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Articles Recently Tagged: Mortgage Rates

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Benchmark Mortgage Rate Slips, Only 31 Percent Higher YOY

Benchmark Mortgage Rate Slips, Only 31 Percent Higher YOY

Having jumped nearly 30 percent over the past two months, the average rate for a benchmark 30-year mortgage pulled back 3 basis points (0.03 percentage points) over the past week for an average rate of 3.89 percent, which is 92 basis points, or 31 percent, higher than at the... Read More »

Benchmark Mortgage Rate Just Jumped to a 2-Year High

Benchmark Mortgage Rate Just Jumped to a 2-Year High

The average rate for a benchmark 30-year mortgage jumped 14 basis points (0.14 percentage points) over the past week to 3.69 percent, which is nearly a full percentage point (96 basis points) higher than at the same time last year and the highest average rate since January 2, 2020.... Read More »

Benchmark Mortgage Rate Holding Near a 2-Year High

Benchmark Mortgage Rate Holding Near a 2-Year High

The average rate for a benchmark 30-year mortgage inched down one (1) basis points (0.01 percentage points) over the past week to 3.55 percent, which is 78 basis points percent higher than at the same time last year and within 10 basis points of a 2-year high. At the... Read More »

Benchmark Mortgage Rate Keeps Climbing, Nearing a 2-Year High

Benchmark Mortgage Rate Keeps Climbing, Nearing a 2-Year High

Having hit a 22-month high last week, the average rate for a benchmark 30-year mortgage has since ticked up another 11 basis points (0.11 percentage points) to 3.56 percent, which is 77 basis points or nearly 30 percent higher than at the same time last year and within 9... Read More »

Benchmark Mortgage Rate Jumps to a 22-Month High

Benchmark Mortgage Rate Jumps to a 22-Month High

In a move which shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage jumped 23 basis points (0.23 percentage points) over the past week to 3.45 percent, which is 80 basis points or 30 percent higher than at the same time last year... Read More »

Benchmark Mortgage Rate Hits a 20-Month High

Benchmark Mortgage Rate Hits a 20-Month High

The average rate for a benchmark 30-year mortgage ticked up 11 basis points (0.11 percentage points) over the past week to 3.22 percent, which is 55 basis points higher than at the same time last year and the highest average rate in twenty months with the heightened specter of... Read More »

Benchmark Mortgage Rate Ending 2021 Up 44 Bips

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 points higher than at the end of 2020 and 46 basis points above its all-time low of 2.65 percent... Read More »

Mortgage Rates Slip, Slated to Rise

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 to 3.05 percent, which is 39 basis points above its mark at the same time last year but still... Read More »

Benchmark Mortgage Rate Inches Up, Fed Positioning for a Hike

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 mark at the same time last year. As such, the average 30-year rate is now 46 basis points above... Read More »

Benchmark Mortgage Rate Ticks Back Over 3 Percent

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 is 38 basis points above its mark at the same time last year and shouldn’t have caught any plugged-in... Read More »