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Michael J. Highfield

The Fed can do very little about high mortgage rates

The 30-year mortgage rate has been stuck at recent highs well above 6%, and pricey mortgages have been weighing on the housing market more...

Average U.S. long-term mortgage rate eases to 6.3%, its second weekly...

The average long-term U.S. mortgage rate declined again this week, easing borrowing costs for prospective homebuyers during what is typically the housing market’s busiest...

Average U.S. long-term mortgage rate climbs to highest level in nearly...

The average long-term U.S. mortgage rate climbed for the fifth straight week, reaching its highest level in nearly seven months, another setback for home...

Average U.S. long-term mortgage rate falls to 6.23%, ending a 3-week...

The average rate on a 30-year U.S. mortgage ended a three-week streak of increases, reflecting a pullback in long-term U.S. Treasury bond yields. The average...

Average long-term U.S. mortgage rate slips to 6.27%, nearing a low...

The average rate on a 30-year U.S. mortgage declined again this week, easing to just above its lowest level this year. The average long-term mortgage...

Average rate on a U.S. 30-year mortgage eases to 6.81%

The average rate on a 30-year mortgage in the U.S. eased this week, though it remains close to its highest level in more than...

Average U.S. rate on a 30-year mortgage dips to 6.65% after...

The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what is traditionally the...

Average rate on a 30-year mortgage in the U.S. rises for...

The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July.  The...

Federal Reserve cuts key interest rate by a quarter-point

WASHINGTON (AP) – The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation...

Average long-term U.S. mortgage rate edged higher this week, remains in...

LOS ANGELES (AP) – The average long-term U.S. mortgage rate edged higher this week, reflecting a recent uptick in the 10-year Treasury yield. The average...
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