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Articles Recently Tagged: 30-Year Mortgage

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15-Year Mortgage Rate Drops to a New All-Time Low

15-Year Mortgage Rate Drops to a New All-Time Low

While the average rate for a benchmark 30-year mortgage inched up 2 basis points (0.02 percentage points) over the past week to 2.80 percent, it remains 19 basis pointsd below its mark at the same time last year and within 15 basis points of its all-time low rate of... Read More »

Mortgage Loan Application Volume in the U.S. Increases, But…

Mortgage loan application volume in the U.S. ticked up 6 percent over the past week, according to the Mortgage Bankers Association. But with the benchmark 30-year mortgage rate back under 3 percent and nearing its all-time low, the uptick was driven by applications to refinance. And in fact, while... Read More »

Benchmark Mortgage Rate Drops, Nearing an All-Time Low

Benchmark Mortgage Rate Drops, Nearing an All-Time Low

Having inched down to a five-month low last week, the average rate for a benchmark 30-year mortgage has since dropped another 10 basis points (0.10 percentage points) to 2.78 percent, which is 23 basis below its mark at the same time last year and within 13 basis points of... Read More »

Mortgage Loan Activity Down 18 Percent, Year-Over-Year

While the number of homes for sale across the U.S. has ticked up, and the average 30-year rate is back under 3 percent, mortgage loan application volumes ticked down 4 percent on a seasonally adjusted basis over the past week. In fact, application volumes are now down 18 percent... Read More »

Benchmark Mortgage Rate Drops to a Five-Month Low [UPDATED]

Benchmark Mortgage Rate Drops to a Five-Month Low [UPDATED]

Having inched back over 3 percent two weeks ago to a two-month high, the average rate for a benchmark 30-year mortgage has since dropped 12 basis points (0.12 percentage points) to 2.90 percent, which is 13 basis lower than at the same time last year, within 25 basis points... Read More »

Benchmark Mortgage Rate Inches Back Over 3 Percent

Benchmark Mortgage Rate Inches Back Over 3 Percent

The average rate for a benchmark 30-year mortgage has inched up 9 basis points (0.09 percentage points) over the past week to 3.02 percent, which is the highest average rate in two months but still 11 basis points lower than at the same time last year and around half... Read More »

Benchmark Mortgage Rate Inches Down to 2.96 Percent

Benchmark Mortgage Rate Inches Down to 2.96 Percent

The average rate for a benchmark 30-year mortgage inched down 3 basis points (0.03 percentage points) over the past week to 2.96 percent, which is 25 basis points below its mark at the same time last year, within 31 basis points of its all time low and half the... Read More »

Benchmark Mortgage Rate Back Under 3 Percent

Benchmark Mortgage Rate Back Under 3 Percent

Having inched up to 3.00 percent last week, the average rate for a benchmark 30-year mortgage has since inched back down 5 basis points (0.05 percentage points) to 2.95 percent, which is 20 basis points below its mark at the same time last year, 23 basis points lower than... Read More »

Benchmark Mortgage Rate Inches Up, Short-Term Rate Holds

Benchmark Mortgage Rate Inches Up, Short-Term Rate Holds

The average rate for a benchmark 30-year mortgage inched up 6 basis points (0.06 percentage points) over the past week to 3.00 percent but is still 24 basis points below its mark at the same time last year, 18 basis points lower than at the beginning April, and within... Read More »

Benchmark Mortgage Rate Inches Down, Short-Term Rate Drops

Benchmark Mortgage Rate Inches Down, Short-Term Rate Drops

The average rate for a benchmark 30-year mortgage inched down another 2 basis points (0.02 percentage points) over the past week to 2.94 percent, which is 34 basis points below its mark at the same time last year, down 24 basis points over the past six weeks, and back... Read More »