Citing an ongoing public health crisis (i.e., the pandemic) that “will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term,” the Federal has just reaffirmed its commitment to maintaining a low-rate environment, “until... Read More »

The average rate for a benchmark 30-year mortgage dropped 16 basis points over the past week to a new all-time low of 3.29 percent, according to Freddie Mac’s latest Mortgage Market Survey data and which shouldn’t have caught any plugged-in readers by surprise. At the same time, the average... Read More »

The average rate for a benchmark 30-year mortgage has dropped back down to the 3-year low of 3.45 percent it hit three weeks ago, which is within 14 basis points (0.14 percentage points) of the all-time low it hit in November of 2012 and 90 basis points below its... Read More »

Having dropped to a 3-year low two weeks ago, the average rate for a 30-year mortgage has since inched up 4 basis points to 3.49 percent but remains 86 basis points (0.86 percentage points) below its mark at the same time last year and within 0.18 percentage points of... Read More »

Having dropped another 6 basis points over the past week, the average rate for a 30-year mortgage is now down to 3.45 percent, which is 96 basis points (0.96 percentage points) below its mark at the same time last year and the lowest average rate since the fourth quarter... Read More »

The average rate for a 30-year mortgage dropped another 9 basis points over the past week to 3.51 percent, which is 95 basis points (0.95 percentage points) below its mark at the same time last year, the lowest average rate in five months, and within 11 basis points of... Read More »

The average rate for a 30-year mortgage has inched down another 4 basis points over the past two weeks to 3.60 percent, which is 85 basis points (0.85 percentage points) below its mark at the same time last year, a 15-week low and within 20 basis points of a... Read More »

Having started the year down, the average rate for a 30-year mortgage dropped another 8 basis points over the past week to 3.64 percent, which is now 81 basis points (0.81 percentage points) below its mark at the same time last year, a 13-week low and within 24 basis... Read More »

Having held relatively firm over the past three weeks, the average rate for a 30-year mortgage is starting the New Year at 3.73 percent, down 79 basis points (0.79 percentage points) on a year-over-year basis and within 32 basis points of a three/six-year low, according to Freddie Mac’s latest... Read More »

The average rate for a 30-year mortgage inched up 5 basis points over the past week to 3.73 percent but remains 90 basis points (0.90 percentage points) below its mark at the same time last year and within 32 basis points of a three/six-year low, according to Freddie Mac’s... Read More »