With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. It may even convince some Americans to buy their first home.
Real Estate - Buy a Home
The latest news and analysis of the real estate market with stories on maintaining a house along with a locator map to find pricing on the perfect place to live.
Banks will get a break in easier rules for packaging and selling mortgage securities and fewer borrowers will have to make hefty down payments under actions taken by federal regulators.
A sudden plunge in mortgage rates last week raised an urgent question for millions of Americans: Should I refinance my mortgage?
Construction firms broke ground on more apartment complexes in September, pushing up the pace of U.S. homebuilding.
Average U.S. mortgage rates tumbled this week. The 30-year loan hit its lowest level since June 2013 as Treasury bond yields marked new lows amid concern over global economic weakness.
Just as the U.S. job market has finally strengthened, the Federal Reserve now confronts a new worry: A sputtering global economy that's spooked investors across the world.
In less than three weeks, a big change is nearly certain for investors. Few will be surprised, but some will be nervous.
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