Benchmark Mortgage Rate Jumps to a Six-Month High
The average rate for a benchmark 30-year mortgage has jumped 40 basis points (0.40 percentage point) over the past two weeks to 6.79 percent, which is 170 basis points and…
Homebuying Activity Down Over 30 Percent, Keeps Dropping
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped another 4 percent over the past week in the absolute, and 3…
Homebuying Activity Continues to Drop, Down 30 Percent YOY
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped another 5 percent over the past week in the absolute and 4…
Mortgage Rates Inch Back Up, Odds of an Easing Down
The average rate for a benchmark 30-year mortgage inched back up 4 basis points (0.04 percentage point) over the past week to 6.39 percent, which is 114 basis points and…
Homebuying Activity Drops, Risk Premium on the Rise
The number of applications to secure a purchase mortgage loan for an existing home in the U.S. dropped 5 percent over the past week on both an absolute and seasonally…
Mortgage Rates Inch Down, Probability of an Easing Slips
As projected, the average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage point) over the past week to 6.35 percent but remains 20 percent…
Mortgage Credit Availability Back Down to a Decade Low
Having inched up 0.4 percent in March, mortgage credit availability, as indexed by the Mortgage Bankers Association, slipped 0.9 percent in April and is back to its lowest level since…
Benchmark Mortgage Rate Slips, Poised to Drop. But…
Measured prior to yesterday’s quarter point hike by the fed, the average rate for a benchmark 30-year mortgage had inched back down 4 basis points (0.04 percentage point) over the…
Rents in S.F. Holding Below Pre-Pandemic Levels, Availability Up
The weighted average asking rent for an apartment in San Francisco was unchanged over the past month, holding at around $3,600, which is 5 percent higher than at the same…
Benchmark Mortgage Rate Ticks Up, Odds of a Hike as Well
The average rate for a benchmark 30-year mortgage ticked up, not down, 12 basis points (0.12 percentage point) over the past week to 6.39 percent. As such, the average 30-year…