Articles Recently Tagged: Primary Mortgage Market Survey

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Benchmark Mortgage Rate Nearing a 10-Month High

Benchmark Mortgage Rate Nearing a 10-Month High

The average rate for a benchmark 30-year mortgage, which inched over 3 percent for the first time since last July earlier this month, inched up another 8 basis points (0.08 percentage points) over the past week to 3.17 percent and is nearing a 10-month high. That being said, the... Read More »

Mortgage Rates Continue to Inch Up

Mortgage Rates Continue to Inch Up

While the Fed has just affirmed its intentions to maintain a low rate environment through 2023, the average rate for a benchmark 30-year mortgage, which inched over 3 percent for the first time in seven months two weeks ago, inched up another 4 basis points (0.04 percentage points) over the... Read More »

Mortgage Rates Inch Up

Mortgage Rates Inch Up

Having inched over 3 percent for the first time in seven months last week, the average rate for a benchmark 30-year mortgage has since inched up another 3 basis points (0.03 percentage points) to 3.05 percent. That being said, the average 30-year rate is still 31 basis points below... Read More »

Benchmark Mortgage Rate Inches Over 3 Percent

Benchmark Mortgage Rate Inches Over 3 Percent

Having jumped 16 basis points (0.16 percentage points) last week, the average rate for a benchmark 30-year mortgage has since inched up another 5 basis points to 3.02 percent, which is the highest average rate in a little over seven months. That being said, the average 30-year rate is... Read More »

Benchmark Mortgage Rate Hits a Six-Month High

Benchmark Mortgage Rate Hits a Six-Month High

Having inched up 8 basis points (0.08 percentage point) to a three-month high last week, the average rate for a benchmark 30-year mortgage has since jumped another 16 basis points to 2.97 percent, which is the highest average rate in six months. That being said, the average 30-year rate... Read More »

Benchmark Mortgage Rate Hits a “Three-Month High”

Benchmark Mortgage Rate Hits a “Three-Month High”

Having held at 2.73 percent for a couple of weeks, the average rate for a benchmark 30-year mortgage has since inched up 8 basis points to 2.81 percent. And while that’s the “highest average rate since mid-November,” it’s still 68 basis points below its mark at the same time... Read More »

Benchmark Mortgage Rate Inches Down, Short-Term Rate Drops

Benchmark Mortgage Rate Inches Down, Short-Term Rate Drops

Having ticked up to 2.79 percent from an all-time low of 2.65 percent three weeks ago, the average rate for a benchmark 30-year mortgage has since inched back down to 2.73 percent which is 78 basis points, or over 20 percent, below its mark at the same time last... Read More »

Benchmark Mortgage Rate Ticks Up, Short-Term Rate Jumps

Benchmark Mortgage Rate Ticks Up, Short-Term Rate Jumps

Having dropped to a new all-time low last week, the average rate for a benchmark 30-year mortgage has since ticked up 14 basis points (0.14 percentage points) to 2.79 percent but remains 86 basis points, or nearly 24 percent, below its mark at the same time last year and... Read More »

Benchmark Mortgage Rate Dropped Nearly 30 Percent This Year

Benchmark Mortgage Rate Dropped Nearly 30 Percent This Year

While the average rate for a benchmark 30-year mortgage inched up one (1) basis point over the past week from an all-time low of 2.66 to 2.67 percent, it’s ending the year 105 basis points – or nearly 30 percent – lower than where it started, having recorded 15... Read More »

Yes, Mortgage Rates Just Dropped to New All-Time Lows (Again)

Yes, Mortgage Rates Just Dropped to New All-Time Lows (Again)

Having held at a record-low rate of 2.71 percent last week, the average rate for a benchmark 30-year mortgage has since inched down another 4 basis points (0.04 percentage points) to 2.67 percent, which is over a full percentage point (107 basis points) lower than the historically-low rate of... Read More »