Mortgage Rates


The Latest

(iStock)

Jumbos now cost more than traditional mortgages

Interest rates on so-called jumbo mortgages are above the historically low rates for smaller traditional mortgages for the first...

Jumbos now cost more than traditional mortgages
According to the report, purchase applications are down while refinancing is up (iStock)

Applications for mortgages to buy homes drop

Homebuyers took some time off last week as homeowners got busy. An index tracking the volume of mortgage applications...

Applications for mortgages to buy homes drop
The 30-year fixed-rate mortgage averaged 3.07 percent for the week ending July 2 (iStock)

Mortgage rates hit all-time low

The downward slide in mortgage rates produced a new milestone this week, according to Freddie Mac’s latest primary mortgage market survey. The 30-year fixed-rate mortgage averaged 3.07 percent for the week ending July 2,...

Mortgage rates hit all-time low
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