Having slipped back below 4 percent three weeks ago, the average rate for a benchmark 30-year mortgage inched down another 3 basis points over the past week to 3.90 percent, which is within 2 basis points of this year’s low (3.88 percent) but remains 45 basis points above the... Read More »

Having ticked up to 4.03 percent two weeks ago, the average rate for a benchmark 30-year mortgage is now back down to 3.92 percent but remains 44 basis points above the 3.48 percent average rate in place at the same time last year and 51 basis points above last... Read More »

The average rate for a benchmark 30-year mortgage ticked up another 7 basis points over the past week to 4.03 percent and is currently running 61 basis points above the 3.42 percent average rate in place at the same time last year and 12 basis points above the average... Read More »

Having held relatively steady since the Fed’s rate hike a few weeks ago, the average rate for a benchmark 30-year mortgage ticked up 8 basis points over the past week to 3.96 percent, which is 55 basis points above the 3.41 percent average rate at the same time last... Read More »

With the probability of the Fed’s rate hike last week already priced in, the average rate for a benchmark 30-year mortgage barely moved over the past seven days, dropping one (1) basis point to an average rate of 3.90 percent and to within one (1) basis point of the... Read More »

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

The average rate for a benchmark 30-year mortgage has dropped to 3.95 percent, the lowest average rate this year and 35 basis points below the 4.30 percent rate in place prior to the Fed’s second rate hike in March. At the same time, the benchmark rate remains 31 basis... Read More »

Having briefly dipped below 4 percent two weeks ago, the average rate for a benchmark 30-year mortgage has inched back up to 4.02 percent. While that’s 41 basis points above the 3.61 percent average rate in place at the same time last year, and 61 basis points above last... Read More »

The average rate for a benchmark 30-year mortgage has dropped below 4 percent for the first time since November, shedding 11 basis points over the past week and 33 basis points since the the Fed’s second rate hike last month. At the same time, the current 30-year average rate... Read More »

Having hit 4.30 percent four 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 to 4.08 percent, shedding 6 basis points over the past two weeks to mark its lowest rate this year. At... Read More »