Mortgage rates for 30-year loans are now at their most expensive level since early May of last year. Most other new purchase loan types increased as well.

Last year, the average mortgage rate for buyers of new-construction homes was 6.1%, compared with an average of 6.6% for buyers of previously owned homes, according to the Realtor.com® economic research team's New Construction Report released on Thursday.

The average rate on a 30-year mortgage in the U.S. climbed this week to its highest level since mid-February, a setback for home shoppers that threatens to slow sales further this spring homebuying season.

New-home sales continue to be a bright spot in a housing market that’s struggling with high mortgage rates and other economic headwinds.

After notching a 2025 high last month, 30-year mortgage rates continue to bob around in lower territory. Rates dropped for many new purchase loan types Tuesday.

Experts fear that the move, though it could help the government's budget woes, could disrupt the fragile U.S. mortgage market.

US new home sales rose by nearly 11% in April, as opposed to the 4% decline that economists were expecting and homebuyers showing some resiliency despite elevated mortgage rates. Kristopher Tramont, Real Broker broker associate and owner of the X Team,

Several benchmark refinance rates have decreased. If your mortgage rate is 1% higher than today's rate, a refinance might be worth it.

Also, when you discuss the mortgage rate lock with your lender, ask if it will prioritize the application for a new home mortgage purchase over a refinance. If so, make sure you get a lock period ...

The average rate on a standard, 30-year fixed mortgage was 6.86% in the week ending May 22, the highest level since mid-February, according to data released Thursday from Freddie Mac. Growing concern about the national debt impacted home borrowing rates this week.