The average long-term U.S. mortgage rate came off its lowest level in three and a half years this week, as bond yields marched higher following a spike in oil prices due to the war with Iran.

Pending sales of US existing homes unexpectedly rose in February for the first time in three months as buyers took advantage of lower mortgage rates and slower price growth.

By Sarupya Ganguly BENGALURU, March 17 (Reuters) - U.S. home prices will rise modestly this year and in 2027 as the market remains constrained by high mortgage rates and a shortage of affordable homes that will persist for years,

The Federal Reserve kept interest rates steady on March 18. Discover the immediate impact on your mortgage, credit cards, auto loans, and savings accounts.

US mortgage rates increased last week by the most since September, a setback for a housing market that had been enjoying easing financing costs this year.