Home Mortgage

A glance at US mortgage rates: down for 5th straight week

Long-term U.S. mortgage rates fell for the fifth consecutive week, tipping the key 30-year loan average below 4% for the first time in nearly a year and a half This week Last week Year ago 30-year fixed 3.99 4.06 4.56 15-year fixed 3.46 3.51 4.06 5-year adjustable 3.60 3.68 3.80

US pending home sales fell 1.5% in April

Fewer Americans signed contracts on homes in April compared with the prior month, potentially signaling that rising prices have outweighed recent declines in mortgage rates.