Benchmark Mortgage Rate Ticks Up to 3.96%
Having held relatively steady since the Fed’s rate hike a few weeks ago, the average rate for a benchmark 30-year mortgage ticked up 8 basis points over the past week…
Benchmark Mortgage Rate Holds Post Hike
With the probability of the Fed’s rate hike last week already priced in, the average rate for a benchmark 30-year mortgage barely moved over the past seven days, dropping one…
The Fed Raises Rates, Signals Another Hike This Year
As predicted, the Federal Reserve just raised the benchmark Federal Funds rate, upping its target range by 0.25 percent (25 basis points) and signaling expectations for another quarter-point increase by…
Benchmark Mortgage Rate Back Below 4 Percent
The average rate for a benchmark 30-year mortgage has dropped to 3.95 percent, the lowest average rate this year and 35 basis points below the 4.30 percent rate in place…
Benchmark Mortgage Rate Holding Around 4 Percent
Having briefly dipped below 4 percent two weeks ago, the average rate for a benchmark 30-year mortgage has inched back up to 4.02 percent. While that’s 41 basis points above…
Benchmark Mortgage Rate Drops Below 4 Percent
The average rate for a benchmark 30-year mortgage has dropped below 4 percent for the first time since November, shedding 11 basis points over the past week and 33 basis…
Benchmark Mortgage Rate Drops to Its Lowest Mark This Year
Having hit 4.30 percent four weeks ago with the probability of the Fed’s second rate hike already priced-in, the average rate for a benchmark 30-year mortgage has since dropped to…
Benchmark Mortgage Rate Drops to 4.14%
Having ticked up to 4.30 percent two weeks ago with the probability of the Fed’s second rate hike already priced-in, the average rate for a benchmark 30-year mortgage has since…
The Fed Institutes a Rate Hike, Signals Two More This Year
As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target by 0.25 percent (25 basis points) and signaling expectations for another two quarter-point increases…
Mortgage Rates Return to 2017 Highs, Odds of a Rate Hike Rockets
The average rate for a benchmark 30-year mortgage ticked up 5 basis points over the past two weeks, an 11 point jump over the past seven days, and is back…