Benchmark Mortgage Rate Ending 2021 Up 44 Bips
The average rate for a benchmark 30-year mortgage inched up 6 basis points (0.06 percentage points) or bips over the past week to 3.11 percent, ending the year 44 basis…
Mortgage Rates Slip, Slated to Rise
With the Omicron surge rattling the market, driving bond yields down, the average rate for a benchmark 30-year mortgage slipped 7 basis points (0.07 percentage points) over the past week…
Benchmark Mortgage Rate Inches Up, Fed Positioning for a Hike
The average rate for a benchmark 30-year mortgage inched up 1 basis points (0.01 percentage points) over the past week to 3.11 percent, which is 40 basis points above its…
Benchmark Mortgage Rate Ticks Back Over 3 Percent
Having slipped back under 3 percent last week, the average rate for a benchmark 30-year mortgage has since ticked up 12 basis points (0.12 percentage points) to 3.10 percent, which…
Benchmark Mortgage Rate Inches Back Under 3 Percent
Having dropped 16 basis points (0.16 percentage points) over the past two weeks, the average rate for a benchmark 30-year mortgage has inched back down to 2.98 percent, which is…
Benchmark Mortgage Rate Inches Up, Nearing a 16-Month High
The average rate for a benchmark 30-year mortgage has inched up another 9 basis points over the past two weeks to 3.14 percent, which is the highest rate in six…
Mortgage Loan Application Volumes Drop
Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 6.3 percent on a seasonally adjusted basis over the past week and were down 6…
Mortgage Rates Inch Up, 30-Year Rate Hits a Six-Month High
Having jumped back over 3 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since inched up to 3.05 percent, which is a six-month high. And…
Benchmark Mortgage Rate Jumps Back Above 3 Percent
The average rate for a benchmark 30-year mortgage jumped 13 basis points (0.13 percentage points) over the past week to 3.01 percent. While 3.02 percent is still historically low, with…
Benchmark Mortgage Rate Inches Down
The average rate for a benchmark 30-year mortgage inched down 2 basis point (0.02 percentage points) over the past week to 2.86 percent, which is effectively even with the prevailing…