The Latest Breaking News from Freddie Mac

Mortgage rates saw their most significant one-week drop since last November.

The average rate on the benchmark 30-year home loan fell for the second week in a row, positive news for prospective homebuyers after rates touched a 22-year high just last month

The rise of mortgage rates reflects the rise of Treasury yields, which have reacted to signs of economic strength.

The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook for many would-be homebuyers

"Longer-term, higher mortgage rates are likely to be a drag on home sales as costs put buying out of reach, causing many households to delay plans to move."

Soaring mortgage rates and low inventories have pinched sales, but that hasn't depressed prices.

Mortgage rates are high this year, but you can still find an affordable loan with these tips.

Despite indications of the U.S. economy potentially navigating toward a sought-after soft landing, lingering threats of credit rating downgrades could persevere the market uncertainty moving forward. Against this backdrop, investing in appropriate bond exchange-traded funds (ETFs), such as Vanguard Total Bond Market Index Fund (BND), First Trust Low Duration Opportunities…

Latest mortgage rates data shows a tough landscape for prospective homebuyers – and sellers.