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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.


File photograph of a woman walking past an estate agent in Chelsea, LondonBy David Milliken LONDON (Reuters) - They have pocketed some of the most lucrative returns available to investors in recent decades and been a staple of newspapers' personal finance pages, but tougher times now lie ahead for Britain's army of small-time landlords. Overall, there are nearly 2 million private landlords in Britain, owning almost 20 percent of homes. Chancellor of the Exchequer George Osborne is squeezing more tax from buy-to-let (BTL) investments, partly to help fund incentives for new homeowners, while the Bank is seeking powers to limit the size of BTL mortgages in order to reduce risky lending.


File photograph shows people walking past estate agent signs outside a row of houses in south LondonBy David Milliken LONDON (Reuters) - They have pocketed some of the most lucrative returns available to investors in recent decades and been a staple of newspapers' personal finance pages, but tougher times now lie ahead for Britain's army of small-time landlords. Overall, there are nearly 2 million private landlords in Britain, owning almost 20 percent of homes. Chancellor George Osborne is squeezing more tax from buy-to-let (BTL) investments, partly to help fund incentives for new homeowners, while the Bank of England is seeking powers to limit the size of BTL mortgages in order to reduce risky lending.


WASHINGTON (AP) — Average long-term U.S. mortgage rates were mixed this week, with the key 30-year rate slipping back under the 4 percent mark.
WASHINGTON (AP) — Steady job growth, low mortgage rates and tight inventories helped fuel rising U.S. home prices in October.

Existing-home sales jumped 14.7 percent to an annual rate of 5.46 million units in December from 4.76 million in November"Generally good economic conditions continue to support gains in home prices," said David Blitzer, head of the Index Committee at S&P Dow Jones Indices, in a statement. Blitzer said that the Federal Reserve's decision two weeks ago to begin raising interest rates was not expected to push up historically low mortgage rates quickly.


WASHINGTON (AP) — Average long-term U.S. mortgage rates edged higher this week following three straight weeks of declines, amid expectations that the Federal Reserve will raise its key short-term interest rate next week.

Average US rate on 30-year mortgages slips to 3.93 percentWASHINGTON (AP) — Average long-term U.S. mortgage rates edged lower this week for a third straight week.


File photo of a home for sale sign in front of a house in Oakton VirginiaThe S&P/Case Shiller composite index of 20 metropolitan areas gained 5.5 percent in September on a year-over-year basis compared with 5.1 percent in the year to August. With unemployment at 5 percent and hints of higher inflation in the CPI, most analysts expect the Federal Reserve to raise its fed funds target range to 25 to 50 basis points, the first increase since 2006," said David M. Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices. "While this will make news, it is not likely to push mortgage rates far above the recent level of 4 percent on 30 year conventional loans.


(Reuters) - Austin Kiplinger, a journalist who took over the financial publishing firm founded by his father and helped create the first magazine devoted to personal finance for U.S. families, has died at age 97, his company said in a statement on Saturday. Austin Kiplinger's father, W.M. Kiplinger, in 1920 founded Kiplinger Washington Editors Inc, which today produces the magazine Kiplinger Personal Finance, the business forecast publication The Kiplinger Letter and the Kiplinger Tax Letter.

FILE - In this Jan. 8, 2015 file photo, a sign with a sold sticker is posted in front of a row of new town homes in Richmond, Va. Average long-term U.S. mortgage rates rose sharply this week of Nov. 5, 2015, amid growing expectations that the Federal Reserve may soon raise its key short-term interest rate. (AP Photo/Steve Helber)WASHINGTON (AP) — Average long-term U.S. mortgage rates rose sharply this week amid growing expectations that the Federal Reserve may soon raise its key short-term interest rate.


(Reuters) - The Federal Reserve expects to raise U.S. interest rates only gradually in part to protect the housing market and avoid a "sharp" rise in mortgage rates, Fed Chair Janet Yellen said on Wednesday.

FILE - In a March 21, 2014, photo, a home is for sale in Shaker Heights, Ohio. Freddie Mac reports on average U.S. mortgage rates on Thursday, Oct. 29, 2015. (AP Photo/Tony Dejak, File)WASHINGTON (AP) — Average long-term U.S. mortgage rates were slightly lower to unchanged this week amid expectations that the Federal Reserve isn't ready yet to raise its key short-term interest rate.


FILE - In this Saturday, Aug. 15, 2015, file photo, a for-sale sign is posted in front of a home in Miami. Freddie Mac reports on average U.S. mortgage rates Thursday, Oct. 22, 2015. (AP Photo/Lynne Sladky, File)WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week, marking a 13th straight week below 4 percent and offering an enticement for potential homebuyers.


The drop in contract signings for previously owned homes, the majority of the US housing market, surprised analysts, who forecast a modest 0.6 percent rise insteadThe US housing market, a bright spot in the economy, showed resilient growth in September as existing-home sales rebounded even as tight supply and rising home prices curb demand. Sales of previously owned homes jumped 4.7 percent to an annual rate of 5.55 million units with gains seen in all four major regions of the country, the National Association of Realtors (NAR) said Thursday. Lawrence Yun, NAR chief economist, highlighted incentives such as a slight moderation in home prices in some markets and mortgage rates holding near historic lows below four percent.


A woman walks past the Bank of Canada office in OttawaLower mortgage rates are contributing to strong growth in household borrowing, particularly in Ontario and British Columbia, but the housing market and debt levels should stabilize as the economy gains strength, the Bank of Canada said on Wednesday. As part of its Monetary Policy Report, the central bank reiterated that housing market activity across regions is characterized by a "trifurcation", with the commodity-sensitive provinces weakening, the west coast and Ontario maintaining its strength, and activity in the rest of the country soft. The lower cost of debt is also supporting other forms of consumer credit growth and spending, with consumption resilient despite the hit to incomes from lower commodity prices, the bank said.


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An advertisement for two-family homes is seen outside an oceanside community in the Rockaway area of the Queens borough of New YorkHome buyers returned from summer vacations to lower mortgage rates and increasing rents, and may have moved back into the market after staying away in August. The NAHB (National Association of Homebuilders) housing market index measuring seller sentiment is due out Monday, to be followed during the week by data that includes building permits and housing starts, mortgages, and home prices and sales. Strength in June and July housing data may have boosted investor expectations to unrealistic levels for August, typically a slower month for housing, according to Susan Maklari, housing equities analyst at UBS in New York.


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