Prepare For Lowest Mortgage Rates In Over A Year
The index for the S&P 500 is currently trading at 1,845.99, down 1.7% for the day and back to even for the year, having dropped 9 percent over the past…
Mortgage Rates Drop, Back Near 2014 Lows
The average rate for a conforming 30-year fixed-rate mortgage has dropped from 4.23 percent to 4.12 percent over the past three weeks and is back to within 2 basis points…
Mortgage Rates Move Higher, Biggest Increase Of The Year
The average rate for a conforming 30-year fixed-rate mortgage jumped from 4.12 to 4.23 percent over the past week, the highest rate since the beginning of May and the biggest…
Benchmark Mortgage Rate Drops To Ten-Month Low
The average rate for a conforming 30-year fixed-rate mortgage has ticked down to 4.10 percent, the lowest rate since October of 2013 when it last dipped to 4.10 percent for…
Fed Raises Possibility Of Raising Rates Sooner Than Anticipated
With indications of a rebound in economic activity in the second quarter and “sufficient underlying strength” to support ongoing improvement in the labor market, Federal Reserve officials have raised the…
30-Year Mortgage Rate Drops To 2014 Low
The average rate for a conforming 30-year mortgage ticked down to 4.12 percent over the past week, matching the 2014 low last recorded in May and the lowest rate since…
Freddie Mac Lowers Mortgage Rate Forecast For 2014
Having forecast the average rate for 30-year fixed mortgages would begin rising in the second half of 2014 and end the year at “around 4.6 percent” as of two months…
Mortgage Rates Holding, Remain Lower Year-Over-Year
The average rate for a conforming 30-year mortgage ticked up to 4.15 percent over the past week and remains 43 basis points below the three-year high rate of 4.58 percent…
Mortgage Rates Tick Down, Now Lower Than Last Year
The average rate for a conforming 30-year mortgage ticked down to 4.14 percent over the past week, 44 basis points below the three-year high rate of 4.58 percent recorded this…
Fed Cuts Stimulus But Intends To Keep Rates Low
Citing a rebound in economic activity while noting the housing sector remains slow (despite historically low interest rates and rising inventories), the Fed has announced another cut to its bond…