The average new 30-year fixed-rate mortgage cost 6.93% this week, Freddie Mac said Thursday. That is the most expensive since July. Mortgage rates have been stuck firmly above 6% since late 2022, ...

The uptick in the cost of home loans reflects a rise in the bond yields that lenders use as a guide to price mortgages, ...

Rates on 30-year fixed rate loans rose to 6.93% from 6.91% last week. Rates on 15-year mortgages ticked up to 6.14%.

The pound is trading at $1.22 this morning – a level last seen in November 2023. Elsewhere in the Money blog, Edinburgh is ...

Borrowing costs have been rising for months, tracking yields on government bonds. The move threatens to push more buyers and sellers to the sidelines.

Mortgage rates rose for a fourth straight week. The average interest rate for 30-year loans was 6.93%, up from 6.91% last week, Freddie Mac said in a statement Thursday. The 15-year rate, popular with ...

As mortgage rates are expected to remain higher for longer, Ally Financial ALLY will be exiting the mortgage origination ...