Mortgage Rates Hold
The average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, but has since dropped 59 basis points, was unchanged over the…
Benchmark Mortgage Rate Drops to a One-Year Low, Fears Grow
The average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, shed another 4 basis points over the past week and has…
Benchmark Mortgage Rate Drops, Odds of Easing Emerge
Having dropped to a 9-month low at the beginning of the year, the average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past…
The Fed Signals Future Rate Hikes Are on Hold
In a move which shouldn’t catch any plugged-in readers by surprise, the Federal Reserve not only failed to raise interest rates today but signaled a more “patient” approach in its…
Benchmark Mortgage Rate Levels Off, Probability of a Hike Drops
Having dropped to a 9-month low two weeks ago, the average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, has been…
Mortgage Rates Drop to a 9-Month Low, Application Volume Jumps
Having shed 6 basis points over the past week, the average rate for a benchmark 30-year mortgage has dropped to 4.45 percent, which is 49 basis points below the 7-year…
Mortgage Rates End the Year Half a Point Higher
Having hit a 7-year high of 4.94 percent last month, the average rate for a benchmark 30-year mortgage has since dropped 39 basis points, including 7 basis points over the…
The Fed Raises Rates, Signals Two More Hikes in 2019
As projected, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 25 basis points to between 2.25 and 2.5 percent, while signaling…
Benchmark Mortgage Rate Drops to a Three-Month Low
The average rate for a benchmark 30-year mortgage has dropped 18 basis points over the past two weeks to 4.63 percent, which remains 70 basis points above its mark at…
Benchmark Mortgage Rate Holding, Odds of a Rate Hike Tick Up
Having dropped 13 basis points over the past two weeks, the average rate for a benchmark 30-year mortgage is now holding around 4.81 percent, which remains 91 basis points higher…