The Talk of North Central Illinois

Upcoming Events

Wednesday, Sep 28, 6:30 PM
Thursday, Sep 29, 7:00 PM
Friday, Sep 30, 6:30 PM
Friday, Sep 30, 6:45 PM
Saturday, Oct 1, 2:00 PM

Social Media

Find us on Facebook Follow us on Twitter




US average 30-year mortgage rate declines to 3.48 percentLong-term U.S. mortgage rates edged lower this week. Mortgage giant Freddie Mac said Thursday the average for the 30-year fixed-rate mortgage declined to 3.48 percent from 3.50 percent last week. The benchmark ...


US average 30-year mortgage rate jumps to 3.50 percentLong-term U.S. mortgage rates rose this week, with the benchmark 30-year loan reaching its highest level since June. Rates remain at historically low levels, however. Mortgage giant Freddie Mac said Thursday ...


US average 30-year mortgage rate declines to 3.44 percentLong-term U.S. mortgage rates edged lower this week. As rates remain at historically low levels, homeowners taking advantage of the chance to refinance their mortgages have pushed up refinancing activity. ...


US average 30-year mortgage rate rises to 3.46 percentLong-term U.S. mortgage rates rose this week amid expectations in financial markets that an increase in interest rates by the Federal Reserve may be on the horizon. Mortgage rates remain at historically ...


A sold sign is seen outside a house built by KB Home in Golden, ColoradoThe results, from a poll taken Aug. 15 to 30, are based on optimism about a continued strong job market and spell good news for the U.S. economy given all of the industries tied to housing, from construction to furniture sales. "The tighter U.S. labor market will lead to stronger wage income growth over the coming year. Combined with still-low mortgage rates, income growth will lead to stronger purchase demand," said Andres Carbacho-Burgos, analyst at Moody's Analytics in West Chester, Pa.


A "For Sale" sign is seen outside a home in Cardiff, CaliforniaU.S. home resales fell more than expected in July after four straight months of strong gains, as a lack of inventory limited choice for buyers, but further price rises suggested the housing market remained on solid ground. The slump in sales reported by the National Association of Realtors on Wednesday is likely to be temporary, given that a tightening labor market is steadily pushing up wages and mortgage rates are near historically low levels. Existing home sales declined 3.2 percent to an annual rate of 5.39 million units last month, the NAR said.


US average 30-year mortgage rate rises to 3.46 percentAmericans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, the latest sign that low mortgage rates and a solid job market are helping support the residential real ...


A single family home is shown under construction by Toll Brothers Inc, the largest U.S. luxury homebuilder, in Carlsbad, CaliforniaShares of D.R. Horton Inc , PulteGroup Inc and Lennar Corp rose 2-3 percent. An improving job market as well as mortgage rates that are near historic lows are supporting a bright outlook for the U.S. housing market. D.R. Horton, the largest U.S. homebuilder, reported last month a nearly 10 percent rise in revenue for the April-June quarter, while PulteGroup, the No.3 U.S. homebuilder, reported a 41 percent rise in the same period.


Sold homes are seen in the southwest area of PortlandThe Mortgage Bankers Association said its seasonally adjusted index of mortgage activity for home purchases, a leading indicator of housing sales, fell 4 percent in the week ended Aug. 12. The average rate on "conforming" 30-year home mortgages, or loans with balances of $417,000 or less, dipped to 3.64 percent last week from 3.65 percent, the Washington-based group said. Weekly mortgage activity on home purchases reached an eight-month peak in early June before a decline since even as 30-year mortgage rates hovered near their lowest in over three years.


FILE - This Monday, April 11, 2016, file photo shows a home for sale in Surfside, Fla. On Thursday, Sept. 8, 2016, Freddie Mac reports on the week's average U.S. mortgage rates. (AP Photo/Wilfredo Lee, File)WASHINGTON (AP) — Long-term U.S. mortgage rates edged higher this week, though rates remain at historically low levels.


