The Fed Affirms, Again
As we outlined last month, based on an analysis of the futures market, the expected value of the Fed’s rate cuts over the next six months had dropped, with an…
The Fed Affirms, Rate Cut(s) Pushed Back
As we first outlined back in February, when the average 30-year mortgage rate was only 6.64 percent, our analysis of the futures market was projecting far fewer rate cuts than…
Benchmark Mortgage Rate Expected to Hold
Having jumped 18 basis points (0.18 percentage points) last week to 7.49 percent, the average rate for a benchmark 30-year mortgage has since ticked up another 8 basis points to…
The Fed Abides, Hikes Rates Another 75 Bips
As projected, the Federal Reserve has just announced another rate hike of 75 basis points or three-quarters of a percent for federal funds, its second 75 basis point hike in…
Prepare for Multiple Rate Hikes in 2022
With “supply and demand imbalances related to the pandemic and the reopening of the economy” having “continued to contribute to elevated levels of inflation,” which has been rattling the market,…
Expectations for a Rate Hike Have Accelerated
Having cited an ongoing public health crisis (i.e., the pandemic) that “will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to…
The Fed Affirms: No Rate Hikes on the Horizon, Risks Loom
Citing an ongoing public health crisis (i.e., the pandemic) that “will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the…
Mortgage Rates Holding Near All-Time Lows
While the average rate for a benchmark 30-year mortgage has inched up 5 basis points (0.05 percentage points) over the past two weeks to 3.28 percent, it’s effectively holding around…
Benchmark Mortgage Rate Drops to an All-Time Low
Having inched up last week, the average rate for a benchmark 30-year mortgage has since dropped 10 basis points (0.10 percentage points) and now measures 3.23 percent, which 91 basis…
Benchmark Mortgage Rate Inches Up, Short-Term Rate Slips
Having inched down to within 2 basis points (0.02 percentage points) of an all-time low last week, the average rate for a benchmark 30-year mortgage has since inched back up…