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Articles Recently Tagged: Interest Rates

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Fixed Mortgage Rates Drop To 2014 Low

Fixed Mortgage Rates Drop To 2014 Low

The average rate for a conforming 30-year mortgage ticked down from 4.29 to 4.21 percent over the past week, the lowest rate in six months and 37 basis points below the three-year high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average... Read More »

Mortgage Rates Drop To Six-Week Low

Mortgage Rates Drop To Six-Week Low

The average rate for a conforming 30-year mortgage ticked down from 4.34 to 4.27 percent over the past week to a six-week low, 31 basis points below the three-year high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average rate for a... Read More »

Mortgage Rates Tick Down, Demand Remains Down As Well

The average rate for a conforming 30-year mortgage ticked down from 4.41 to 4.34 percent over the past week and is 24 basis points below the three-year high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average rate for a 30-year fixed... Read More »

Mortgage Rates Move Up As Expected

Mortgage Rates Move Up As Expected

As expected, the average rate for a conforming 30-year mortgage ticked up from 4.32 to 4.40 percent over the past week. The current 30-year rate is within 18 basis points of the 34-month high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the... Read More »

Fixed Mortgage Rates Tick Up, Jumbos Remain Relatively Cheap

Fixed Mortgage Rates Tick Up, Jumbos Remain Relatively Cheap

The average rate for a conforming 30-year mortgage ticked up from 4.33 to 4.37 percent over the past week and is within 21 basis points of the 33-month high rate of 4.58 percent recorded this past August. The average rate for a 30-year fixed mortgage was 3.51 percent at... Read More »

Stock Market Rockets After Fed Announces Stimulus Cuts

As we noted last month, the minutes from the Federal Open Market Committee’s October meeting suggested that the Fed was “likely to trim their monthly purchase of $85 billion in bonds “in coming months,” perhaps even “before an unambiguous further improvement in the outlook apparent.” This... Read More »