Archive for February, 2015

Average US rate on 30-year mortgage rises to 3.80 percent

WASHINGTON Average long-term U.S. mortgage rates have edged up for a third straight week while remaining near their historically low levels reached in May 2013.

US existing-home sales slowed in January

US existing-home sales slowed to their lowest pace in nine months in December, despite very low mortgage interest rates, the National Association of Realtors said Monday. "January housing data can be volatile because of seasonal influences," said Lawrence Yun, NAR's chief economist.

Average US rate on 30-year mortgage rises to 3.76 percent

WASHINGTON Average long-term U.S. mortgage rates have risen for a second straight week yet remained near historically low levels.

Rates at US Treasury bill auction decline with 3-month rates dipping to lowest since October

WASHINGTON – Interest rates on short-term Treasury bills fell in Tuesday's auction, with rates on three-month bills falling to the lowest level since mid-October.

Capesize rates seen to fall further

Rio Tinto, BHP Billiton and Fortescue Metals Group all chartered ships this week but freight rates only nudged up around 35 cents a tonne due to the large overhang in tonnage, according to Reuters chartering data. The Baltic Exchange's main sea freight index closed down at 553 on Wednesday, against 569 last Wednesday.

Average US rate on 30-year mortgage rises to 3.69 percent

WASHINGTON Average long-term U.S. mortgage rates rose this week yet remained near historically low levels.

Average rate on 30-year mortgage falls to 3.66 pct.

WASHINGTON Average long-term U.S. mortgage rates fell for the third straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, dipped below 3 percent for the first time since then.

Don't wait! Rates are falling, time to refinance

Now's the time to refinance. More than 7.4 million homeowners stand to benefit from slipping mortgage rates.

Average US rate on 30-year mortgage falls to 3.59 pct.

WASHINGTON Average long-term U.S. mortgage rates fell this week, resuming their downward trend of this year after rising slightly last week. Rates are near historically low levels.

Interest rate cut

The Reserve Bank's decision to cut interest rates to their lowest ever has sent ripples across the economy. We look at who will benefit from the change, and who might feel the pain in their hip pocket.