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Average long-term U.S. mortgage rate climbs to 7.09%, highest level in...

The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, pushing up borrowing costs for homebuyers...

Average long-term U.S. mortgage rate climbs to 6.79% this week, highest...

LOS ANGELES (AP) – The average long-term U.S. mortgage rate climbed this week to its highest level since November, driving up borrowing costs for...

Average long-term U.S., mortgage rate falls to lowest level in 5...

LOS ANGELES (AP) – The average rate on a long-term U.S. home loan is down to the lowest level in five weeks, welcome news for...

Average 30-year mortgage rate dips as spring season opens 

The average long-term U.S. mortgage rate dipped for the fourth straight week, a good sign for potential home buyers and a real estate market...

U.S. home sales surged in February as mortgage rates dipped

LOS ANGELES (AP) – Sales of previously occupied U.S. homes surged in February to the fastest pace in six months as homebuyers seized on...
IMPROVED FORMULA? Joseph Baptista, president of Anchor Financial Mortgage Inc. in Pawtucket, says the Federal Housing Finance Agency’s plan to change the way risk-based fees are applied to home loans seems logical.
PBN PHOTO/­MICHAEL SALERNO

Changes in mortgage fee structure may shake up industry

Charging higher fees to a borrower who makes less money and has more debt has historically been the best way for mortgage lenders to...

Average long-term mortgage rate at lowest level in 4 months

The average long-term U.S. mortgage rate fell to its lowest level in more than four months, giving some relief to homebuyers faced with higher...

Report: 6-figure salary needed to afford home in Providence and Warwick

PROVIDENCE – A six-figure salary is needed to afford a home in the city and Warwick, according to a study by HSH.com. The mortgage resource...

U.S. consumers gaining confidence as gas prices keep falling

WASHINGTON (AP) – U.S. consumers grew more confident for the second month in a row as gas prices continued to fall. The Conference Board said...
LIMITED EFFECT: Stephen Tetzner, vice president of Homestar Mortgage Inc. in Providence, says increased limits on conforming home loans, which feature lowered interest rates and more flexible credit score requirements, will do little to help the high-end market. / PBN PHOTO/MICHAEL SALERNO

Higher conforming loan limits will have varied impact on R.I. housing...

Rhode Island homebuyers are already taking advantage of increased limits on mortgages insured by the Federal Housing Administration and those acquired by Fannie Mae...
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