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Latest Blog Posts

Long-Term Mortgage Rates Hover Below 3%

This week’s average 2.93% rate for a 30-year mortgage is only slightly higher than last week’s 2.91%. But the 15-year FRM declined to 2.42% from 2.46%.U.S. average rates on long-term

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FHA Mortgage Delinquencies Reach a Record

By Prashant GopalThe share of late FHA loans rose to almost 16% in 2Q, up from 9.7% the previous quarter – the highest level since at least 1979. For conventional loans, the rate is 6.7%.NEW

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New Home Sales Surge 13.9% - Far More Than Thought

By Matt OttThe increase in July follows strong numbers in May and June. But while experts predicted another increase, the level of that increase surpassed most expectations.SILVER SPRING, Md. (AP)

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