Purchase Mortgage Activity Back Down to a 28-Year Low
Having ticked up 2 percent from a 28-year low in mid-August, the number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped 5…
Benchmark Mortgage Rate Hits a 22-Year High of Only 7.23%
The average rate for a benchmark 30-year mortgage ticked up another 14 basis points (0.14 percentage points) over the past week to 7.23 percent, which is 168 basis points higher…
Benchmark Mortgage Rate Just Hit a 21-Year High of Only 7.09%
As projected, the average rate for a benchmark 30-year mortgage ticked up 13 basis points (0.13 percentage points) over the past week to 7.09 percent, which is 196 basis points…
Benchmark Mortgage Rate Poised to Hit 7 Percent
The average rate for a benchmark 30-year mortgage ticked up 6 basis points (0.06 percentage points) over the past week to 6.96 percent, which is 174 basis points higher than…
Benchmark Mortgage Rate Inches Up, Poised to Hold
The average rate for a benchmark 30-year mortgage inched up 3 basis points (0.03 percentage points) over the past week to 6.81 percent, which was 151 basis points higher than…
Benchmark Mortgage Rate Drops, Hike Priced In
Having jumped 15 basis points (0.15 percentage point) to within 12 basis points of its 21-year high last week, the average rate for a benchmark 30-year mortgage dropped 18 basis…
Benchmark Mortgage Rate Jumps, Still Below Average
The average rate for a benchmark 30-year mortgage jumped 15 basis points (0.15 percentage point) over the past week to 6.96 percent, which is 145 basis points higher than at…
Benchmark Mortgage Rate Inching Up, Another Hike Looms
The average rate for a benchmark 30-year mortgage inched back up 4 basis points (0.04 percentage point) over the past week to 6.71 percent, which is 101 basis points higher…
Homebuying Activity Inches Up but Drops Year-Over-Year. And…
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. inched up 0.1 percent over the past week in the absolute and 2…
Benchmark Mortgage Rate Inches Down, Odds of an Easing Drop
The average rate for a benchmark 30-year mortgage inched down 2 basis points (0.02 percentage point) over the past week to 6.69 percent, which is 91 basis points higher than…