World News Story: Mortgage Requests Rise as Rates Near 10-Month Low

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WASHINGTON (Reuters) – New U.S. single-family home sales fell to a 10-month low in December after three straight. underlying fundamentals for housing demand, despite the rise in mortgage rates,”.

United States pending home sales rebounded in May as mortgage rates fell Homes under construction are seen through a kitchen window at the KB Home Cottages at Harbor Pointe development in Harbor.

 · Oct 11, 2018 13:25 ET Subscribe to our weekly e-newsletter, Top News. Higher rates will keep home sales, prices in check. The key 30-year mortgage rate broke through the 5 percent threshold earlier this month, faster than most analysts expected.

MCLEAN, Va. – Freddie Mac yesterday released the results of its Primary Mortgage Market Survey, showing that after three weeks of holding fairly steady, average mortgage rates ticked up this week. Sam Khater, Freddie Mac’s chief economist, says, “Mortgage rates moved higher after remaining at around the same level for about three weeks.

"Low mortgage rates have kept first-time homeownership and move-up homes within reach for many Americans, even as home values have soared to new heights," said Zillow Senior Economist Aaron Terrazas. "While mortgage rates remain low by historic standards, they are creeping upward, eating into what buyers can pay, and in a handful of pricey.

Freddie Mac: Mortgage rates remain near 3-year low Aug 15, 2019 via housingwire.com This week, the 30-year, fixed-rate mortgage held steady from one week prior, averaging 3.6%. This rate sits significantly lower than its 2018 average of 4.53%, according to the Freddie Mac Primary Mortgage Market Survey.

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