Tag: Mortgages
US home sales fell in June to slowest pace since December amid rising mortgage rates, home prices
LOS ANGELES -- The nation's housing slump deepened in June as sales of previously occupied homes slowed to their slowest pace since December,...
China's central bank cuts interest rates, moving to put more pep into the economy
BANGKOK -- China’s central bank has cut both its five-year loan prime rate and its one-year rate, moving to revive its ailing property...
Average rate on a 30-year mortgage drops to 6.77%, lowest level since March
The average rate on a 30-year mortgage dropped this week to a four-month low, a welcome decline in borrowing costs for prospective homebuyers...
U.S. homes find fewer foreign buyers as rising costs, strong dollar leave market in record slump
LOS ANGELES -- Sales of U.S. homes to Chinese, Canadian and other foreign buyers have fallen to the lowest level in more than...
Average rate on 30-year mortgage climbs for 1st time since late May to just under 7%
LOS ANGELES -- The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the...
Market for newly built homes slows as elevated mortgage rates put off many home shoppers
LOS ANGELES -- Homebuilders who bucked the worst of last year’s housing slump may be seeing their luck run out.After showing signs of...