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Articles Recently Tagged: Mortgages

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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 »

Purchase Mortgage Activity Continues to Drop in the U.S.

Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped another 3 percent over the past week, or a combined 1.9 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association. As such, purchase mortgage activity in the U.S. is back to... 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 »

Purchase Mortgage Activity in the U.S. Drops

Mortgage loan application volume in the U.S. dropped 4 percent over the past week, or 3.9 percent on a seasonally adjusted basis, according to the Mortgage Bankers Association. While the drop was driven by a 5 percent decrease in refinancing activity, which was down 8 percent on a year-over-year... 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 »

Mortgage Rates Keep Inching Down, Another Record Low

Mortgage Rates Keep Inching Down, Another Record Low

The average rate for a benchmark 30-year mortgage inched down 3 basis points (0.03 percentage points) over the past week to 2.77 percent, which is 11 basis points below its mark at the same time last year and within 12 basis points of the all-time low rate of 2.65... Read More »

Purchase Mortgage Activity in the U.S. Down 18 Percent YOY

Mortgage loan application volume in the U.S. slipped 2 percent over the past week according to the Mortgage Bankers Association, and that’s despite the benchmark 30-year mortgage rate having dropped back under 3 percent and the 15-year rate having hit a new all-time low. And in fact, with both... Read More »

Pending Home Sales Slip Despite an Uptick in Inventory

Pending Home Sales Slip Despite an Uptick in Inventory

Having rebounded in May, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity dropped 1.9 percent in June to 112.8 and is down 1.9 percent on a year-over-year basis, a move which shouldn’t catch any plugged-in... Read More »

15-Year Mortgage Rate Drops to a New All-Time Low

15-Year Mortgage Rate Drops to a New All-Time Low

While the average rate for a benchmark 30-year mortgage inched up 2 basis points (0.02 percentage points) over the past week to 2.80 percent, it remains 19 basis pointsd below its mark at the same time last year and within 15 basis points of its all-time low rate of... Read More »

Mortgage Loan Application Volume in the U.S. Increases, But…

Mortgage loan application volume in the U.S. ticked up 6 percent over the past week, according to the Mortgage Bankers Association. But with the benchmark 30-year mortgage rate back under 3 percent and nearing its all-time low, the uptick was driven by applications to refinance. And in fact, while... Read More »