Articles Recently Tagged: Primary Mortgage Market Survey

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Mortgage Rates Drop, Probability of a Rate Hike: Zero

Mortgage Rates Drop, Probability of a Rate Hike: Zero

As we expected, the average rate for a 30-year mortgage dropped 9 basis points over the past week and now measures 3.69 percent, according to Freddie Mac’s latest Mortgage Market Survey. And as such, the 30-year rate is now 125 basis points (1.25 percentage points) below its mark at... Read More »

Mortgage Rates Inch up but Poised to Slip

Mortgage Rates Inch up but Poised to Slip

The average rate for a 30-year mortgage inched up another 3 basis points over the past week to 3.78 percent but remains 105 basis points (1.05 percentage points) below its mark at the same time last year, according to Freddie Mac’s latest Mortgage Market Survey. And while the average... Read More »

Mortgage Rates Tick Up, Rate Cut Nearly Certain

Mortgage Rates Tick Up, Rate Cut Nearly Certain

Having jumped 12 basis points last week, the average rate for a 30-year mortgage has since ticked up another 6 basis points and now measures 3.75 percent. That being said, the average 30-year rate remains 111 basis points (1.11 percentage points) below its mark at the same time last... Read More »

Mortgage Rates Rebound, Probability of a Rate Cut Hits 90 Percent

Mortgage Rates Rebound, Probability of a Rate Cut Hits 90 Percent

Having ticked down 16 basis points since mid-September, the average rate for a 30-year mortgage jumped 12 basis points over the past week and now measures 3.69 percent. That being said, the average 30-year rate remains 116 basis points (1.16 percentage points) below its mark at the same time... Read More »

Mortgage Rates Drop, Odds of a Rate Cut Rise

Mortgage Rates Drop, Odds of a Rate Cut Rise

Having jumped 17 basis points in mid-September, the average rate for a 30-year mortgage has since shed 16 basis points and dropped back down to 3.57 percent, which is 133 basis points, 1.33 percentage points or 27 percent below its mark at the same time last year (and within... Read More »

Mortgage Rates Retreat

Mortgage Rates Retreat

Having jumped 17 basis points last week, the average rate for a 30-year mortgage has since shed 9 basis points and now measures 3.64 percent, which is 108 basis points (1.08 percentage points) below its mark at the same time last year and back to within 23 basis points... Read More »

Mortgage Rates Jump

Mortgage Rates Jump

Having started to inch up last week, the average rate for a 30-year mortgage has since jumped another 17 basis to 3.73 percent but remains 92 basis points below its mark at the same time last year and within 32 basis points of a three/six-year low. At the same... Read More »

Mortgage Rates Inch Up

Mortgage Rates Inch Up

While the average rate for a 30-year mortgage inched up 7 basis points over the past week to 3.56 percent, it remains within 15 basis points of a three/six-year low and down 138 basis points (1.38 percentage points or roughly 28 percent) since the fourth quarter of last year.... Read More »

Benchmark Mortgage Rate Nearing a Six-Year Low

Benchmark Mortgage Rate Nearing a Six-Year Low

The average rate for a 30-year mortgage dropped 9 basis points over the past week to 3.49 percent, which is down 145 basis points (1.45 percentage points or 29.4 percent) since the fourth quarter of last year and is now within 8 basis points of both a three and... Read More »

Mortgage Rates Continue to Drop, Odds of an Easing Slip

Mortgage Rates Continue to Drop, Odds of an Easing Slip

The average rate for a 30-year mortgage dropped another 5 basis points over the past week to 3.55 percent, which is down 139 basis points (1.39 percentage points or 28.1 percent) since the fourth quarter of last year and within 13 basis points of a three-year low. At the... Read More »