Bob Broeksmit News Today

whoa, whoa ♪ >> 28 points. i would like to do the same. >> reporter: that would make her a copy cat. >> she said the same thing when she first laid eyes on patches. >> whoa. >> reporter: jeanne moos, cnn, new york. good morning, everyone. welcome to "cnn this morning." it is saturday, april 29th. im amara walker. >> im victor blackwell. thank you for joining us. i think the sound we heard at the end of the patches story was the grunt that patches makes getting up >> i cantup. >> sh...

Until the Fed begins lowering its short-term rate, long-term mortgage rates are unlikely to ease significantly, economists say.

A reader takes issue with a column by the agency's former director in which she criticized its analysis of the consumer credit card market.

After a strong April, South Carolina homebuyers head into summer with lower mortgage rates and 40 percent more homes to choose from compared to last year.

The rate fell to 6.94% from 7.02% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.57%.

The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties.

Breaking News, Sports, Manitoba, Canada

The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid-April.

The recent pullbacks follow a five-week string of increases that pushed the average rate to its highest level since Nov. 30.

The average rate on a 30-year mortgage dipped this week to just below 7% for the first time since mid April, a modest boost for home shoppers navigating a housing market dampened by rising prices and relatively few available properties.