Mortgage rates for 30-year loans are now at their most expensive level since early May of last year. Most other new purchase loan types increased as well.

The average rate on a 30-year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for home shoppers that threatens to slow sales further this spring homebuying season.

Last year, the average mortgage rate for buyers of new-construction homes was 6.1%, compared with an average of 6.6% for buyers of previously owned homes, according to the Realtor.com® economic research team's New Construction Report released on Thursday.

After notching a 2025 high last month, 30-year mortgage rates continue to bob around in lower territory. Rates dropped for many new purchase loan types Tuesday.

New-home sales continue to be a bright spot in a housing market that’s struggling with high mortgage rates and other economic headwinds.

Experts fear that the move, though it could help the government's budget woes, could disrupt the fragile U.S. mortgage market.

US new home sales rose by nearly 11% in April, as opposed to the 4% decline that economists were expecting and homebuyers showing some resiliency despite elevated mortgage rates. Kristopher Tramont, Real Broker broker associate and owner of the X Team,

A mortgage refinance is when you replace one home loan with another to access a lower interest rate, adjust the loan term or consolidate debt. Refinancing requires homeowners to complete a new ...

The average rate on a standard, 30-year fixed mortgage was 6.86% in the week ending May 22, the highest level since mid-February, according to data released Thursday from Freddie Mac. Growing concern about the national debt impacted home borrowing rates this week.