The Latest Breaking News from Freddie Mac

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."

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

The average long-term U.S. mortgage rate rose this week to just under 7%, the latest setback for would-be homebuyers already facing affordability challenges due to a housing market limited by a shortage of homes for sale

The best way to describe the housing market over the past year: bifurcated.

Recently published data from Freddie Mac suggests that Boise's spring bounce might indeed be a head fake.