Articles Recently Tagged: 30-Year Mortgage

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Benchmark Mortgage Rate Inches Down

Benchmark Mortgage Rate Inches Down

Having ticked up 53 basis points, or 0.53 percentage points, from an all-time low of 2.65 percent in early January, the average rate for a benchmark 30-year mortgage inched down 5 basis points over the past week to 3.13 percent and is still 20 basis points below its mark... Read More »

Mortgage Loan Activity Drops

Having ticked down 2 percent last week with the traditional spring buying/selling season underway, mortgage loan application volume across the U.S. has since dropped another 5 percent in the absolute, or 5.1 percent on a seasonally adjusted basis, with a 5 percent drop in refinancing activity and a 4... Read More »

Benchmark Mortgage Rate Nearing a 10-Month High

Benchmark Mortgage Rate Nearing a 10-Month High

The average rate for a benchmark 30-year mortgage, which inched over 3 percent for the first time since last July earlier this month, inched up another 8 basis points (0.08 percentage points) over the past week to 3.17 percent and is nearing a 10-month high. That being said, the... Read More »

Mortgage Rates Continue to Inch Up

Mortgage Rates Continue to Inch Up

While the Fed has just affirmed its intentions to maintain a low rate environment through 2023, the average rate for a benchmark 30-year mortgage, which inched over 3 percent for the first time in seven months two weeks ago, inched up another 4 basis points (0.04 percentage points) over the... Read More »

Mortgage Rates Inch Up

Mortgage Rates Inch Up

Having inched over 3 percent for the first time in seven months last week, the average rate for a benchmark 30-year mortgage has since inched up another 3 basis points (0.03 percentage points) to 3.05 percent. That being said, the average 30-year rate is still 31 basis points below... Read More »

Benchmark Mortgage Rate Inches Over 3 Percent

Benchmark Mortgage Rate Inches Over 3 Percent

Having jumped 16 basis points (0.16 percentage points) last week, the average rate for a benchmark 30-year mortgage has since inched up another 5 basis points to 3.02 percent, which is the highest average rate in a little over seven months. That being said, the average 30-year rate is... Read More »

Benchmark Mortgage Rate Hits a Six-Month High

Benchmark Mortgage Rate Hits a Six-Month High

Having inched up 8 basis points (0.08 percentage point) to a three-month high last week, the average rate for a benchmark 30-year mortgage has since jumped another 16 basis points to 2.97 percent, which is the highest average rate in six months. That being said, the average 30-year rate... Read More »

Benchmark Mortgage Rate Hits a “Three-Month High”

Benchmark Mortgage Rate Hits a “Three-Month High”

Having held at 2.73 percent for a couple of weeks, the average rate for a benchmark 30-year mortgage has since inched up 8 basis points to 2.81 percent. And while that’s the “highest average rate since mid-November,” it’s still 68 basis points below its mark at the same time... Read More »

Benchmark Mortgage Rate Holds

Benchmark Mortgage Rate Holds

The average rate for a benchmark 30-year mortgage has held at 2.73 percent over the past two weeks, which is only 8 basis points (0.08 percentage points) above its all-time low of 2.65 percent recorded at the start of this year and less than half the average 30-year rate... Read More »

Benchmark Mortgage Rate Inches Down, Short-Term Rate Drops

Benchmark Mortgage Rate Inches Down, Short-Term Rate Drops

Having ticked up to 2.79 percent from an all-time low of 2.65 percent three weeks ago, the average rate for a benchmark 30-year mortgage has since inched back down to 2.73 percent which is 78 basis points, or over 20 percent, below its mark at the same time last... Read More »