MCLEAN, Va. (AP) — The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly 10 months, giving prospective homebuyers a sorely needed boost in purchasing power that could help inject life into a stagnant housing market. The long-term rate fell to 6.58% from 6.63% last week, mortgage buyer…
Trump rings the opening bell on the trading floor of the New York Stock Exchange (NYSE) on December 12, 2024 after being named TIME’s “Person of the Year.” Spencer Platt/Getty Images The Trump administration is teeing up what could be the biggest shakeup in U.S. housing finance since the 2008 crisis—a pair of IPOs that…
Mortgage rates have been stagnant this week. According to Freddie Mac, the 30-year fixed mortgage rate dropped by one basis point to 6.78%, and the 15-year fixed mortgage rate is down one basis point to 5.99%. A couple of months ago, many expected mortgage interest rates to fall throughout the end of 2024 and all…
US stocks (^DJI,^GSPC, ^IXIC) are under pressure after initial jobless claims data ticked higher. Oil prices (CL=F, BZ=F) are climbing once again as Wall Street reacts to President Biden’s remarks that revealed discussions taking place about Israel striking Iran’s oil facilities. This comes after Prime Minister Benjamin Netanyahu vowed to retaliate against Iran’s missile attack…