Benchmark Mortgage Rate Poised to Inch Down
The average rate for a benchmark 30-year mortgage inched down 6 basis points (0.06 percentage points) over the past week to 6.89 percent, which is 7 basis points lower than…
Index for Bay Area Home Values Ticks Up, YOY Gain Slows
Having ticked up 2.6 percent in March, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San Francisco,” which includes the East Bay,…
Benchmark Mortgage Rate Inches Down, Poised to Drop
Measured prior to yesterday’s affirmation by the Fed, the average rate for a benchmark 30-year mortgage inched down 4 basis points (0.04 percentage points) over the past week to 6.95…
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…
Benchmark Mortgage Rate Inches Back Over 7 Percent
As we outlined last week, while the average rate for a benchmark 30-year mortgage had slipped back under 7 percent for the first time since mid-April the expected value of…
Purchase Mortgage Activity Continues to Drop
Despite the average rate for a benchmark 30-year mortgage having ticked down over the past month, purchase mortgage application volume in the U.S. has dropped for the third week in…
Index for Bay Area Home Values Ticks Up, YOY Gain Slips
Having notched a month-over-month gain in February, as we outlined at the time, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area (i.e., “San…
Expected Value of Rate Cut(s) Just Dropped
Having inched up over the past month, helping to pull the average rate for a benchmark 30-year mortgage back under 7 percent for the first time since mid-April, the expected…
Price Per Square Foot for Pending Sales in S.F. Ticks Down, Not Up
With the net number of single-family homes and condos on the market in San Francisco continuing to tick up, along with the percentage of listings that have been reduced at…
Benchmark Mortgage Rate Drops to Just Over 7 Percent
Continuing a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage ticked down 7 basis points to 7.02 percent over the past…