Articles Recently Tagged: Rate Hike

(125 posts)
Benchmark Mortgage Rate Drops to 4.14%

Benchmark Mortgage Rate Drops to 4.14%

Having ticked up to 4.30 percent two weeks ago with the probability of the Fed’s second rate hike already priced-in, the average rate for a benchmark 30-year mortgage has since dropped 16 basis points to 4.14 percent. That’s still 43 basis points above the 3.71 percent average rate in... Read More »

The Fed Institutes a Rate Hike, Signals Two More This Year

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target by 0.25 percent (25 basis points) and signaling expectations for another two quarter-point increases by the end of the year. The Fed dropped the benchmark rate 5 percentage points between August of 2007... Read More »

Mortgage Rates Return to 2017 Highs, Odds of a Rate Hike Rockets

Mortgage Rates Return to 2017 Highs, Odds of a Rate Hike Rockets

The average rate for a benchmark 30-year mortgage ticked up 5 basis points over the past two weeks, an 11 point jump over the past seven days, and is back to a calendar year high of 4.21 percent, according to Freddie Mac’s Primary Mortgage Market Survey. Having jumped 67... Read More »

Mortgage Rates Hold, Probability of a Hike in May

Mortgage Rates Hold, Probability of a Hike in May

Having jumped 62 basis points over the past four months to 4.16 percent today, which is 54 basis points above the 3.62 rate in place at the same time last year, the average rate for a benchmark 30-year mortgage has been holding within a narrow 4 basis point range... Read More »

Mortgage Rates Move up along with the Odds of a June Hike

Mortgage Rates Move up along with the Odds of a June Hike

Ending a three-week slide, the average rate for a benchmark 30-year mortgage ticked up 10 basis points over the past week to 4.19 percent and is now running 40 basis points above the 3.79 rate in place at the same time last year but remains 11 basis points below... Read More »

Mortgage Rates Slip, Odds of a Hike in June

Mortgage Rates Slip, Odds of a Hike in June

The average rate for a benchmark 30-year mortgage has slipped 8 basis points over the past week to 4.12 percent. While the average remains 20 basis points above the 3.92 rate in place at the same time last year, it has dropped 18 basis points from the 4.30 percent... Read More »

Benchmark Mortgage Rate Dips but Begins the Year above 4 Percent

Benchmark Mortgage Rate Dips but Begins the Year above 4 Percent

Having hit a 32-month high at the end of 2016, the average rate for a benchmark 30-year mortgage slipped 12 basis points over the past week to start the year at 4.20 percent, which is the first time the average 30-year rate has been above 4 percent at the... Read More »

Benchmark Mortgage Rate Hits a 32-Month High

Benchmark Mortgage Rate Hits a 32-Month High

As we foreshadowed within a basis point, the average rate for a benchmark 30-year mortgage jumped another 14 basis points over the past week to 4.30 percent, the highest average rate since April 2014 and 34 basis points above the 3.96 percent rate in place at the same time... Read More »

Mortgage Rates Tick Up to a 26-Month High, Poised to Move Higher

Mortgage Rates Tick Up to a 26-Month High, Poised to Move Higher

Measured prior to yesterday’s rate hike, the average rate for a benchmark 30-year mortgage ticked up another 3 basis points over the past week to 4.16 percent, the highest average rate since the fourth quarter of 2014 and 19 basis points higher than the 3.97 percent rate in place... Read More »

The Fed Institutes a Rate Hike, Signals Three More in 2017

As predicted, the Federal Reserve has just raised interest rates for the first time since December of last year, upping the target federal funds target rate by 0.25 percent (25 basis points) and signaling expectations for another three quarter-point increases by the end of 2017. The Fed dropped the... Read More »