Homes are seen for sale in the northwest area of PortlandContracts to buy previously owned U.S. homes rose far less than expected in June, another sign that a lack of inventory is crimping activity despite mortgage rates being at near-record lows. The National Association of Realtors said on Wednesday its pending home sales index, based on contracts signed last month, nudged up 0.2 percent to 111.0. The housing market has continued to strengthen amid historically low mortgage rates and almost six years of monthly job gains.


FILE - In this Thursday, Dec. 3, 2015, file photo, a home under construction and for sale is shown in Roswell, Ga. According to information released by Freddie Mac on Thursday, Sept. 1, 2016, long-term U.S. mortgage rates rose during the week amid expectations in financial markets that an increase in interest rates by the Federal Reserve may be on the horizon. Mortgage rates remain at historically low levels, however. (AP Photo/John Bazemore, File)WASHINGTON (AP) — Americans bought new homes in June at the fastest pace in more than eight years, a sign that a solid job market and low mortgage rates are bolstering the U.S. housing market.


Sales of existing homes in the United States rose slightly for the fourth straight month in June"Solid, but hard to see significant further gains until mortgage demand rises," Ian Richardson of Pantheon Macro wrote in a research note. "Sustained job growth as well as this year's descent in mortgage rates is undoubtedly driving the appetite for home purchases," he said.


FILE - In this Wednesday, Feb. 17, 2016, file photo, town homes stand under construction as a pedestrian walks along the BeltLine in Atlanta. On Thursday, July 21, 2016, Freddie Mac reports on the week's average U.S. mortgage rates. (AP Photo/David Goldman, File)WASHINGTON (AP) — Long-term U.S. mortgage rates edged higher this week, remaining near historically low levels as a continued enticement to prospective homebuyers.


Home for sale under contract is seen in Silver Spring, MarylandU.S. home resales unexpectedly rose in June to their fastest pace in more than nine years as low mortgage interest rates drew buyers into the market, a positive sign for the economy. The National Association of Realtors said on Thursday existing home sales increased 1.1 percent to an annual rate of 5.57 million units last month, the highest level since February 2007. U.S. mortgage rates fell in June to their lowest levels since 2013 on bets the Federal Reserve would be cautious about raising short-term rates.


A man walks into the JP Morgan headquarters at Canary Wharf in LondonJust as mortgage bankers were preparing for the end of a historic boom driven by low interest rates, borrowers have begun knocking at their doors again. In earnings reports last week, JPMorgan Chase & Co , Wells Fargo & Co and Citigroup Inc said they originated $94 billion worth of new mortgages during the second quarter in their core mortgage operations, an increase of $23 billion, or 31 percent, over the first quarter. Mortgage rates have dropped to lows not seen since 2013 after the U.S. Federal Reserve dashed expectations for near-term rate hikes.


In this Wednesday, May 18, 2016, photo, a "For Sale" sign stands in front of a house in Walpole, Mass. On Thursday, July 7, 2016, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Steven Senne)WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week to the lowest level since May 2013, driven down by financial tumult in Europe.


Average long-term mortgage rates rose slightly this week but remain at low levels.

A real estate sign advertising a home for sale is pictured in Vienna, VirginiaU.S. home resales rose in May to a more than nine-year high amid low mortgage rates, pointing to sustained housing market strength that should keep the economy on solid ground. The fairly strong existing home sales report on Wednesday added to retail sales and international trade data in painting an upbeat picture of the economy in the second quarter. "The housing market recovery is truly back on track ..., which should reinforce confidence that the economic recovery is moving in the right direction," said Millan Mulraine, deputy chief economist at TD Securities in New York.


Workers install a roof on a multi-family building against the backdrop of the Rocky Mountains in BroomfieldU.S. housing starts slipped in May as the construction of multi-family housing units dropped, but further gains in building permits signaled a rebound that would support economic growth in the second quarter. Building permits rose 0.7 percent to a 1.14-million unit rate in May. "Another month of gains in building permits coupled with near record low mortgage rates provide opportunity for a bounce back," said Bill Banfield, vice president at Quicken Loans in Detroit.


WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week for a second straight week amid continued global economic concerns. The average rates touched their lowest points in 52 weeks.

This Tuesday, May 24, 2016, photo shows a "Sold" sign in front of a house in Andover, Mass. On Thursday, June 9, 2016, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Elise Amendola)WASHINGTON (AP) — Long-term U.S. mortgage rates fell this week after three straight weeks of increases. The drop followed a surprisingly weak employment report that deepened doubts about the economy.


Pending home sales in the US, a forward-looking indicator based on contract signings, increased for three straight months before hitting the wall in MaySteady buying and tight supplies pushed US home prices solidly higher in March, with the gains largest in the West, according to fresh data Tuesday. Twelve-month gains were weakest in New York, Washington and Chicago. "The economy is supporting the price increases with improving labor markets, falling unemployment rates and extremely low mortgage rates," said David Blitzer of S&P Dow Jones Indices.


A house under construction has a sold sign out front in the Candelas development in the northwest Denver suburb of ArvadaAnnualized U.S. single-family home prices rose more than expected in March, a survey showed on Tuesday. "The economy is supporting the price increases with improving labor markets, falling unemployment rates and extremely low mortgage rates," said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices. Home prices in three U.S. cities, Denver, Seattle and Portland, Oregon, showed the highest year-over-year gains, the survey showed.


WASHINGTON (AP) — Long-term U.S. mortgage rates were little changed this week at or near their lows for the year.

FILE - In this Tuesday, Feb. 16, 2016, file photo, signs stand outside new townhouses in Houston. On Thursday, April 28, 2016, Freddie Mac reports on the week's average U.S. mortgage rates. (AP Photo/Pat Sullivan, File)WASHINGTON (AP) — Long-term U.S. mortgage rates rose this week, lifting from their 2016 lows but remaining historically low during the spring home-buying season.


WASHINGTON (AP) — Long-term U.S. mortgage rates stayed near 2016 lows this week, potentially good news for the housing market as the spring home-buying season begins.

Home for sale sign hangs in front of a house in Oakton, on the day the National Association of Realtors issues its Pending Home Sales for February report, in VirginiaU.S. home resales rebounded more than expected in March as supply improved, suggesting the housing market recovery remained intact despite signs that economic growth probably stalled in the first quarter. The sales surge at the start of the spring selling season was a sign of confidence in the economy, and the momentum is expected to be sustained given low mortgage rates, recent stock market gains and a firming labor market, analysts said. It shows confidence," said Chris Rupkey, chief economist at MUFG Union Bank in New York.


FILE - In this Wednesday, Oct. 7, 2015, file photo, a home is for sale in Coral Gables, Fla. Freddie Mac reports on the week’s average U.S. mortgage rates on Thursday, April 14, 2016. (AP Photo/Lynne Sladky, File)WASHINGTON (AP) — Average long-term U.S. mortgage rates edged down this week to their lowest levels of the year, offering a continued incentive for purchasing during the spring home-buying season.


In this Tuesday, Feb. 16, 2016, photo, signs stand outside new townhouses in Houston. On Thursday, March 24, 2016, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Pat Sullivan)WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week after three straight weeks of increases. The decline could be a spur to prospective buyers as the spring home buying season gets started.


In this Tuesday, Feb. 2, 2016, photo, a sold sign sits next to a house under the final stages of construction in Plano, Texas. On Thursday, March 10, 2016, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/LM Otero)WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week for only the second time this year.


Average US rate on 30-year mortgage falls to 3.62 percentWASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week as anxiety over the global economy persisted. Long-term rates resumed their decline after being unchanged last week following six straight weeks of easing.


In this Tuesday, Jan. 26, 2016, photo, a single family home is advertised for sale in Miami. On Thursday, Feb. 4, 2016, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Lynne Sladky)WASHINGTON (AP) — Average long-term U.S. mortgage rates fell for the fifth straight week amid volatility in world financial markets.


