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Articles Recently Tagged: Primary Mortgage Market Survey

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Benchmark Mortgage Rate Inches Up, Short-Term Rate Holds

Benchmark Mortgage Rate Inches Up, Short-Term Rate Holds

The average rate for a benchmark 30-year mortgage inched up 6 basis points (0.06 percentage points) over the past week to 3.00 percent but is still 24 basis points below its mark at the same time last year, 18 basis points lower than at the beginning April, and within... Read More »

Benchmark Mortgage Rate Inches Down, Short-Term Rate Drops

Benchmark Mortgage Rate Inches Down, Short-Term Rate Drops

The average rate for a benchmark 30-year mortgage inched down another 2 basis points (0.02 percentage points) over the past week to 2.94 percent, which is 34 basis points below its mark at the same time last year, down 24 basis points over the past six weeks, and back... Read More »

Benchmark Mortgage Rate Inches Down to 2.96 Percent

Benchmark Mortgage Rate Inches Down to 2.96 Percent

Despite concerns that Treasury Secretary Janet Yellen’s recent comments hinted at the need for the Fed to raise rates sooner rather than later, in order to keep the economy from “overheating,” the average rate for a benchmark 30-year mortgage inched back down 2 basis points (0.02 percentage points) over... Read More »

Benchmark Mortgage Rate Back Under 3 Percent

Benchmark Mortgage Rate Back Under 3 Percent

Having inched down another 7 basis points over the past week, the average rate for a benchmark 30-year mortgage has dropped to 2.97 percent, which is 36 basis points below its mark at the same time last year, down 21 basis points this month alone, and back to within... Read More »

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 »