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Articles Recently Tagged: Mortgage Rates

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Benchmark Mortgage Rate Inches Back Under 3 Percent

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 14 basis points above its mark at the same time last year but within 33 basis points of its... Read More »

Benchmark Mortgage Rate Inches Up, Nearing a 16-Month High

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 months and within 5 basis points of a 16-month high. While 3.14 percent is still a historically low rate,... Read More »

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 percent in the absolute, including a 7 percent drop in refinancing activity and a 5 percent drop in applications... Read More »

Mortgage Rates Inch Up, 30-Year Rate Hits a Six-Month High

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 while 3.05 percent is still historically low, with the 30-year rate having averaged closer to 6 percent over the... Read More »

Benchmark Mortgage Rate Jumps Back Above 3 Percent

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 the 30-year rate having averaged 5.84 percent over the past 30 years, that’s 13 basis points above the average... Read More »

Benchmark Mortgage Rate Inches Down

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 average rate at the same time last year (2.87 percent) and within 21 basis points of its all-time low.... Read More »

Mortgage Rates Are Holding, Application Volumes Have Dropped

Mortgage Rates Are Holding, Application Volumes Have Dropped

The average rate for a benchmark 30-year mortgage has inched up a total of 1 basis point (0.01 percentage point) over the past two weeks to 2.88 percent, which is only 2 basis points above the benchmark rate at the same time last year and within 22 basis points... Read More »

Pending Home Sales Drop, Inventory Ticking Up

Pending Home Sales Drop, Inventory Ticking Up

Having dropped 1.9 percent in June, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 1.8 percent in July to 110.7 and is now down 8.5 percent on a year-over-year basis, a sharp reversal... Read More »

Mortgage Rates Holding Near Record Lows

Mortgage Rates Holding Near Record Lows

The average rate for a benchmark 30-year mortgage, which inched up 10 basis points (0.10 percentage points) two weeks ago, has effectively held at 2.87 percent, which is 4 basis points below its mark at the same time last year and within 21 basis points of its all-time low.... Read More »

Mortgage Rates Inch Up from Record Lows

Mortgage Rates Inch Up from Record Lows

The average rate for a benchmark 30-year mortgage inched up 10 basis points (0.10 percentage points) over the past week to 2.87 percent, which is still 9 basis points lower than at the same time last year and within 21 basis points of its all-time low. At the same... Read More »