Articles Recently Tagged: Primary Mortgage Market Survey

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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 »

Mortgage Rates Holding Near All-Time Lows

Mortgage Rates Holding Near All-Time Lows

While the average rate for a benchmark 30-year mortgage has inched up 5 basis points (0.05 percentage points) over the past two weeks to 3.28 percent, it’s effectively holding around its all-time low of 3.23 percent and remains 79 basis points below its mark at the same time last... Read More »

Benchmark Mortgage Rate Drops to an All-Time Low

Benchmark Mortgage Rate Drops to an All-Time Low

Having inched up last week, the average rate for a benchmark 30-year mortgage has since dropped 10 basis points (0.10 percentage points) and now measures 3.23 percent, which 91 basis points below its mark at the same time last year and a new all-time low by 6 basis points,... Read More »

Benchmark Mortgage Rate Inches Up, Short-Term Rate Slips

Benchmark Mortgage Rate Inches Up, Short-Term Rate Slips

Having inched down to within 2 basis points (0.02 percentage points) of an all-time low last week, the average rate for a benchmark 30-year mortgage has since inched back up 2 basis points to 3.33 percent, which is still 87 basis points (0.87 percentage points) below its mark at... Read More »

Benchmark Mortgage Rate Inches Down to a Near-Record Low

Benchmark Mortgage Rate Inches Down to a Near-Record Low

The average rate for a benchmark 30-year mortgage inched down another 2 basis points over the past week to 3.31 percent, which is 86 basis points (0.86 percentage points) below its mark at the same time last year and within 2 basis points of an all-time low, according to... Read More »

Benchmark Mortgage Rate Holding Near an All-Time Low

Benchmark Mortgage Rate Holding Near an All-Time Low

Having dropped 32 basis points (0.32 percentage points) since mid-March, the average rate for a benchmark 30-year mortgage is now holding at 3.33 percent, which is 79 basis points below its mark at the same time last year and within 4 basis points of its all-time low, according to... Read More »

First 30-Year Rate “Inversion” Since 2009

First 30-Year Rate “Inversion” Since 2009

In a move which shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage has dropped another 17 basis points over the past week for an average rate of 3.33 percent, which is now 75 basis points (0.75 percent) below its mark at the... Read More »