Articles Recently Tagged: Mortgage Rates

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The Fed Just Cut Rates, Again

As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the second such cut this year. Having dropped its benchmark rate a total of 5 percentage points between August of 2007 and the end of 2008, a move which... Read More »

Home Sales Activity in San Francisco Remains Down

While the number of homes listed for sale in San Francisco just hit an 8-year seasonal high, pending home sales activity in the city remains down. In fact, despite a significant drop in mortgage rates over the same period of time, and both the DJIA and S&P 500 currently... Read More »

Mortgage Rates Inch Up

Mortgage Rates Inch Up

While the average rate for a 30-year mortgage inched up 7 basis points over the past week to 3.56 percent, it remains within 15 basis points of a three/six-year low and down 138 basis points (1.38 percentage points or roughly 28 percent) since the fourth quarter of last year.... Read More »

Pending Home Sales in San Francisco Are Really Down

As we noted last week, the year-to-date pace of completed home sales in San Francisco is currently running at an 8-year low. And in addition to being down over 10 percent versus the same time last year, despite a significant drop in mortgage rates over the same period of... Read More »

Benchmark Mortgage Rate Nearing a Six-Year Low

Benchmark Mortgage Rate Nearing a Six-Year Low

The average rate for a 30-year mortgage dropped 9 basis points over the past week to 3.49 percent, which is down 145 basis points (1.45 percentage points or 29.4 percent) since the fourth quarter of last year and is now within 8 basis points of both a three and... Read More »

Mortgage Rates Continue to Drop, Odds of an Easing Slip

Mortgage Rates Continue to Drop, Odds of an Easing Slip

The average rate for a 30-year mortgage dropped another 5 basis points over the past week to 3.55 percent, which is down 139 basis points (1.39 percentage points or 28.1 percent) since the fourth quarter of last year and within 13 basis points of a three-year low. At the... Read More »

Benchmark Mortgage Rate Drops to a Near 3-Year Low

Benchmark Mortgage Rate Drops to a Near 3-Year Low

On the heels of the Fed having eased rates last week, the average rate for a 30-year mortgage has dropped 15 basis points to 3.60 percent, which is now 134 basis points (1.34 percentage points) below its mark in the fourth quarter of last year and within 18 basis... Read More »

Mortgage Rates Slip, Odds of an Easing Hold

Mortgage Rates Slip, Odds of an Easing Hold

Having inched up to 3.81 percent last week, the average rate for a 30-year mortgage has dropped back down to 3.75 percent, which is 119 basis points (1.19 percentage points) below its mark in the fourth quarter of last year and within 30 basis points of a three-year low.... Read More »

Mortgage Rates Inch up Along With the Odds of an Earlier Easing

Mortgage Rates Inch up Along With the Odds of an Earlier Easing

Having dropped to 3.73 percent at the end of last month and bouncing around a 32-month low, the average rate for a 30-year mortgage inched up 6 basis points over the past week to 3.81 percent but remains 113 basis points (1.13 percentage points) below its mark in the... Read More »

Benchmark Mortgage Rate Holding at a 32-Month Low

Benchmark Mortgage Rate Holding at a 32-Month Low

The average rate for a 30-year mortgage has been holding at around 3.75 percent over the past two weeks, which is down 119 basis points (1.19 percentage points) since the fourth quarter of last year, down 78 basis points on a year-over-year basis and is effectively the lowest 30-year... Read More »