Mortgage Rates Approach 3% Threshold, Freddie Mac Says
Mortgage rates ticked higher this week while remaining below the 3% threshold as bond investors worried about rising Covid-19 infections, Freddie Mac said.
April 29, 2021 1 MIN
Mortgage rates ticked higher this week while remaining below the 3% threshold as bond investors worried about rising Covid-19 infections, Freddie Mac said.
Veterans and service members can again use their VA benefits to fund their fixer-upper projects....
Sales of new houses jumped in March to the highest level in more than 14 years as construction crews raced to meet a surge in demand.
Mortgage rates are falling as bond investors worry about a resurgence of the Covid-19 pandemic that would delay an economic resurgence.
U.S. housing starts soared to 15-year high last month, according to a government report, signaling relief for supply-constrained market
Pittsburgh leads a list of cities where renters, even those with lower incomes, have the best chance to become homeowners.
The rate dropped almost a tenth of a percentage point as bond investors worried about a jump in Covid-19 infections.
The average U.S. FICO score rose to 710 in 2020 from 703 in 2019 while late payments and credit utilization dropped as Americans hunkered down during the Covid-19 pandemic.
The IMF upgraded its economic growth forecast, saying the U.S. will lead developed nations with a 6.4% surge in GDP this year, faster than the 6% global pace.
The average U.S. rate for a 30-year fixed mortgage fell to 3.13% this week, the first drop since early January, Freddie Mac said in a report on Thursday.
