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…
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…
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…
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…
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…
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…
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…
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…
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…
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…