Benchmark Mortgage Rate Back Near 7 Percent
Following a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30 year mortgage ticked up another 6 basis points (0.06 percentage points) over…
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Following a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30 year mortgage ticked up another 6 basis points (0.06 percentage points) over…
Having inched up a percent at the end of last month, purchase mortgage application volume in the U.S. dropped 5 percent in the absolute over the past week and 4…
As we first outlined early last month, based on an analysis of the futures market for interest rate products, the expected value of the Fed’s rate cuts was suggesting there…
With the expected value of the Fed’s rate cuts holding at a total of three (3) quarter-point rate cuts in 2024, as we first calculated a few weeks ago and…
As we first calculated a couple weeks ago, “the expected value of the Fed’s rate cuts this year has effectively held firm forecasting a total of three (3) quarter-point rate…
The average rate for a benchmark 30 year mortgage dropped 14 basis points (0.14 percentage points) over the past week to 6.74 percent, which is still 14 basis points higher…
Following a key trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30 year mortgage ticked up another 13 basis points (0.13 percentage points)…
As we outlined last week, prior to a market shock that appears to have caught some by surprise, the expected value of the Fed’s interest rate cuts this year was…
In a move that shouldn’t catch any plugged-in readers by surprise, the probability of a rate cut this quarter, based on movements in the futures market, has dropped to under…
With the probability of a rate cut this quarter having dropped, the average rate for a benchmark 30-year mortgage has inched back up to 6.69 percent. At the same time,…