Sign In
Free Newsletter
30-year mortgage rate rises to 6.34% after recent lows
WASHINGTON (AP) — The average rate on a 30-year U.S. mortgage ticked up for the second straight week following a string of declines that had brought down home borrowing costs to their lowest level in nearly a year. The average long-term mortgage rate rose this week to 6.34% from 6.3% last week, mortgage buyer Freddie […]
Federal job cuts ripple through Northern Virginia
Trump’s federal job cuts are hitting Northern Virginia hard, with layoffs, stalled contracts, rising unemployment and a softening housing market.
30-year U.S. mortgage rate edges up to 6.3%
The average 30-year U.S. mortgage rate rose to 6.3%, ending a four-week decline, according to Freddie Mac.
US mortgage rates fall as Fed cuts interest rates
U.S. mortgage rates fell for a third week, with 30-year loans at 6.26%, as the Fed cut rates and signaled more reductions ahead in 2025.
Aug. housing inventory, prices rise across Virginia regions
Housing inventory and sold prices rose last month in Northern Virginia, Hampton Roads and Central Virginia, but home sales declined in Hampton Roads.
Average rate on a 30-year mortgage falls to lowest level in nearly a year
The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly a year, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week. The long-term rate eased to 6.35% from 6.5% last week, mortgage buyer Freddie Mac said Thursday. A year ago, […]
US housing market shifts toward buyers as prices cool
The U.S. housing market is cooling, with more listings, slower price growth, and seller concessions—though affordability remains limited.
US 30-year mortgage rate dips to 6.5% amid housing slump
The average 30-year mortgage rate fell to 6.5%, down from 6.56% last week. Lower rates may boost buyer power but housing sales remain weak.
Days houses spend on market increases across Virginia
Houses are spending longer on the market than during the same period last year in Northern Virginia, Hampton Roads and Central Virginia. However, median sales prices in all three regions have increased over 2024. Northern Virginia The Northern Virginia Association of Realtors reports that 1,612 units were sold in July — a 1.6% decrease over […]
Average rate on a 30-year mortgage drops to lowest level since April
The average rate on a 30-year U.S. mortgage has fallen to its lowest level in four months, welcome news for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate fell to 6.63% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged […]
30-year mortgage rate dips slightly to 6.74%
The average rate on a 30-year U.S. mortgage eased this week, offering little relief for prospective homebuyers facing record-high home prices. The long-term rate slipped to 6.74% from 6.75% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.78%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home […]
US home sales fall in June as prices soar to new heights
LOS ANGELES (AP) — Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as mortgage rates remained elevated and national median sales prices hit unprecedented levels. Existing home sales fell 2.7% last month from May to a seasonally adjusted annual rate of 3.93 million units, the National Association of Realtors […]
