Finance & Mortgage

US Average Fixed Mortgage Rates Rise after Six Weeks

After six consecutive weeks of decline, the average fixed mortgage rates rose in the first week of June, according to Freddie Mac, the government backed mortgage giant’s weekly survey.

China’s home prices fall in May for the first time in two years

The Chinese real estate balloon could already be deflating as home prices started to decline in May, falling for the first time in two years. However, housing officials of China announced that the decline in prices is “normal” and they are just a “high base effect.”

US Mortgage Rates Decline for Fifth Straight Week

Average mortgage rates in the United States inched down, declining for the fifth straight week, Freddie Mac - the government-backed mortgage giant - announced Thursday.