly prefer to live near the centers of cities, but fewer can now afford newly built homes in the walkable neighborhoods they desire.
Bank of America and the government have reached an impasse in negotiating a multibillion-dollar settlement related to the bank's mortgage investments.
When interest rates rise dramatically again (and they will), expect to see the out-of-vogue practice of mortgage assumption make a comeback.
Average U.S. rates on fixed mortgages rose slightly this week, reversing a five-week downward trend.
Applications for U.S. home mortgages declined last week as both refinancing and purchase applications decreased, the Mortgage Bankers Association says.
Contracts to buy previously owned homes rose modestly in April, a sign that the U.S. housing market is stabilizing despite higher interest rates.
Applications for U.S. home mortgages fell last week as both purchase and refinancing applications declined, an industry group says.
Sales of new single-family homes rose more than expected in April and the stock of houses on the market hit a 3½ year high.
U.S. home resales rose in April and the supply of properties on the market increased, suggesting the housing market was regaining its footing.
Mortgage servicers are agreeing to ease terms of borrowers' underwater loans, but some are demanding that homeowners promise not to insult them publicly.
The delinquency rate on home mortgages in the United States fell in the first three months of the year to its lowest level in six years, a report shows.