Mortgages

This Tuesday, Oct. 17, 2017, photo shows a home for sale in Fort Washington, Pa. On Thursday, Oct. 26, 2017, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Matt Rourke)
October 26, 2017 - 10:57 am
WASHINGTON (AP) — The costs of borrowing to buy a home increased slightly this week, but U.S. mortgage rates are still near relative lows. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages rose to 3.94 percent from 3.88 percent last week. At this time...
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FILE - In this Wednesday, April 20, 2016, file photo, real estate agent Lauren Newman, right, prepares to show a home for sale in Mount Pleasant, S.C., just over the bridge from historic Charleston. On Thursday, Oct. 12, 2017, Freddie Mac reports on the week's average U.S. mortgage rates. (AP Photo/Chuck Burton, File)
October 12, 2017 - 10:58 am
WASHINGTON (AP) — Long-term mortgage rates rose for a second straight week as the average 30-year fixed mortgage rate increased to 3.91 percent, from 3.85 percent a week ago. Mortgage buyer Freddie Mac says the 15-year home loan, frequently used by homeowners who refinanced their mortgages, also...
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October 04, 2017 - 9:28 am
SAN FRANCISCO (AP) — Wells Fargo says it will refund customers that paid mortgage rate lock extension fees that were requested from Sept. 16, 2013 through Feb. 28, 2017, as it looks to win back their trust following a scandal over its sales practices. Wells Fargo & Co. said that approximately $...
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October 03, 2017 - 12:36 pm
WASHINGTON (AP) — Homeowners would be forced to choose between two popular tax deductions for local property taxes or mortgage interest under a potential compromise that House Republicans are considering as they craft the evolving tax revamp. The nearly $6 trillion tax overhaul plan being pushed by...
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September 18, 2017 - 6:51 pm
WASHINGTON (AP) — Republicans straining to find about $1 trillion to finance sweeping tax cuts are homing in on two popular deductions that are woven into the nation's fiscal fabric — the mortgage interest deduction that millions of homeowners prize and the deduction for state and local taxes...
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FILE - In this March 6, 2017, file photo, a mortgage rate graph is displayed on a computer in North Andover, Mass. On Thursday, Aug. 31, 2017, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Elise Amendola, File)
August 31, 2017 - 1:53 pm
WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week. It was the fifth straight weekly decline for the benchmark 30-year rate, which again reached a new low for the year. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages fell to 3.82 percent from 3.86...
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FILE - This Monday, July 10, 2017, file photo shows a house for sale, in North Andover, Mass. On Tuesday, Aug. 29, 2017, the Standard & Poor's/Case-Shiller 20-city home price index for June is released. (AP Photo/Elise Amendola, File)
August 29, 2017 - 9:15 am
WASHINGTON (AP) — U.S. home prices climbed higher in June with gains that are eclipsing income growth — creating affordability pressures for would-be buyers. The Standard & Poor's CoreLogic Case-Shiller 20-city home price index rose 5.7 percent in June, according to a Tuesday report. The...
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FILE - This Monday, July 10, 2017, file photo shows a house for sale, in North Andover, Mass. On Thursday, Aug. 24, 2017, Freddie Mac releases weekly mortgage rates. (AP Photo/Elise Amendola, File)
August 24, 2017 - 12:40 pm
WASHINGTON (AP) — The benchmark 30-year mortgage rate is at new low for the year, touching its lowest level since last November. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate mortgages fell to 3.86 percent from 3.89 percent last week. It was the fourth straight weekly...
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FILE - This Tuesday, Jan. 26, 2016, file photo shows an existing home for sale in Valrico, Fla. On Thursday, Aug. 24, 2017, the National Association of Realtors reports on sales of existing homes in July. (AP Photo/Chris O'Meara, File)
August 24, 2017 - 10:44 am
WASHINGTON (AP) — Americans retreated from buying homes in July as sales sank to their lowest level of the year. The National Association of Realtors said Thursday that sales of existing homes fell 1.3 percent to a seasonally adjusted annual rate of 5.44 million. Despite the second straight monthly...
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August 17, 2017 - 10:34 am
WASHINGTON (AP) — Long-term U.S. mortgage rates edged lower this week. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages slipped to 3.89 percent from 3.90 percent last week. While historically low, that's still above last year's average of 3.65 percent. The benchmark rate...
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