Market News
Current Mortgage Rates Hold at 2.87%
Mortgage rates stayed put this week. The average rate for a 30-year fixed-rate mortgage remains at 2.87% for the second week in a row, according to Freddie Mac's survey. After nearly 18-months of dramatic moves, the 30-year rate has stuck...
New Home Sales Rebound Despite Prices Hitting Record High
The numbers: Sales of new homes in the U.S. rebounded in July after three consecutive months of declines. New-home sales increased 1% to an annual rate of 708,000, the government said Tuesday. The figure equates to how many homes would ...
Home Sales Rise as the Limited Number of Properties on the Market Improves
The numbers: Existing-home sales edged higher as the inventory of homes for sale grew, giving buyers some more breathing room in a tough market. Existing-home sales rose 2% to a seasonally-adjusted, annual rate of 5.99 million in July, t...