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Articles Recently Tagged: Primary Mortgage Market Survey

(230 posts)
Benchmark Mortgage Rate Poised to Slip Under 6 Percent, But…

Benchmark Mortgage Rate Poised to Slip Under 6 Percent, But…

The average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage points) over the past week to 6.09 percent and is currently poised to slip back under 6 percent next week with the 10-year treasury rate having ticked down around 10 basis points following... Read More »

Benchmark Mortgage Rate Drops to a 4-Month Low, But…

Benchmark Mortgage Rate Drops to a 4-Month Low, But…

The average rate for a benchmark 30-year mortgage dropped 18 basis points (0.18 percentage points) over the past week to 6.15 percent, which is the lowest average rate in fourth months but still 250 basis points, or 73 percent, higher than at the same time last year; over 350... Read More »

Mortgage Rates Inch Up, Odds of More Rate Hikes As Well

Mortgage Rates Inch Up, Odds of More Rate Hikes As Well

While mortgage application volume dropped to a quarter century low at the end of 2022, despite a pullback in mortgage rates in the fourth quarter of last year, the average rate for a benchmark 30-year mortgage has since inched up another 6 basis points (0.06 percentage points) to 6.48... Read More »

Benchmark Mortgage Rate Inches Down, But…

Benchmark Mortgage Rate Inches Down, But…

The average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage points) over the past week to 6.27 percent but remains 106 percent higher than it was at the same time last year and 137 percent higher than last year’s all-time low of 2.65... Read More »

Homebuyer Sentiment Remains Low Despite Drop in Rates

Homebuyer Sentiment Remains Low Despite Drop in Rates

As expected, the average rate for a benchmark 30-year mortgage dropped another 16 basis points (0.16 percentage points) over the past week to 6.33 percent but remains over twice as high as it was at the same time last year and 139 percent higher than last year’s all-time low... Read More »

Benchmark Mortgage Rate Drops to 6.49 Percent, But…

Benchmark Mortgage Rate Drops to 6.49 Percent, But…

The average rate for a benchmark 30-year mortgage ticked down 9 basis points (0.09 percentage points) over the past week to 6.49 percent, which is only 109 percent higher than at the same time last year and 145 percent higher than last year’s all-time low of 2.65 percent. That... Read More »

Benchmark Mortgage Rate Ticks Back Over 7 Percent

Benchmark Mortgage Rate Ticks Back Over 7 Percent

While the average rate for a benchmark 30-year mortgage had slipped back under 7 percent last week, said average had been compiled prior to last week’s rate hike by the Fed. And while the majority of the latest rate hike appeared to have been priced-in to last week’s rates,... Read More »

Benchmark Mortgage Rate Slipped Under 7 Percent, But…

Benchmark Mortgage Rate Slipped Under 7 Percent, But…

The average rate for a benchmark 30-year mortgage ticked down 13 basis points over the past week to 6.95 percent, slipping back under 7 percent but still 125 percent higher than at the same time last year, over 160 percent higher than last year’s all-time low, and below its... Read More »

Benchmark Mortgage Rate Surpasses 7 Percent

Benchmark Mortgage Rate Surpasses 7 Percent

Having hit a 20-year high of 6.92 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since ticked up another 16 basis points (0.16 percentage points) to 7.08 percent, an average rate which is 125 percent higher than at the same time last year, 167... Read More »

Benchmark Mortgage Rate Hits a 20-Year High

Benchmark Mortgage Rate Hits a 20-Year High

The average rate for a benchmark 30-year mortgage jumped another 26 basis points (0.26 percentage points) over the past week to 6.92 percent, an average rate which is now 128 percent higher than at the same time last year, 165 percent above last year’s all-time low, and the highest... Read More »