Home prices in three cities, Dallas, Denver and Portland, have topped their highs ahead of the 2007-2009 crisis, and San Francisco is now even with its earlier peakUS home price gains picked up in November with the market still supported by cheap credit and tight supplies, according to the S&P/Case-Shiller index released Tuesday. "Home prices extended their gains, supported by continued low mortgage rates, tight supplies and an improving labor market," said David Blitzer, chairman of the index committee at S&P Dow Jones Indices, in a statement.


FILE - In this Oct. 7, 2015, file photo, a home is for sale in Coral Gables, Fla. On Tuesday, Jan. 26, 2016, Standard & Poor's releases the S&P/Case-Shiller index of home prices for November. (AP Photo/Lynne Sladky, File)WASHINGTON (AP) — U.S. home prices increased at a faster clip in November, the gains fueled by solid hiring growth, historically low mortgage rates and a shortage of houses on the market.


Homes are seen for sale in the northwest area of PortlandBy Lucia Mutikani WASHINGTON (Reuters) - U.S. home resales rebounded strongly in December from a 19-month low and prices surged, indicating the housing market recovery remained intact despite signs of a sharp deceleration in economic growth in recent months. The National Association of Realtors said on Friday existing home sales jumped a record 14.7 percent to an annual rate of 5.46 million units, after being temporarily held back by the introduction of new mortgage disclosure rules, which had caused delays in the closing of contracts in November. Sales were also boosted by unseasonably warm weather and buyers rushing into the market in anticipation of higher mortgage rates.


FILE - In this Tuesday, June 9, 2015, file photo, a sold sign is displayed in the yard of a newly constructed home in the Briar Chapel community in Chapel Hill, N.C. On Thursday, Jan. 21, 2016, Freddie Mac reports on the week’s average U.S. mortgage rates. (AP Photo/Gerry Broome, File)WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week for a third straight week as global stock markets continued to be pounded by falling oil prices and worries over economic growth.


FILE - In this Tuesday, June 9, 2015, file photo, a roofer works on a home under construction in the Briar Chapel community in Chapel Hill, N.C. U.S. homebuilders enter 2016 feeling better about their sales prospects than they have in years, thanks to rising home prices and gradually improving sales. Even so, sales and construction have yet to rebound fully from the housing bust nearly a decade ago, according to a panel of economists gathered at a builders’ show in Las Vegas. (AP Photo/Gerry Broome, File)LAS VEGAS (AP) — A robust U.S. economy and job market, plus low mortgage rates, should help keep the recovery in the new-home market going at a modest pace this year, but a return to pre-housing boom sales and construction levels isn't imminent.


FILE - This May 21, 2015, file photo, shows a house for sale in Culver City, Calif. Average long-term U.S. mortgage rates fell this week amid continued turbulence in global stock markets. Mortgage buyer Freddie Mac said Thursday, Jan. 14, 2016, the average rate on a 30-year fixed-rate mortgage dipped to 3.92 percent from 3.97 percent a week earlier. (AP Photo/Nick Ut, File)WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week amid continued turbulence in global stock markets.


Scaffolding is seen at the construction site of a new home in CarlsbadApplications for U.S. loans to refinance and buy homes booked their biggest weekly rise in three months as mortgage rates fell from their highest in over five months, data released from the Mortgage Bankers Association showed on Wednesday. The mortgage industry group said its gauge on overall mortgage application activities rose 21.3 percent to 398.5 in the week ended Jan. 8 on a seasonally adjusted basis from a week earlier. The average interest rate on 30-year fixed-rate mortgages on conforming loans declined to 4.12 percent from the prior week's 4.20 percent, which was the highest since mid-July.


Your Local Station For:

Prescott Ford
Copyright © 2016 WRHL. WRHL. News Talk 1060am. All Rights Reserved.
Site by RiverBender.com