The Latest Breaking News from Freddie Mac

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 average rate on the benchmark 30-year home loan fell slightly this week, ending a seven-week climb —- modest relief for prospective homebuyers grappling with an increasingly unaffordable housing market

"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."

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.

The housing market in the United States is battling its biggest affordability crisis in almost 40 years.

Mortgage buyer Freddie Mac said the average rate on the benchmark 30-year home loan rose to 7.09% — a year ago, the rate averaged 5.13%.

The average long-term U.S. mortgage rate jumped this week to its highest level in 20 years, grim news for would-be homebuyers already facing high home prices caused a lack of supply