CFAH

Articles Recently Tagged: Mortgage Rates

(325 posts)
Benchmark Mortgage Rate Drops to 6.49 Percent, But…

Benchmark Mortgage Rate Drops to 6.49 Percent, But…

The average rate for a benchmark 30-year mortgage ticked down 9 basis points (0.09 percentage points) over the past week to 6.49 percent, which is only 109 percent higher than at the same time last year and 145 percent higher than last year’s all-time low of 2.65 percent. That... Read More »

Buyers are Borrowing/Paying Less for Homes

Mortgage loan application volume to finance the purchase of a home in the U.S. was only 41 percent lower on a year-over-year basis last week versus 46 percent lower the week before, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey data. At the same time, the median... Read More »

Benchmark Mortgage Rate Drops, But…

Benchmark Mortgage Rate Drops, But…

Buoyed by a slowdown in the pace of inflation, the average rate for a benchmark 30-year mortgage dropped 47 basis points over the past week to 6.61 percent but is facing headwinds as the Fed is expected to continue raising rates over the next couple of quarters, likely by... Read More »

New Home Demand Drops, Average Loan Size Down as Well

New Home Demand Drops, Average Loan Size Down as Well

While the number of new homes on the market across the nation has surpassed a 14-year high, with over 23 percent more inventory than at the same time last year, the number of mortgage loan applications for new homes in the U.S. dropped 13 percent in October and was... Read More »

Purchase Mortgage Activity Down Nearly 50 Percent

While the seasonally adjusted volume of applications to secure a mortgage to purchase a home in the U.S. ticked up 4 percent over the past week, with the benchmark mortgage rate having ticked back under 7 percent, application volume dropped 10 percent in the absolute and was down 46... Read More »

Benchmark Mortgage Rate Ticks Back Over 7 Percent

Benchmark Mortgage Rate Ticks Back Over 7 Percent

While the average rate for a benchmark 30-year mortgage had slipped back under 7 percent last week, said average had been compiled prior to last week’s rate hike by the Fed. And while the majority of the latest rate hike appeared to have been priced-in to last week’s rates,... Read More »

Benchmark Mortgage Rate Slipped Under 7 Percent, But…

Benchmark Mortgage Rate Slipped Under 7 Percent, But…

The average rate for a benchmark 30-year mortgage ticked down 13 basis points over the past week to 6.95 percent, slipping back under 7 percent but still 125 percent higher than at the same time last year, over 160 percent higher than last year’s all-time low, and below its... Read More »

Benchmark Mortgage Rate Surpasses 7 Percent

Benchmark Mortgage Rate Surpasses 7 Percent

Having hit a 20-year high of 6.92 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since ticked up another 16 basis points (0.16 percentage points) to 7.08 percent, an average rate which is 125 percent higher than at the same time last year, 167... Read More »

Benchmark Mortgage Rate Hits a 20-Year High

Benchmark Mortgage Rate Hits a 20-Year High

The average rate for a benchmark 30-year mortgage jumped another 26 basis points (0.26 percentage points) over the past week to 6.92 percent, an average rate which is now 128 percent higher than at the same time last year, 165 percent above last year’s all-time low, and the highest... Read More »

Mortgage Rates Rocket Across the Board

Mortgage Rates Rocket Across the Board

The average rate for a benchmark 30-year mortgage jumped another 41 basis points (0.41 percentage points) over the past week to 6.70 percent, an average rate which is 123 percent higher than at the same time last year, 153 percent above last year’s all-time low, and the highest average... Read More »