U.S. Housing market chills as mortgage rates, prices scare buyers
Posted: Jul 22nd, 2022In: ConstructionNewsNEW YORK (AP) – It’s the summer that cooled off the housing market. Rising mortgage rates have combined with already high home prices to discourage would-be buyers. Mortgage applications have declined sharply. Sales of previously[...]
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Long term US mortgage rates hit 3.92%, highest since 2019
Posted: Feb 17th, 2022In: ConstructionNewsWASHINGTON (AP) – Average long-term U.S. mortgage rates jumped again last week, approaching levels not seen since 2019. The average rate on a 30-year loan rose last week to 3.92% from 3.69% the previous week,[...]
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