Mortgage Application Volume Drops to a 25-Year Low
With the benchmark 30-year mortgage rate having hit a 20-year high but still running below its long-term average, mortgage loan application volume in the U.S. dropped another 4 percent over…
Benchmark Mortgage Rate Hits a 20-Year High
The average rate for a benchmark 30-year mortgage jumped another 26 basis points (0.26 percentage points) over the past week to 6.92 percent, an average rate which is now 128…
Mortgage Application Volume Plummets
With the benchmark 30-year mortgage rate nearing a 20-year high, mortgage loan application volume plummeted over 14 percent last week, with a 13 percent drop in applications to purchase a…
Mortgage Rates Rocket Across the Board
The average rate for a benchmark 30-year mortgage jumped another 41 basis points (0.41 percentage points) over the past week to 6.70 percent, an average rate which is 123 percent…
Average 30-Year Mortgage Rate Hits 6.29 Percent, Still Not “High”
Measured prior to yesterday’s announcement of another 75 basis point hike by the Fed, the average rate for a benchmark 30-year mortgage had already climbed another 27 basis points (0.27…
Average 30-Year Mortgage Rate Just Hit 6 Percent, Headed Up
Having already doubled over the past year, the average rate for a benchmark 30-year mortgage ticked up another 13 basis points (0.13 percentage points) over the past week to 6.02…
Benchmark Mortgage Rate Has Doubled, Poised to Climb
With purchase demand for existing homes across the nation having already dropped over 20 percent and the pace of new home sales down nearly 30 percent, year-over-year, driven by a…
Sellers “Recalibrating” as Mortgage Rates Climb, Buying Wanes
The average rate for a benchmark 30-year mortgage ticked up another 11 basis points (0.11 percentage points) over the past week to 5.66 percent, an average rate which is now…
Benchmark Mortgage Rate Surges Back Over 5.5 Percent
Having dropped under 5 percent for the first time in four months three weeks ago, the average rate for a benchmark 30-year mortgage has since surged 56 basis points (0.56…
Benchmark Mortgage Rate Jumps Back Over 5 Percent
Having dropped under 5 percent for the first time in four months last week, driven by an “increased risk of a formal recession and declining consumer confidence overall,” the average…