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…
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…
Benchmark Mortgage Rate Inches Down to 2.96 Percent
Despite concerns that Treasury Secretary Janet Yellen’s recent comments hinted at the need for the Fed to raise rates sooner rather than later, in order to keep the economy from…
Benchmark Mortgage Rate Hovering at Just Under 3 Percent
Having inched up 1 basis point over the past week to 2.98 percent, the average rate for a benchmark 30-year mortgage is hovering just under 3 percent for the second…
Benchmark Mortgage Rate Back Under 3 Percent
Having inched down another 7 basis points over the past week, the average rate for a benchmark 30-year mortgage has dropped to 2.97 percent, which is 36 basis points below…
Mortgage Rates Drop
Having inched down 5 basis points last week, the average rate for a benchmark 30-year mortgage has since dropped another 9 basis points to 3.04 percent, which is 27 basis…
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…
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,…
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…
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…