With the unexpected result of the Brexit vote roiling the financial markets, resulting in a flight to quality and driving the yield on the 10-year Treasury down, the average rate for a benchmark 30-year mortgage has dropped to 3.48 percent, the lowest rate in over three years and within... Read More »

Having ticked up to 3.66 percent last week, the average rate for a benchmark 30-year mortgage has dropped to 3.60 percent and is back within 3 basis points of last month’s three-year low, spurred by a weaker than expected employment report. The current 30-year rate is 37 basis points... Read More »

Having dropped to a three-year low of 3.57 percent, the average rate for a benchmark 30-year mortgage has ticked up 7 basis points to 3.64 percent over the past two weeks but remains 33 basis points below the 3.97 percent rate in place prior to the Fed’s first rate... Read More »

The average rate for a benchmark 30-year loan has ticked up for the third week in a row, but the current 3.73 percent rate remains 5 basis lower versus the same time last year and 24 basis points below the 3.97 percent rate in place prior to the Fed’s... Read More »

On the heels of a seven-week slide, the average rate for a benchmark 30-year loan has ticked up for the second week in a row to 3.68 percent but remains within 9 basis points of a near three-year low (and 22 basis points lower than at the same time... Read More »

Mortgage rates have dropped for the sixth week in a row and the average rate for a benchmark 30-year loan has dropped to 3.65 percent, matching its one-year low and within 6 basis points of its lowest rate since 2013 as concern about a global slowdown and market weakness... Read More »

Having slipped below 4 percent four weeks ago, the average rate for the benchmark 30-year mortgage dropped to 3.72 percent over the past week as concern about a global slowdown remains and the resultant flight-to-quality continues to drive the 10-year Treasury yield down to its lowest point in nearly... Read More »

Having slipped below 4 percent two weeks ago, the average rate for the benchmark 30-year mortgage dropped to 3.81 percent over the past week “as concern about a global slowdown grows and the resultant flight-to-quality continues to drive the 10-year Treasury yield down,” as we wrote a week ago... Read More »

Having slipped below 4 percent last week, the average rate for a benchmark 30-year mortgage has dropped another 5 basis points to 3.92 percent as concern about a global slowdown grows and the resultant flight-to-quality continues to drive the 10-year Treasury yield down. And with the markets roiled, the... Read More »

With China’s stock market rout rattling the markets near and far, and a subsequent flight to quality driving the 10-year Treasury yield down, the average rate for a benchmark 30-year mortgage slipped back below 4 percent over the past week. At 3.97 percent, the current 30-year rate is 24... Read More »