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mortgage rates

Two big homebuilders missed Wall Street estimates on a key metric — here’s why

Housing demand has been hard to forecast even as mortgage rates have declined. Just take a look at homebuilders' quarterly results so far this...

China’s big banks to cut existing mortgage rates Oct 25

BEIJING (Reuters) - Four of China's biggest state-owned banks announced cuts on Saturday to existing mortgage rates starting on Oct. 25, as the authorities...

Monthly mortgage payments surged by over £350 in past five years

The average monthly mortgage repayment has reached £931, some £350 more than just five years ago, leaving homeowners under the pressure of rising costs.Figures...

US 30-year mortgage rises to 6.32%, biggest weekly gain since April, Freddie Mac says

(Reuters) - The average rate on the popular U.S. 30-year mortgage rate increased to 6.32% this week, its largest one week increase since April,...

Mortgage rates spike in biggest one-week jump since April

Mortgage rates rose sharply last week, a new challenge for beleaguered house hunters and potential refinancing candidates.The average rate on a 30-year fixed-rate loan...

Mortgage refinancings fall as average rates move higher

Fewer homeowners are refinancing their mortgages, and purchase activity is essentially flat after mortgage rates rose sharply last week.Applications to refinance a mortgage fell...

When it comes to mortgage rates, this may be as good as it gets for a while

Mortgage rates may remain stuck in a narrow range around current levels and won't drop sharply anytime soon.Ahead of the Federal Reserve's rate cut,...

Long awaited turnarounds coming for Home Depot, Lowe’s after Fed’s rate cut

The light at the end of the tunnel is coming for the home improvement sector.A soft housing market has weighed on retailers like Lowe's...

Most Asia shares hold ground, Japan rate fears dent Nikkei

By Wayne ColeSYDNEY (Reuters) - Asia share markets were mostly firmer on Monday as China announced more stimulus measures, though the Nikkei dived on...

China tells banks to start cutting rates on existing mortgages

BEIJING (Reuters) - The People's Bank of China (PBOC) told commercial banks on Sunday to start lowering interest rates on all existing housing loans,...

US 30-year fixed-rate mortgage dips to 6.08%, lowest since Sept 2022

WASHINGTON (Reuters) - U.S. mortgage rates edged down to a two-year low this week, which could provide a further boost to refinancing activity, though...

Analysis-Chinese banks in need of capital injection to give thrust to economic stimulus steps

By Xie Yu and Sumeet ChatterjeeHONG KONG (Reuters) - As China steps up efforts to stabilise its economy with fresh stimulus, the country's top...

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