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…
Mortgage Rates Rocket Across the Board
The average rate for a benchmark 30-year mortgage jumped another 41 basis points (0.41 percentage points) over the past week to 6.70 percent, an average rate which is 123 percent…
Average 30-Year Mortgage Rate Hits 6.29 Percent, Still Not “High”
Measured prior to yesterday’s announcement of another 75 basis point hike by the Fed, the average rate for a benchmark 30-year mortgage had already climbed another 27 basis points (0.27…
Average 30-Year Mortgage Rate Just Hit 6 Percent, Headed Up
Having already doubled over the past year, the average rate for a benchmark 30-year mortgage ticked up another 13 basis points (0.13 percentage points) over the past week to 6.02…
Sellers “Recalibrating” as Mortgage Rates Climb, Buying Wanes
The average rate for a benchmark 30-year mortgage ticked up another 11 basis points (0.11 percentage points) over the past week to 5.66 percent, an average rate which is now…
Benchmark Mortgage Rate Surges Back Over 5.5 Percent
Having dropped under 5 percent for the first time in four months three weeks ago, the average rate for a benchmark 30-year mortgage has since surged 56 basis points (0.56…
Benchmark Mortgage Rate Jumps Back Over 5 Percent
Having dropped under 5 percent for the first time in four months last week, driven by an “increased risk of a formal recession and declining consumer confidence overall,” the average…
Benchmark Mortgage Rate Plunges Back Under 5 Percent
Despite the Fed’s recent rate hikes, the average rate for a benchmark 30-year mortgage had plunged from 5.81 to 4.99 percent over the past six weeks, including a 31 basis…
Benchmark Mortgage Rate Drops Over Half a Point, But…
Having hit 5.81 percent two weeks ago, which was the highest average rate since November of 2008 and above-average over the past 30 years, the average rate for a benchmark…
Benchmark Mortgage Rate Crosses Its 30 Year Average
Having inched up another 3 basis points (0.03 percentage points) over the past week to 5.81 percent, which is the highest average 30-year mortgage rate since November of 2008, the…