Articles Recently Tagged: 30-Year Mortgage

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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 »

Mortgage Rates Drop Along With Odds Of A Hike In 2015

Mortgage Rates Drop Along With Odds Of A Hike In 2015

With the Fed having balked at raising the Federal funds rate last week, the average rate for a 30-year mortgage dropped to 3.86 percent, down from 3.91 percent the week before and versus a 4.20 percent rate at the same time last year, according to Freddie Mac’s latest Primary... Read More »

Average 30-Year Mortgage Rate Drops Back Below 4 Percent

Average 30-Year Mortgage Rate Drops Back Below 4 Percent

Having ticked up to 4.09 percent two weeks ago, the highest rate so far this year, the average rate for a 30-year mortgage has dropped to 3.98 percent, versus 4.12 percent at the same time last year, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30-year rate,... Read More »

30-Year Mortgage Rate Ticks Up To Highest Level In 2015

30-Year Mortgage Rate Ticks Up To Highest Level In 2015

Having crossed the 4 percent mark for the first time since the fourth quarter of 2014 last month, the average rate for a 30-year fixed mortgage has ticked up to 4.09 percent, the highest rate this year and within 4 basis points of the 4.13 percent average rate recorded... Read More »

30-Year Mortgage Rate Over 4 Percent For First Time In 2015

30-Year Mortgage Rate Over 4 Percent For First Time In 2015

As we expected last week with the underlying basis on the move, the average rate for a 30-year mortgage has continued to climb, crossing the four percent mark for the first time since November 2014 and hitting a new high for 2015. The average rate for a 30-year fixed-rate... Read More »

Basis For 30-Year Mortgage Rate On The Move (Up)

Since hitting a 2015 high of 3.87 percent last week, the average rate for a 30-year fixed mortgage has been relatively unchanged.  But the 10-year Treasury yield, the basis for the 30-year mortgage rate, jumped around 10 basis points (0.10) this morning on strong jobs data. And while the... Read More »