In July the U.S. Census Bureau announced that the homeownership rate in this country had hit its lowest level since the government began measuring the stat in 1965. Then candidate Donald Trump jumped on the news with a tweet suggesting the figure proved his most consistent message: the economy is failing you. View image on Twitter   ✔@realDonaldTrump American homeownership rate in Q2 2016 was 62.9% – lowest rate in 51yrs. WE will bring back the ‘American Dream!’ 6:35 AM – 30 Jul 2016 In a nation in which homeownership is largely seen as synonymous with the American dream, it’s easy to see why a change candidate would highlight the record low rate. But at the time economists urged Americans–and candidates–to look beyond the[…]

For the first time in almost a year, mortgage rates are above 4%. While still low by historic standards — the annual average rate on a 30-year mortgage in 1981 was 16.63%, according to Freddie Mac — most observers expect rates to keep climbing in 2017. The increase, which is likely to be slow and steady for most of the year, will be driven by fiscal stimulus resulting from President Donald Trump’s policies, higher official rates as the Federal Reserve boosts the cost of borrowing in the face of faster economic growth, and rising bond market yields, experts say. Market rates spiked after Trump won the election, surprising many observers and forcing a rethink of expectations for the economy and markets.[…]

WASHINGTON (AP) — Long-term U.S. mortgage rates were unchanged to lower this week, as the benchmark 30-year rate reached a new low for the year. Mortgage buyer Freddie Mac said Thursday the 30-year fixed-rate mortgage averaged 3.88 percent, down from 3.90 percent last week. The rate stood at 3.48 percent a year ago and averaged a record low 3.65 percent in 2016. The 15-year, fixed-rate home loan, popular with homeowners seeking to refinance their mortgages, was unchanged last week at 3.17 percent. Mortgage rates have remained low even though the Federal Reserve has been raising short-term interest rates. The Fed has increased its key rate by a quarter-point three times since December, most recently this month, to a range of[…]