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Articles filed under Mortgages

Average long-term mortgage rate falls a fourth straight week

By MATT OTT
Feb 2, 2023 1:36 PM - The average long-term U.S. mortgage rate declined for the fourth week in a row, a sign of relative stability that could potentially open the door for some prospective homebuyers to get back in the market.
Average long-term US mortgage rates inch up to 6.48%

By MATT OTT
Jan 5, 2023 1:39 PM - The average long-term U.S. mortgage rate rose for the second straight week following six weeks of declines that had given prospective homebuyers a glimmer of hope.
US average long-term mortgage rates back under 7%, for now

By MATT OTT
Nov 3, 2022 9:08 AM - The average long-term U.S. mortgage rate dipped back under 7% this week, one day after the Federal Reserve raised its benchmark borrowing rate to its highest level in 15 years as it tries to squelch four-decade high inflation
US mortgage rates top 7% for the first time in 2 decades

By MATT OTT and ALEX VEIGA
Oct 27, 2022 3:02 PM - Average long-term U.S. mortgage rates topped 7% for the first time in more than two decades this week, a result of the Federal Reserve's aggressive rate hikes intended to tame inflation not seen in some 40 years
Illinois COVID-related mortgage assistance program to reopen Nov. 1

By Jerry Nowicki
Oct 20, 2022 11:55 AM - The Illinois Homeowner Assistance Fund, run through the Illinois Housing Development Authority, provides up to $30,000 in assistance to homeowners through payments made directly to mortgage servicers, taxing bodies or other approved entities.
Mortgage rates hit 6%, first time since 2008 housing crash

By MATT OTT
Sep 15, 2022 4:22 PM - Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market
Average long-term US mortgage rates bounce back up to 5.51%

By MATT OTT
Jul 14, 2022 9:18 AM - Average long-term U.S. mortgage rates were back up this week, just as the latest government data shows inflation has not slowed, meaning the Federal Reserve is almost certain to raise its benchmark borrowing rate again
Naperville mortgage team wins Shining Business Award

Apr 13, 2022 3:13 PM - The Naperville Area Chamber of Commerce this month honored Team Doyle Hulsey Cross Country Mortgage with the Shining Business Award at its annual gala.
The secret bias hidden in mortgage-approval algorithms

By EMMANUEL MARTINEZ and LAUREN KIRCHNER/The Markup
Aug 25, 2021 7:00 AM - An investigation by The Markup has found that lenders in 2019 were more likely to deny home loans to people of color than to white people with similar financial characteristics
US average mortgage rates mixed; 30-year loan rises to 2.80%

The Associated Press
Jul 29, 2021 2:04 PM - Mortgage rates were mixed last week

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