Mortgages

FILE - In this July 21, 2020, file photo, a homeowner tours his new home, in Washingtonville, N.Y. U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reports that the average rate on the 30-year home loan declined to 2.86% from 2.93% last week. (AP Photo/John Minchillo, File)
September 10, 2020 - 11:36 am
WASHINGTON (AP) — U.S. average rates on long-term mortgages fell this week amid signs that the halting economic recovery slowed over the summer. The key 30-year mortgage again marked an all-time low. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan...
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FILE - In this April 30, 2020 file photo, a man writes information in front of Illinois Department of Employment Security in Chicago. It's the paradox of a pandemic that has crushed the U.S. economy: There are 12.9 million job losses and a dangerous rash of closed business, yet the personal finances of many Americans have remained strong, and in some ways have even improved. A new poll by The Associated Press-NORC Center for Public Affairs Research shows that 45% of Americans say they’re setting aside more money than usual. Twenty-six percent are paying down debt faster than they were before the coronavirus pandemic. In total, about half of Americans say they’ve either saved more or paid down debt. (AP Photo/Nam Y. Huh, File)
August 25, 2020 - 10:57 am
WASHINGTON (AP) — It's the paradox of a pandemic that has crushed the U.S. economy: 12.9 million lost jobs and a dangerous rash of businesses closing, yet the personal finances of many Americans have remained strong — and in some ways have even improved. A new poll from The Associated Press-NORC...
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FILE - This Monday, April 27, 2020, file photo shows a sale pending sign on a home in Mount Lebanon, Pa. The coronavirus pandemic helped shape the housing market by influencing everything from the direction of mortgage rates to the inventory of homes on the market to the types of homes in demand and the desired locations. (AP Photo/Gene J. Puskar, File)
August 21, 2020 - 1:34 pm
SILVER SPRING, Md. (AP) — Spurred by ultra-low mortgage rates, home buyers rushed last month to snap up a limited supply of existing houses, causing the pace of purchases to jump by a record-high 24.7%. The July surge in sales reported Friday by the National Association of Realtors marked the...
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FILE - In this Friday, May 22, 2020, file photo, a sold sign sits in front of a house in Brighton, N.Y. The coronavirus pandemic helped shape the housing market by influencing everything from the direction of mortgage rates to the inventory of homes on the market to the types of homes in demand and the desired locations. (AP Photo/Ted Shaffrey, File)
August 14, 2020 - 3:07 am
NEW YORK (AP) — A renter most of his adult life, Clarence Swann became fearful that landlords would use the coronavirus pandemic as an excuse to gouge their tenants. So, with a desire to move near family, the retired veteran bought his first home last month at the age of 74. Swann said he used his...
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August 06, 2020 - 11:29 am
WASHINGTON (AP) — U.S. average rates on long-term mortgages fell this week, pushing the key 30-year loan to a record low for the eighth time this year. Mortgage buyer Freddie Mac reported Thursday that the average rate on the 30-year home loan dropped to 2.88% from 2.99% last week. It was the...
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Sakai Harrison poses for a portrait after leading his clients through a rigorous workout on Wednesday, July 29, 2020, in Atlanta. Harrison moved to New York to try to make it as a personal trainer and designer - but his gym shuttered early in the pandemic, and after weeks of struggling to both pay the rent and put food in his fridge, he knew what he had to do. He moved back to Georgia for greater stability. (AP Photo/Ron Harris)
July 31, 2020 - 6:35 pm
Another month passes. The coronavirus pandemic marches on. And Americans struggling amid the economic fallout once again have to worry as their next rent checks come due Aug. 1. Many left jobless by the crisis are already behind on payments. And the arrival of August brings new anxieties. A...
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FILE - In this April 1, 2020 photo, a "For Sale" sign stands in front of a home that is in the process of being sold in Monroe, Wash., outside of Seattle. Americans stepped up their home purchases in June, clawing back some of the losses after the pandemic had caused sales to crater in the prior three months. (AP Photo/Elaine Thompson, File)
July 22, 2020 - 10:27 am
BALTIMORE (AP) — Americans stepped up their home purchases in June by a robust 20.7% after the pandemic had caused sales to crater in the prior three months. But the housing market could struggle to rebound further in the face of the resurgent viral outbreak and a shrinking supply of homes for sale...
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FILE - In this May 22, 2020 file photo a sold sign stands in front of a house in Brighton, N.Y. Average rates on long-term mortgages continue to fall to new record lows, as the key 30-year loan dropped below 3% for the first time in 50 years. The stagnant economic recovery in the face of the coronavirus pandemic is keeping inflation tamped down despite pent-up homebuying demand. (AP Photo/Ted Shaffrey, File)
July 16, 2020 - 12:45 pm
WASHINGTON (AP) — Average rates on long-term mortgages continue to fall to new record lows, as the key 30-year loan dropped below 3% for the first time in 50 years. The stagnant economic recovery in the face of the coronavirus pandemic is keeping inflation tamped down despite pent-up homebuying...
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July 02, 2020 - 10:30 am
SILVER SPRING, Md. (AP) — Long-term U.S. mortgage rates fell this week with the benchmark 30-year home loan hitting its lowest level ever. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year fixed-rate mortgage fell to 3.07%, down from last week's 3.13%. For the...
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FILE - In this Sept. 3, 2019 file photo a sign rests in front of a newly constructed home, in Westwood, Mass. Long-term U.S. mortgage were unchanged this week as the benchmark 30-year home loan remains at a its lowest rate in nearly 50 years. Mortgage buyer Freddie Mac reported Thursday, June 25, 2020 that the average rate on the key 30-year loan stood at 3.13%. (AP Photo/Steven Senne, File)
June 25, 2020 - 3:22 pm
NEW YORK (AP) — Long-term U.S. mortgage were unchanged this week as the benchmark 30-year home loan remains at its lowest rate in nearly 50 years. Mortgage buyer Freddie Mac reported Thursday that the average rate on the key 30-year loan stood at 3.13%, the same as last week. It is the lowest level...
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