Benchmark Mortgage Rate Drops to One-Year Low
The average rate for a benchmark 30-year loan has dropped to 3.59 percent, down 12 basis points over the past week to the lowest rate in over a year and…
Benchmark Mortgage Rate Nearing Three-Year Low
The average rate for a benchmark 30-year loan dropped to 3.62 percent over the past week and is within 3 basis points (0.03) of its lowest rate since mid-2013 as…
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 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 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…
Bank Will No Longer Knowingly Finance Ellis Actors
Facing protests over their role in providing “displacement mortgages” to those who buy tenant-occupied buildings and then invoke the Ellis Act in order to flip the property or occupy it…
Little Movement In 30-Year Mortgage Rate
The average rate for a conforming 30-year fixed-rate mortgage ticked up a nominal 2 basis points, from 4.10 percent to 4.12 percent, over the past week. With little movement over…
Benchmark Mortgage Rate Drops To Ten-Month Low
The average rate for a conforming 30-year fixed-rate mortgage has ticked down to 4.10 percent, the lowest rate since October of 2013 when it last dipped to 4.10 percent for…
30-Year Mortgage Rate Drops To 2014 Low
The average rate for a conforming 30-year mortgage ticked down to 4.12 percent over the past week, matching the 2014 low last recorded in May and the lowest rate since…