Benchmark Mortgage Rate Drops Below 4 Percent
The average rate for a benchmark 30-year mortgage has dropped below 4 percent for the first time since November, shedding 11 basis points over the past week and 33 basis…
Benchmark Mortgage Rate Drops to Its Lowest Mark This Year
Having hit 4.30 percent four weeks ago with the probability of the Fed’s second rate hike already priced-in, the average rate for a benchmark 30-year mortgage has since dropped to…
Benchmark Mortgage Rate Drops to 4.14%
Having ticked up to 4.30 percent two weeks ago with the probability of the Fed’s second rate hike already priced-in, the average rate for a benchmark 30-year mortgage has since…
Mortgage Rates Near a Three-Year High
Measured prior to the Fed’s rate hike yesterday but with the probability already priced in, the average rate for a benchmark 30-year mortgage ticked up another 9 basis points over…
The Fed Institutes a Rate Hike, Signals Two More This Year
As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target by 0.25 percent (25 basis points) and signaling expectations for another two quarter-point increases…
Mortgage Rates Return to 2017 Highs, Odds of a Rate Hike Rockets
The average rate for a benchmark 30-year mortgage ticked up 5 basis points over the past two weeks, an 11 point jump over the past seven days, and is back…
Mortgage Rates Hold, Probability of a Hike in May
Having jumped 62 basis points over the past four months to 4.16 percent today, which is 54 basis points above the 3.62 rate in place at the same time last…
Mortgage Rates Move up along with the Odds of a June Hike
Ending a three-week slide, the average rate for a benchmark 30-year mortgage ticked up 10 basis points over the past week to 4.19 percent and is now running 40 basis…
Mortgage Rates Slip, Odds of a Hike in June
The average rate for a benchmark 30-year mortgage has slipped 8 basis points over the past week to 4.12 percent. While the average remains 20 basis points above the 3.92…
Benchmark Mortgage Rate Dips but Begins the Year above 4 Percent
Having hit a 32-month high at the end of 2016, the average rate for a benchmark 30-year mortgage slipped 12 basis points over the past week to start the year…