Articles Recently Tagged: 30-Year Mortgage

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Benchmark Mortgage Rate Nearing an Unprecedented Mark

Benchmark Mortgage Rate Nearing an Unprecedented Mark

The average rate for a benchmark 30-year mortgage dropped another 6 basis points (0.06 percentage points) over the past week to 3.07 percent.  That’s a new all-time low for the average 30-year rate, 68 basis points below the average rate at the same time last year, and within 8... Read More »

Benchmark Mortgage Rate Drops to a New All-Time Low

Benchmark Mortgage Rate Drops to a New All-Time Low

As we noted last week, while the average rate for a benchmark 30-year mortgage had inched up to 3.21 percent, there weren’t any hikes on the horizon. And in fact, the average 30-year rate has since dropped 8 basis points (0.08 percentage points) to 3.13 percent, which is 71... Read More »

Benchmark Mortgage Rate Inches Up, No Hikes on the Horizon

Benchmark Mortgage Rate Inches Up, No Hikes on the Horizon

Having dropped to an all-time low of 3.15 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since inched up 6 basis points (0.06 percentage points) to 3.21 percent but remains 61 basis points below its mark at the same time last year and nearly... Read More »

Benchmark Mortgage Rate Drops to a New All-Time Low

Benchmark Mortgage Rate Drops to a New All-Time Low

Having inched down last week, the average rate for a benchmark 30-year mortgage has since shed another 9 basis points (0.09 percentage points) to 3.15 percent which is 8 basis points below its previous all-time low of 3.23 percent and 84 basis points below its mark at the same... Read More »

Mortgage Rates Holding Near All-Time Lows

Mortgage Rates Holding Near All-Time Lows

While the average rate for a benchmark 30-year mortgage has inched up 5 basis points (0.05 percentage points) over the past two weeks to 3.28 percent, it’s effectively holding around its all-time low of 3.23 percent and remains 79 basis points below its mark at the same time last... Read More »

Home Purchase Activity Ticks Up, Refinancing Activity Slips

With the benchmark mortgage rate having dropped to an all-time low of 3.23 percent last week, mortgage application volume in the U.S. inched up 1.0 percent over the past week, with refinancing activity having actually slipped 2 percent and purchase activity having ticked up 6 points, according to the... Read More »

Benchmark Mortgage Rate Drops to an All-Time Low

Benchmark Mortgage Rate Drops to an All-Time Low

Having inched up last week, the average rate for a benchmark 30-year mortgage has since dropped 10 basis points (0.10 percentage points) and now measures 3.23 percent, which 91 basis points below its mark at the same time last year and a new all-time low by 6 basis points,... Read More »

Benchmark Mortgage Rate Inches Up, Short-Term Rate Slips

Benchmark Mortgage Rate Inches Up, Short-Term Rate Slips

Having inched down to within 2 basis points (0.02 percentage points) of an all-time low last week, the average rate for a benchmark 30-year mortgage has since inched back up 2 basis points to 3.33 percent, which is still 87 basis points (0.87 percentage points) below its mark at... Read More »

Benchmark Mortgage Rate Inches Down to a Near-Record Low

Benchmark Mortgage Rate Inches Down to a Near-Record Low

The average rate for a benchmark 30-year mortgage inched down another 2 basis points over the past week to 3.31 percent, which is 86 basis points (0.86 percentage points) below its mark at the same time last year and within 2 basis points of an all-time low, according to... Read More »

Benchmark Mortgage Rate Holding Near an All-Time Low

Benchmark Mortgage Rate Holding Near an All-Time Low

Having dropped 32 basis points (0.32 percentage points) since mid-March, the average rate for a benchmark 30-year mortgage is now holding at 3.33 percent, which is 79 basis points below its mark at the same time last year and within 4 basis points of its all-time low, according to... Read More »