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Articles Recently Tagged: Rate Hike

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Mortgage Loan Application Volumes Inch Up, But…

Mortgage loan application volumes across the U.S. inched up 0.2 percent over the past week on a seasonally adjusted basis having dropped 6.9 percent the week before, with a 2 percent increase in purchase mortgage activity in the absolute, according to the Mortgage Bankers Association. That being said, purchase... Read More »

Mortgage Loan Application Volumes Drop

Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 6.9 percent on a seasonally adjusted basis over the past week and were down 7 percent in the absolute, according to the Mortgage Bankers Association. While the overall drop was driven by a 10... Read More »

Expectations for a Rate Hike Have Accelerated

Expectations for a Rate Hike Have Accelerated

Having cited an ongoing public health crisis (i.e., the pandemic) that “will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook” at the end of last year, the dot plot of Federal Open Market Committee (FOMC) participant’s... Read More »

The Fed Affirms: No Rate Hikes on the Horizon, Risks Loom

Citing an ongoing public health crisis (i.e., the pandemic) that “will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term,” the Federal has just reaffirmed its commitment to maintaining a low-rate environment, “until... Read More »

Benchmark Mortgage Rate Drops to an All-Time Low

Benchmark Mortgage Rate Drops to an All-Time Low

The average rate for a benchmark 30-year mortgage dropped 16 basis points over the past week to a new all-time low of 3.29 percent, according to Freddie Mac’s latest Mortgage Market Survey data and which shouldn’t have caught any plugged-in readers by surprise. At the same time, the average... Read More »

Benchmark Mortgage Rate Back Down to a 3-Year Low

Benchmark Mortgage Rate Back Down to a 3-Year Low

The average rate for a benchmark 30-year mortgage has dropped back down to the 3-year low of 3.45 percent it hit three weeks ago, which is within 14 basis points (0.14 percentage points) of the all-time low it hit in November of 2012 and 90 basis points below its... Read More »

Benchmark Mortgage Rate Inches Up, Odds of an Easing as Well

Benchmark Mortgage Rate Inches Up, Odds of an Easing as Well

Having dropped to a 3-year low two weeks ago, the average rate for a 30-year mortgage has since inched up 4 basis points to 3.49 percent but remains 86 basis points (0.86 percentage points) below its mark at the same time last year and within 0.18 percentage points of... Read More »

Benchmark Mortgage Rate Hits a 3-Year Low

Benchmark Mortgage Rate Hits a 3-Year Low

Having dropped another 6 basis points over the past week, the average rate for a 30-year mortgage is now down to 3.45 percent, which is 96 basis points (0.96 percentage points) below its mark at the same time last year and the lowest average rate since the fourth quarter... Read More »

Mortgage Rates Continue to Drop, Odds of Another Easing Jump

Mortgage Rates Continue to Drop, Odds of Another Easing Jump

The average rate for a 30-year mortgage dropped another 9 basis points over the past week to 3.51 percent, which is 95 basis points (0.95 percentage points) below its mark at the same time last year, the lowest average rate in five months, and within 11 basis points of... Read More »

Mortgage Rates Drop, Odds of a Cut Tick Up

Mortgage Rates Drop, Odds of a Cut Tick Up

The average rate for a 30-year mortgage has inched down another 4 basis points over the past two weeks to 3.60 percent, which is 85 basis points (0.85 percentage points) below its mark at the same time last year, a 15-week low and within 20 basis points of a... Read More »