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…
The Fed Just Cut Rates (For the Third Time This Year)
As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the third such rate cut this year. Having dropped its…
The Fed Just Cut Rates, Again
As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the second such cut this year. Having dropped its benchmark…
The Fed Just Cut Rates, Might Not Be Done
With the Fed having formally signaled a more “patient” approach with respect to any future rate hikes back in January, the probability of an easing started to emerge, as we…
Mortgage Rates Continue to Rise, Short-Term nearing 7-Year Highs
Continuing a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage ticked up another 6 basis points over the past week to…
Benchmark Mortgage Rate Jumps to an Effective 4-Year High
In a move that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage moved up another 10 basis points over the past week to…
Mortgage Rates Tick Up along with the Odds of a Rate Hike
With the probability of a Fed Funds rate hike next week up to 85 percent, according to an analysis of the futures market, the rate for a conforming 30-year mortgage…
Odds of a Rate Hike Rise, 10-Year Treasury on the Move
According to activity in the futures market, the probability of a Federal Funds rate hike by the end of the year has jumped from 30 percent in October to 75…
Mortgage Rates Move Up, Odds Of A Rate Hike Jump
The average rate for a conforming 30-year mortgage increased 11 basis points over the past week to 3.87 percent, up 28 basis point from the 3.59 percent low for the…
Probability Of A Rate Hike In 2015 Down To 30 Percent
While mortgage rates ticked-up a few basis points over the past week, the average rate for a 30-year mortgage (3.82 percent) remains below four percent for the twelfth week in…