Articles Recently Tagged: 30-Year Mortgage

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Benchmark Mortgage Rate Dips on China’s Market Chaos

Benchmark Mortgage Rate Dips on China’s Market Chaos

With China’s stock market rout rattling the markets near and far, and a subsequent flight to quality driving the 10-year Treasury yield down, the average rate for a benchmark 30-year mortgage slipped back below 4 percent over the past week. At 3.97 percent, the current 30-year rate is 24... Read More »

Benchmark Mortgage Rate Back above 4 Percent and Forecast to Rise

Benchmark Mortgage Rate Back above 4 Percent and Forecast to Rise

For the first time in five months and following a post rate hike slip, the average rate for the benchmark 30-year mortgage is back above 4 percent having ticked up 5 basis points to an average rate of 4.01 percent on the last day of 2015. The current rate... Read More »

Benchmark Mortgage Rate Drops following First Rate Hike

Benchmark Mortgage Rate Drops following First Rate Hike

With the 10-year treasury yield trading down following the Fed’s first rate hike in nearly a decade, we were expecting the average 30-year mortgage rate to drop rather than rise. And over the past week, the average rate for the benchmark 30-year mortgage ticked down 1 basis point to... Read More »

Mortgage Rates on the Move…Down?

Mortgage Rates on the Move…Down?

While the average rate for a 30-year mortgage ticked up 2 basis points over the past week to 3.97 percent, the 10-year Treasury yield, which typically drives mortgage rates, is currently trading down 4 basis points for the day. And if the trend holds, the average 30-year mortgage rate,... Read More »

The Fed Institutes a Rate Hike, Signals Four More in 2016

As predicted, the Federal Reserve has just raised interest rates for the first time since 2006, upping the target federal funds rate by 0.25 percent and signaling expectations for another four quarter-point increases in 2016. The Fed’s move raises the target federal funds rate from the near-zero mark it... Read More »

Mortgage Rates Tick Up along with the Odds of a Rate Hike

Mortgage Rates Tick Up along with the Odds of a Rate Hike

With the probability of a Fed Funds rate hike next week up to 85 percent, according to an analysis of the futures market, the rate for a conforming 30-year mortgage averaged 3.95 percent over the past week, up 2 basis points versus the week before and versus the same... Read More »

Mortgage Rates Move Up, Odds of a Rate Hike Jump (Again)

Mortgage Rates Move Up, Odds of a Rate Hike Jump (Again)

The average rate for a conforming 30-year mortgage increased another 11 basis points over the past week to 3.98 percent, the highest rate since July. The average 30-year rate is now 39 basis point above the 2015 low of 3.59 percent recorded in early February and within 3 basis... Read More »

Mortgage Rates Move Up, Odds Of A Rate Hike Jump

Mortgage Rates Move Up, Odds Of A Rate Hike Jump

The average rate for a conforming 30-year mortgage increased 11 basis points over the past week to 3.87 percent, up 28 basis point from the 3.59 percent low for the year in February but 15 basis points below the 4.02 percent average rate at the same time last year... Read More »

Probability Of A Rate Hike In 2015 Down To 30 Percent

While mortgage rates ticked-up a few basis points over the past week, the average rate for a 30-year mortgage (3.82 percent) remains below four percent for the twelfth week in a row. And with Federal Reserve Governor Daniel Tarullo publicly challenging the Federal Reserve Chair’s suggestion last month that an increase... Read More »

Mortgage Rates Drop, Odds Of A Hike In 2015 Under 50 Percent

Mortgage Rates Drop, Odds Of A Hike In 2015 Under 50 Percent

While local employment remains on a tear, a weaker than expected U.S. jobs report spooked the market and drove Treasury rates down over the past week as assets shifted to safer investments.  And as such, the average rate for a 30-year mortgage dropped 9 basis points to 3.76 percent,... Read More »