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…
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…
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…
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,…
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…
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…
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…
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…
Benchmark Mortgage Rate Climbs, Nearing an 11-Year High
The average rate for a benchmark 30-year mortgage jumped another 25 basis points (0.25 percentage points) over the past week to 4.67 percent, which is 149 basis points, or nearly…
Make that Nine and a Near Decade High
With the probability of the Federal Reserve raising interest rates by another two (2) full percentage points by the end of the year having jumped last week, the probability of…