Prepare for Multiple Rate Hikes in 2022
With “supply and demand imbalances related to the pandemic and the reopening of the economy” having “continued to contribute to elevated levels of inflation,” which has been rattling the market,…
Benchmark Mortgage Rate Inches Up, Fed Positioning for a Hike
The average rate for a benchmark 30-year mortgage inched up 1 basis points (0.01 percentage points) over the past week to 3.11 percent, which is 40 basis points above its…
Benchmark Mortgage Rate Ticks Back Over 3 Percent
Having slipped back under 3 percent last week, the average rate for a benchmark 30-year mortgage has since ticked up 12 basis points (0.12 percentage points) to 3.10 percent, which…
Benchmark Mortgage Rate Inches Back Under 3 Percent
Having dropped 16 basis points (0.16 percentage points) over the past two weeks, the average rate for a benchmark 30-year mortgage has inched back down to 2.98 percent, which is…
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…
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…
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 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…
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…
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…