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Articles Recently Tagged: 30-Year Mortgage

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Benchmark Mortgage Rate Ticks Down but Holding at Over 6%

Benchmark Mortgage Rate Ticks Down but Holding at Over 6%

The average rate for a benchmark 30-year mortgage ticked down 10 basis points (0.10 percentage points) over the past week to 6.32 percent. Or as we outlined last week, “the average 30-year rate should drop around 10-20 basis points over the next week but remain over 6 percent.” As... Read More »

Benchmark Mortgage Rate Drops, Poised to Tick Down

Benchmark Mortgage Rate Drops, Poised to Tick Down

Measured prior to yesterday’s quarter-point rate hike by the Fed, the average rate for a benchmark 30-year mortgage had dropped another 18 basis points (0.18 percentage points) over the past week to 6.42 percent but remained 200 basis points, or roughly 45 percent, higher than at the same time... Read More »

Benchmark Mortgage Rate Ticks Down to 6.6 Percent, But…

Benchmark Mortgage Rate Ticks Down to 6.6 Percent, But…

With all the volatility in the financial markets, the average rate for a benchmark 30-year mortgage ticked down 13 basis points (0.13 percentage points) over the past week to 6.60 percent but remains 244 basis points, or roughly 60 percent, higher than at the same time last year and... Read More »

Mortgage Standards Tighten, Availability Drops to a 10-Year Low

Mortgage Standards Tighten, Availability Drops to a 10-Year Low

As indexed by the Mortgage Bankers Association, mortgage credit availability in the U.S. dropped to its lowest level since January of 2013, with “all loan types seeing declines in availability over the month” and the index for Jumbo loan availability having declined the most, driven by an “ongoing trend... Read More »

Benchmark Mortgage Rate Ticks Back Over 6.7 Percent

Benchmark Mortgage Rate Ticks Back Over 6.7 Percent

Following a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage ticked up another 8 basis points (0.08 percentage points) over the past week to 6.73 percent, which is 288 basis points and 75 percent higher than at the same time... Read More »

Benchmark Mortgage Rate Hits 6.5 Percent, Poised to Rise

Benchmark Mortgage Rate Hits 6.5 Percent, Poised to Rise

The average rate for a benchmark 30-year mortgage ticked up another 18 basis points (0.18 percentage points) over the past week to 6.50 percent, which is 261 basis points, or nearly 70 percent, higher than at the same time last year and 385 basis points, or nearly 150 percent,... Read More »

Benchmark Mortgage Rate Keeps Ticking Up

Benchmark Mortgage Rate Keeps Ticking Up

The average rate for a benchmark 30-year mortgage ticked up another 20 basis points (0.20 percentage points) over the past week to 6.32 percent, which is 240 basis points higher than at the same time last year and 367 basis points, or nearly 140 percent, higher than its all-time... Read More »

Purchase Mortgage Activity Continues to Drop, Down 40% YOY

With the average rate for a 30-year mortgage having ticked back over 6 percent and poised to rise, the seasonally adjusted volume of applications to secure a purchase mortgage loan for a home in the U.S. ticked down another 5 percent over the past week and was down 40... Read More »

Mortgage Rates Inch Up, Odds of Rate Hikes As Well

Having briefly slipped under 6 percent, the average rate for a benchmark 30-year mortgage inched back up to 6.12 percent over the past week as the fed confirmed expectations for at least one more rate hike, and more likely two, over the next quarter, moves that shouldn’t catch any... Read More »

Benchmark Mortgage Rate Poised to Slip Under 6 Percent, But…

Benchmark Mortgage Rate Poised to Slip Under 6 Percent, But…

The average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage points) over the past week to 6.09 percent and is currently poised to slip back under 6 percent next week with the 10-year treasury rate having ticked down around 10 basis points following... Read More »