Mortgage News

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News for: WSB-TV
Showing 1 - 4 of 4 results
Oct 15, 2026 10:24 AM — Mortgage Rates
Average long-term US mortgage rate holds at 7.4%, remaining at highest level in nearly 3 years
WSB-TV
The average 30-year fixed mortgage rate held at 7.40%, its highest level in nearly three years, while the 15-year rate edged down to 6.71%. Recent increases, driven by inflation concerns and elevated Treasury yields, have weighed on home sales and mortgage applications and led more buyers to consider adjustable-rate mortgages. Although the 10-year Treasury yield has eased from its recent peak, inf... more
Oct 9, 2026 12:00 PM — Mortgage Rates
Mortgage rates hit 18% in 1981. Here's how that compares with buying a home today
WSB-TV
The article compares mortgage affordability between 1981 and 2026, noting that while the peak mortgage rate in 1981 was 18.63%, today's average is 7.28%. Despite lower rates today, home prices have outpaced income growth, making it harder for buyers currently. In 1981, the average new home cost about $83,700 (approximately $298,300 today), and buyers spent around 64% of their income on mortgage pa... more
Oct 8, 2026 10:02 AM — Mortgage Rates
Average long-term US mortgage rate at highest level in nearly 3 years after 7th weekly rise in a row
WSB-TV
Mortgage rates in the U.S. have increased for the seventh consecutive week, reaching an average of 7.40%, the highest level in nearly three years. This rise in rates has significantly impacted the housing market, limiting homebuyers’ purchasing power and causing delays in purchasing decisions. The average rate for 15-year fixed mortgages also saw an increase. Factors contributing to the rising rat... more
Aug 23, 2025 1:23 PM — Mortgage Lending
No down payment, no closing costs, 5.5% interest rates; local event making it a reality
WSB-TV
The 'Achieve the Dream' event organized by the Neighborhood Assistance Corporation of America in Clayton County, Georgia, aims to help people with low to moderate household incomes become homeowners by offering a below-market 5.5% mortgage rate with no down payment, closing costs, or mortgage insurance. The program does not consider credit scores, making homeownership more accessible. NACA agents ... more
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