Mortgages and Rates

1+ day, 9+ hour ago   (530+ words) Mortgage rates marched higher for the seventh week in a row, driving the average long-term U.S. home loan rate to its highest level in nearly three years. The benchmark 30-year fixed-rate mortgage climbed to 7.40% from 7.28% last week, mortgage buyer Freddie Mac…...

1+ day, 13+ hour ago   (217+ words) SAN ANTONIO – Consumers struggling with credit card debt may be able to save money by using a personal loan to lower their interest rate, but financial experts say the move only works if borrowers qualify for favorable terms and compare…...

2+ day, 8+ hour ago   (533+ words) WASHINGTON – Most Federal Reserve officials expect that another interest rate increase will likely be needed this year to combat inflation, according to minutes released Wednesday from the central bank's most recent meeting. The officials unanimously agreed that inflation was still…...

1+ week, 6+ day ago   (632+ words) Homes are under construction on San Antonio’s far West Side. Last year, the metro permitted roughly 15% fewer homes than expected based on its population share. San Antonio might need to hit the books after receiving a barely passing grade for…...

2+ week, 4+ day ago   (574+ words) “I did not see the inflation progress I was hoping to see,” she said. “Geopolitical developments suggest that we could continue to see additional pressures push on the energy side. “There were reasons to see an increased likelihood of some…...

2+ week, 5+ day ago   (545+ words) WASHINGTON – President Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate Wednesday, but the Fed matters less than broader economic trends when it comes to longer-term borrowing costs, economists say. As a…...

2+ week, 6+ day ago   (702+ words) The economy, inflation and how those forces could impact the lives of Americans were front and center over the past week. Trips to the grocery store and gas station are more painful than they were last year, and rising costs…...

3+ week, 19+ hour ago   (99+ words) TOKYO – Japan’s central bank on Friday raised the benchmark interest rate to 1.25% from 1.0%, a 31-year-high. The move Friday, coming at the end of the two-day monetary policy board meeting, was expected, widely figured into recent global markets. The raise by…...

3+ week, 1+ day ago   (611+ words) Mortgage rates climbed for the fourth week in a row, driving the average long-term U.S. home loan rate to just below 7%, its highest level in over 19 months. The benchmark 30-year fixed rate mortgage rate rose to 6.95% from 6.76% last week, mortgage buyer…...

3+ week, 1+ day ago   (323+ words) LONDON – The Bank of England is expected to keep interest rates unchanged Thursday even though inflation in the United Kingdom has risen to a five-month high as the fallout from the Iran war continues to ratchet up fuel prices. Economists…...