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 dropped 4.37 percent, the lowest rate in a year, according to Freddie Mac’s latest Mortgage Market Survey data. At... Read More »

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 November, has inched down another 4 basis points to a 10-month low of 4.41 percent, according to Freddie Mac’s... Read More »

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 adoption of any future hikes. Despite the Fed having previously signaled expectations for two rate hikes this year, traders... Read More »

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 holding at 4.45 percent, which is 30 basis points above its mark at the same time last year, according... Read More »

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 high of 4.94 percent it hit this past November and a 9-month low but still 46 basis points above... Read More »

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 past week, to 4.55 percent but remains 56 basis points above its mark at the same time last year,... Read More »

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 expectations for two more quarter-point increases in 2019, down from a previously expected three. The Fed dropped the benchmark... Read More »

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 the same time last year but represents a three-month low, according to Freddie Mac’s latest Mortgage Market Survey data.... Read More »

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 than at the same time last year and within 24 basis points of an eight-year high, according to Freddie... Read More »

Having slipped at the end of October, the average rate for a benchmark 30-year mortgage increased 11 basis points over the past week to 4.94 percent, which is 104 basis points (1.04 percentage points) above its mark at the same time last year, the highest average rate since the... Read More »