myEarthLink
News

Weather  

 

The Weather Channel
Mostly Cloudy
77° F
New York, NY
Mostly Cloudy
Hi: 83° / Lo: 62°

Sports   edit

nhl - Scoreboard [hide]

Saturday, April 21, 2018
New Jersey Devils (44-29-9) at
Final
No Games Scheduled
Saturday, October 6, 2018
Preview

nba - Scoreboard [hide]

Tuesday, April 24, 2018
Final
No Games Scheduled
No Games Scheduled

nfl - Scoreboard [hide]

No Games Scheduled
No Games Scheduled
No Games Scheduled

mlb - Scoreboard [hide]

Sunday, June 24, 2018
New York Yankees (50-25) at
Final
Monday, June 25, 2018
New York Yankees (50-25) at
Preview
Tuesday, June 26, 2018
New York Yankees (50-25) at
Preview

Market Update  

- By Andrea Riquier For the year to date, sales are 8.8% higher than the same period in 2017 The numbers: New-home sales ran at a seasonally adjusted annual 689,000 rate in May. That beat t...
More

MarketWatch

 
Sign In to get personalized news, weather and more at myEarthLink.
 

Printable View

US long-term mortgage rates jump; 30-year at 4.62 percent
This May 25, 2018, photo shows a home for sale in Rutherford, N.J. On Thursday, June 7, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo - Ted Shaffrey)
From Associated Press
June 14, 2018 9:39 AM EST

WASHINGTON (AP) — Long-term U.S. mortgage rates jumped this week after two straight weeks of declines, reaching their second-highest level this year.

Long-term loan rates have been running at their highest levels in seven years. And the Federal Reserve on Wednesday raised its benchmark interest rate for the second time this year and signaled that it may step up its pace of rate increases.

Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages was 4.62 percent, up from 4.54 percent last week. By contrast, the 30-year rate averaged 3.91 percent a year ago.

The average rate on 15-year, fixed-rate loans increased to 4.07 percent from 4.01 percent last week.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.