Articles Recently Tagged: Mortgages

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Benchmark Mortgage Rate Nearing an Unprecedented Mark

Benchmark Mortgage Rate Nearing an Unprecedented Mark

The average rate for a benchmark 30-year mortgage dropped another 6 basis points (0.06 percentage points) over the past week to 3.07 percent.  That’s a new all-time low for the average 30-year rate, 68 basis points below the average rate at the same time last year, and within 8... Read More »

Benchmark Mortgage Rate Drops to a New All-Time Low

Benchmark Mortgage Rate Drops to a New All-Time Low

As we noted last week, while the average rate for a benchmark 30-year mortgage had inched up to 3.21 percent, there weren’t any hikes on the horizon. And in fact, the average 30-year rate has since dropped 8 basis points (0.08 percentage points) to 3.13 percent, which is 71... Read More »

Benchmark Mortgage Rate Inches Up, No Hikes on the Horizon

Benchmark Mortgage Rate Inches Up, No Hikes on the Horizon

Having dropped to an all-time low of 3.15 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since inched up 6 basis points (0.06 percentage points) to 3.21 percent but remains 61 basis points below its mark at the same time last year and nearly... Read More »

Benchmark Mortgage Rate Drops to a New All-Time Low

Benchmark Mortgage Rate Drops to a New All-Time Low

Having inched down last week, the average rate for a benchmark 30-year mortgage has since shed another 9 basis points (0.09 percentage points) to 3.15 percent which is 8 basis points below its previous all-time low of 3.23 percent and 84 basis points below its mark at the same... Read More »

Benchmark Mortgage Rate Hovering Around 4.5 Percent

Benchmark Mortgage Rate Hovering Around 4.5 Percent

Having bounced around a narrow 15 basis point band over the past four months, the average rate for a benchmark 30-year mortgage has been hovering around 4.5 percent over the past couple of weeks, which is 70 basis points above its 3.82 percent average rate at same time last... Read More »

Mortgage Rates Inch up along with Probability of Next Rate Hike

Mortgage Rates Inch up along with Probability of Next Rate Hike

The average rate for a benchmark 30-year mortgage inched up a single (1) basis points over the past week to 4.53 percent, which is 50 basis points higher on a year-over-year basis and within 13 basis points of its seven-year high of 4.66 percent which it hit in May,... Read More »

Mortgage Rates Ticked Up Prior to Yesterday’s Rate Hike

Mortgage Rates Ticked Up Prior to Yesterday’s Rate Hike

While measured prior to the Fed’s announcement yesterday, the average rate for a benchmark 30-year mortgage had ticked up 8 basis points over the past week to 4.62 percent, which is 71 basis points above its average rate of 3.91 percent at the same time last year and within... Read More »

Mortgage Rates Slip along with the Odds of a Rate Hike in June

Mortgage Rates Slip along with the Odds of a Rate Hike in June

Having ticked up to a 7-year high, the average rate for a benchmark 30-year mortgage slipped 10 basis points over the past week to 4.56 percent but remains 62 basis points above its average rate of 3.94 percent at the same time last year, according to Freddie Mac’s latest... Read More »

Mortgage Rates Move Higher, Odds of a Rate Hike Slip

Mortgage Rates Move Higher, Odds of a Rate Hike Slip

Having hit a 7-year high last week, the average rate for a benchmark 30-year mortgage has ticked up another 5 basis points to 4.66 percent, which is 71 basis points above its mark of 3.95 percent at the same time last year and the highest average rate since May... Read More »

Mortgage Rates Hit Seven-Year Highs, Odds of a Rate Hike Hold

Mortgage Rates Hit Seven-Year Highs, Odds of a Rate Hike Hold

Having ticked up 6 basis points over the past week, the average rate for a benchmark 30-year mortgage now measures 4.61 percent, which is 59 basis points higher than the 4.02 percent rate in place at the same time last year and the highest average rate since May of... Read More »