Benchmark Mortgage Rate Jumps to a Six-Month High
The average rate for a benchmark 30-year mortgage has jumped 40 basis points (0.40 percentage point) over the past two weeks to 6.79 percent, which is 170 basis points and…
Homebuying Activity Continues to Drop, Down 30 Percent YOY
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped another 5 percent over the past week in the absolute and 4…
Mortgage Rates Inch Back Up, Odds of an Easing Down
The average rate for a benchmark 30-year mortgage inched back up 4 basis points (0.04 percentage point) over the past week to 6.39 percent, which is 114 basis points and…
Homebuying Activity Drops, Risk Premium on the Rise
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped 5 percent over the past week on both an absolute and seasonally…
Mortgage Rates Inch Down, Probability of an Easing Slips
As projected, the average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage point) over the past week to 6.35 percent but remains 20 percent…
Benchmark Mortgage Rate Slips, Poised to Drop. But…
Measured prior to yesterday’s quarter point hike by the fed, the average rate for a benchmark 30-year mortgage had inched back down 4 basis points (0.04 percentage point) over the…
Benchmark Mortgage Rate Inches Back Over 6.4 Percent
The average rate for a benchmark 30-year mortgage inched up another 4 basis points (0.04 percentage point) over the past week to 6.43 percent, continuing a trend that shouldn’t catch…
Benchmark Mortgage Rate Ticks Up, Odds of a Hike as Well
The average rate for a benchmark 30-year mortgage ticked up, not down, 12 basis points (0.12 percentage point) over the past week to 6.39 percent. As such, the average 30-year…
Benchmark Mortgage Rate Holding Firm at Over 6 Percent
The average rate for a benchmark 30-year mortgage effectively held over the past week, inching down 1 basis point (0.01 percentage point) from 6.28 to 6.27 percent. As such, the…
Home Buying Activity Rebounds, Only Down 31 Percent YOY
With the average rate for a benchmark 30-year mortgage having ticked down to a 2-month low, the volume of applications to secure a purchase mortgage loan for a home in…