Benchmark Mortgage Rate Drops to a 4-Month Low, But…
The average rate for a benchmark 30-year mortgage dropped 18 basis points (0.18 percentage points) over the past week to 6.15 percent, which is the lowest average rate in fourth…
Mortgage Rates Inch Up, Odds of More Rate Hikes As Well
While mortgage application volume dropped to a quarter century low at the end of 2022, despite a pullback in mortgage rates in the fourth quarter of last year, the average…
Benchmark Mortgage Rate Inches Down, 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 6.27 percent but remains 106 percent higher than…
Homebuyer Sentiment Remains Low Despite Drop in Rates
As expected, the average rate for a benchmark 30-year mortgage dropped another 16 basis points (0.16 percentage points) over the past week to 6.33 percent but remains over twice as…
Benchmark Mortgage Rate Drops to 6.49 Percent, But…
The average rate for a benchmark 30-year mortgage ticked down 9 basis points (0.09 percentage points) over the past week to 6.49 percent, which is only 109 percent higher than…
Buyers are Borrowing/Paying Less for Homes
Mortgage loan application volume to finance the purchase of a home in the U.S. was only 41 percent lower on a year-over-year basis last week versus 46 percent lower the…
Benchmark Mortgage Rate Drops, But…
Buoyed by a slowdown in the pace of inflation, the average rate for a benchmark 30-year mortgage dropped 47 basis points over the past week to 6.61 percent but is…
Benchmark Mortgage Rate Ticks Back Over 7 Percent
While the average rate for a benchmark 30-year mortgage had slipped back under 7 percent last week, said average had been compiled prior to last week’s rate hike by the…
Benchmark Mortgage Rate Slipped Under 7 Percent, But…
The average rate for a benchmark 30-year mortgage ticked down 13 basis points over the past week to 6.95 percent, slipping back under 7 percent but still 125 percent higher…
Benchmark Mortgage Rate Surpasses 7 Percent
Having hit a 20-year high of 6.92 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since ticked up another 16 basis points (0.16 percentage points)…