Finance & Mortgage

U.S. average 30-year-fixed mortgage rates reach two-month high at 4.4 percent

The average 30-year fixed mortgage rates in the United States spiked to reach a two-month high since January at 4.4 percent, Freddie Mac, the government-backed lending giant, announced Thursday.

Bank of America settles FHFA Lawsuit for $9.5 billion

Bank of America announced Wednesday that it has agreed to pay $9.33 billion to the Federal Housing Finance Agency (FHFA) to settle a lawsuit the Fannie Mae-Freddie Mac regulator filed following the housing market crash in 2008.

U.S. mortgage applications fell last week: MBA

Applications for U.S. home mortgages fell last week as interest rates rose to the highest level since January, an industry group said on Wednesday.
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