VA Pauses Foreclosures for 6 Months The Department of Veterans Affairs has called a moratorium on foreclosures for veterans and servicemembers with VA-guaranteed loans until May 31, 2024. So reports NPR.

Estimated reading time: 0 minutes, 22 seconds

Mortgage Rates Edge Lower for First Time in Seven Weeks

U.S. long-term mortgage rates have paused their nearly two-month climb but remain unaffordably lofty for many homebuyers. So reports the Associated Press.

arrow 306811 640 smallAccording to Freddie Mac, the 30-year fixed-rate mortgage averaged 7.76% as of November, down slightly from 7.79% the previous week and well above their 6.95% level a year earlier.

The modest week-over-week decline came as the Federal Reserve kept its key interest rate steady, driving down bond yields.

Read the full article from Associated Press.

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