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mortgage rates

Hampton Roads housing market remains competitive
Sep 29, 2025

Hampton Roads housing market remains competitive

Hampton Roads home prices hit a $375K median in June as low inventory drives demand, with new builds expanding in Suffolk and New Kent.

30-year U.S. mortgage rate edges up to 6.3%
Sep 25, 2025

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
Sep 18, 2025

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.

US housing market shifts toward buyers as prices cool
Sep 8, 2025

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.

Average rate on a 30-year mortgage drops to lowest level since April
Sep 4, 2025

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.

US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly
Aug 21, 2025

US home sales rose in July as mortgage rates eased a bit and home prices grew more slowly

Sales of previously occupied U.S. homes rose in July as homebuyers were encouraged by a modest pullback in mortgage rates, slowing home price growth and the most properties on the market in over five years. Existing home sales rose 2% last month from June to a seasonally adjusted annual rate of 4.01 million units, the […]

Average rate on a 30-year mortgage drops to lowest level since April
Aug 21, 2025

30-year mortgage rate steady at 10-month low

The average rate on a 30-year U.S. mortgage held steady this week at its lowest level in nearly 10 months, an encouraging sign for prospective homebuyers who have been held back by stubbornly high home financing costs. The long-term rate was unchanged from last week at 6.58%, mortgage buyer Freddie Mac said Thursday. A year […]

FILE - For Sale sign is displayed in Skokie, Ili., July 24, 2025. (AP Photo/Nam Y. Huh, File)
Aug 13, 2025

Homeowners turn to cash-out refinancing to take advantage of big gains in home equity

U.S. homeowners are cashing in on record equity, pulling an average $94K via cash-out refis despite high mortgage rates.

Average rate on a 30-year mortgage drops to lowest level since April
Aug 7, 2025

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 […]

Compass sues Zillow over off-market listings ban
Jul 28, 2025

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 […]

Investors snap up 27% of U.S. homes as buyers retreat
Jul 23, 2025

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 […]

Investors snap up 27% of U.S. homes as buyers retreat
Jul 8, 2025

Investors snap up 27% of U.S. homes as buyers retreat

LOS ANGELES (AP) — Real estate investors are snapping up a bigger share of U.S. homes on the market as rising prices and stubbornly high borrowing costs freeze out many other would-be homebuyers. Nearly 27% of all homes sold in the first three months of the year were bought by investors — the highest share […]

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