CFAH

Articles Recently Tagged: 30-Year Mortgage

(261 posts)
30-Year Rate Inches Down, 5-Year ARMs Hit a 12-Year High

30-Year Rate Inches Down, 5-Year ARMs Hit a 12-Year High

Having hit 5.30 percent two weeks ago, representing a 670-week high, the average rate for a conforming 30-year mortgage has since ticked down 20 basis points (0.2 percentage points) to 5.10 percent. That being said, the current 30-year rate is still 215 basis points or over 70 percent higher... Read More »

Purchase Mortgage Activity in the U.S. Down over 10 Percent

Having ticked up 2 percent last week, mortgage loan application volume across the U.S. has since dropped 11 percent on both an absolute and seasonally adjusted basis, according to data from the Mortgage Bankers Association, with a 12 percent drop in applications to purchase a home. As such, purchase... Read More »

Mortgage Rates Inch Up, 30-Year Rate Hits a 670-Week High

Mortgage Rates Inch Up, 30-Year Rate Hits a 670-Week High

As we noted last week, “the yield on the 10-year treasury inched up around 3 basis points since the Fed’s announcement, indicating the near-certain hike was already priced-in and should moderate any significant jumps in mortgage rates over the next week.” The average rate for a... Read More »

Mortgage Applications Tick Up, ARM Share Nearly Triples

Mortgage loan application volume across the U.S. ticked up 2.0 percent over the past week on a seasonally adjusted basis and 3.0 percent in the absolute, according to data from the Mortgage Bankers Association. That being said, application volumes to refinance were down 72 percent on a year-over-year basis... Read More »

Benchmark Mortgage Rate Climbs, Nearing a 13-Year High

Benchmark Mortgage Rate Climbs, Nearing a 13-Year High

Measured prior to the Fed’s rate hike yesterday, the average rate for a benchmark 30-year mortgage had already jumped another 17 basis points to 5.27 percent, which is 231 basis points and nearly 80 percent higher than at the same time last year and the highest average rate since... Read More »

All Eyes on The Fed and Projected Rate Hike(s)

While the Fed has only hiked the target federal funds rate by 25 basis points (0.25 percentage points) from the near zero rate which had been in place since 2018, the benchmark 30-year mortgage rate has already rocketed by over 200 basis points to a 12-year high, driven by... Read More »

Benchmark Mortgage Rate Just Hit a 12-Year High

Benchmark Mortgage Rate Just Hit a 12-Year High

Having hit 5 percent for the first time in over a decade last week, the average rate for a benchmark 30-year mortgage has since ticked up another 11 basis points (0.11 percentage points) to 5.11 percent, which is 214 basis points and over 70 percent higher than at the... Read More »

Mortgage Activity Drops with a Pullback in Demand

Mortgage loan application volumes in the U.S. dropped another 5 percent over the past week on a seasonally adjusted basis and 4 percent in the absolute, with an 8 percent drop in applications to refinance and a 3 percent drop in purchase activity, according to data from the Mortgage... Read More »

Benchmark Mortgage Rate Hits 5%, First Time in Over a Decade

Benchmark Mortgage Rate Hits 5%, First Time in Over a Decade

The average rate for a benchmark 30-year mortgage jumped another 28 basis points (0.28 percentage points) over the past week to 5.00 percent, which is 196 basis points and over 60 percent higher than at the same time last year, over two (2) full percentage points higher than in... Read More »

Benchmark Mortgage Rate Over 50 Percent Higher YOY

Benchmark Mortgage Rate Over 50 Percent Higher YOY

The average rate for a benchmark 30-year mortgage ticked up another 5 basis points (0.05 percentage points) over the past week to 4.72 percent, which is 159 basis points, or 51 percent, higher than at the same time last year. As such, the 30-year rate is now within 23... Read More »