Benchmark Mortgage Drops to One-Year Low, Odds of a Hike: Nil
Mortgage rates have dropped for the sixth week in a row and the average rate for a benchmark 30-year loan has dropped to 3.65 percent, matching its one-year low and…
Mortgage Rate Drops to Nine-Month Low, Odds of a Hike Near Nil
Having slipped below 4 percent four weeks ago, the average rate for the benchmark 30-year mortgage dropped to 3.72 percent over the past week as concern about a global slowdown…
Benchmark Mortgage Rate Drops to Three-Month Low
Having slipped below 4 percent two weeks ago, the average rate for the benchmark 30-year mortgage dropped to 3.81 percent over the past week “as concern about a global slowdown…
Mortgage Rates Drop on Market Weakness
Having slipped below 4 percent last week, the average rate for a benchmark 30-year mortgage has dropped another 5 basis points to 3.92 percent as concern about a global slowdown…
Benchmark Mortgage Rate Dips on China’s Market Chaos
With China’s stock market rout rattling the markets near and far, and a subsequent flight to quality driving the 10-year Treasury yield down, the average rate for a benchmark 30-year…
Benchmark Mortgage Rate Back above 4 Percent and Forecast to Rise
For the first time in five months and following a post rate hike slip, the average rate for the benchmark 30-year mortgage is back above 4 percent having ticked up…
Benchmark Mortgage Rate Drops following First Rate Hike
With the 10-year treasury yield trading down following the Fed’s first rate hike in nearly a decade, we were expecting the average 30-year mortgage rate to drop rather than rise.…
Mortgage Rates on the Move…Down?
While the average rate for a 30-year mortgage ticked up 2 basis points over the past week to 3.97 percent, the 10-year Treasury yield, which typically drives mortgage rates, is…
The Fed Institutes a Rate Hike, Signals Four More in 2016
As predicted, the Federal Reserve has just raised interest rates for the first time since 2006, upping the target federal funds rate by 0.25 percent and signaling expectations for another…
Mortgage Rates Tick Up along with the Odds of a Rate Hike
With the probability of a Fed Funds rate hike next week up to 85 percent, according to an analysis of the futures market, the rate for a conforming 30-year mortgage…