Mortgage Rates Inch Up
Having dropped to a six-month low of 6.61 percent at the end of 2023, the average rate for a benchmark 30-year mortgage has since inched up a (1) basis points…
Purchase Mortgage Activity Keeps Ticking Down
Despite a drop in mortgage rates to a six-month low, purchase mortgage application volume in the U.S. ticked down 5 percent on a seasonally adjusted basis over the past two…
Benchmark Mortgage Rate Drops to a Six-Month Low, And…
Having slipped back under 7 percent last week, the average rate for a benchmark 30-year mortgage has since dropped another 28 basis points (0.28 percentage points) to 6.67 percent, which…
Benchmark Mortgage Rate Slips Back Under 7 Percent
The average rate for a benchmark 30-year mortgage has slipped back under 7 percent for the first time in four months, inching down 8 basis points (0.08 percentage points) over…
Mortgage Credit Availability Drops
Having ticked up a (1) percent in October, mortgage credit availability, as indexed by the Mortgage Bankers Association, ticked down 1.7 percent in November, with a 5.4 percent drop in…
Benchmark Mortgage Rate Drops as Odds of Rate Cuts Rise
The average rate for a benchmark 30-year mortgage dropped another 19 basis points (0.19 percentage points) over the past two weeks to 7.03 percent, which is 71 basis point below…
Benchmark Mortgage Rate Drops to 7.29 Percent
The average rate for a benchmark 30-year mortgage has ticked down 21 basis points (0.21 percentage points) over the past two weeks to 7.29 percent, which is 71 basis points…
Benchmark Mortgage Rate Nears a 23-Year High, Jumbos Jump
The average rate for a benchmark 30-year mortgage ticked up another 12 basis points (0.12 percentage points) over the past week to 7.31 percent, which is 61 basis points higher…
Mortgage Credit Availability Slips on Jumbo Lending Concerns
Having dropped to a 10-year low in June, mortgage credit availability, as indexed by the Mortgage Bankers Association, inched down another 0.3 percent in July to its lowest level since…
Benchmark Mortgage Rate Drops, Hike Priced In
Having jumped 15 basis points (0.15 percentage point) to within 12 basis points of its 21-year high last week, the average rate for a benchmark 30-year mortgage dropped 18 basis…