Wednesday, April 7, 2010 as of 11:14 AM ET
Mortgage rates stayed near all-time lows this week, as the housing market showed signs of life and sent potential homebuyers a message: If you want to buy low, it doesn't get any better than this.
The benchmark 30-year fixed-rate mortgage was 3.97%, unchanged from last week, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.41 discount and origination points. One year ago, the mortgage index was 4.75%; four weeks ago, it was 4.09%.The benchmark 15-year fixed-rate mortgage fell to 3.19% from 3.2% the previous week, and the benchmark 5/1 adjustable-rate mortgage rose to 3.02% from 3%.Low mortgage rates are not the primary reason homebuyers decide to buy. But low rates make homeownership more affordable, and they certainly are helping many first-time homebuyers, says David Kuiper, a mortgage planner at First Place Bank in Holland, Mich."They are finally getting the message that rates are at all-time lows," Kuiper s...
FBN’s Nicole Petallides with the stocks moving the markets.
Sales of newly built homes in the U.S. increased in April, another sign that the long-struggling housing sector is finding its footing.New single-family home sales m...
New U.S. single-family home sales rose more than expected in April and prices pushed higher, further evidence the housing market was turning the corner.The Commerce ...
Sales of new U.S. houses rose 3.3% to an annual rate of 343,000 in April, the Commerce Department said Wednesday. Economists surveyed by MarketWatch expected new hom...
Figures for new home sales in April will be released at 8:30 a.m. Eastern by the U.S. Commerce Department. The sale of new homes is expected to rise to 335,000 last ...
Treasury prices rose on Wednesday, pushing yields down and erasing some of the prior session's move, as markets lose hope that European Union officials meeting later...
FBN’s Sandra Smith on traders’ views of the Facebook IPO.
Fiserv chief economist David Stiff weighs in on the state of the housing market.
FBN's Diane Macedo breaks down afternoon market news.
Chandon Economics president Sam Chandon weighs in on the state of the housing market.
The U.S. housing market showed additional signs of strengthening in April as sales of previously owned homes rebounded and median prices increased.Existing-home sale...
FBN's Adam Shapiro breaks down late-morning market news.
Macy's goes online in China
FBN's Cheryl Casone breaks down mid-afternoon market news.
Florida CFO Jeff Atwater weighs in on the condition of the state's housing market.
FBN's Diane Macedo breaks down late-morning market news.
Sales of newly built homes in the U.S. grew faster than expected in April and home prices posted a solid gain the prior month, adding to the increasing momentum for ...
U.S. home prices rose in March and in the first quarter of the year, according to a government index released Wednesday, highlighting a trend of gradual stabilizatio...
U.S. home prices rose in March and in the first quarter of the year, according to a government index released Wednesday, highlighting a trend of gradual stabilizatio...
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