Articles Recently Tagged: Rate Inversion

(14 posts)
Benchmark Mortgage Rate Drops to a Near 3-Year Low

Benchmark Mortgage Rate Drops to a Near 3-Year Low

On the heels of the Fed having eased rates last week, the average rate for a 30-year mortgage has dropped 15 basis points to 3.60 percent, which is now 134 basis points (1.34 percentage points) below its mark in the fourth quarter of last year and within 18 basis... Read More »

Mortgage Rates Slip, Odds of an Easing Hold

Mortgage Rates Slip, Odds of an Easing Hold

Having inched up to 3.81 percent last week, the average rate for a 30-year mortgage has dropped back down to 3.75 percent, which is 119 basis points (1.19 percentage points) below its mark in the fourth quarter of last year and within 30 basis points of a three-year low.... Read More »

Mortgage Rates Inch up Along With the Odds of an Earlier Easing

Mortgage Rates Inch up Along With the Odds of an Earlier Easing

Having dropped to 3.73 percent at the end of last month and bouncing around a 32-month low, the average rate for a 30-year mortgage inched up 6 basis points over the past week to 3.81 percent but remains 113 basis points (1.13 percentage points) below its mark in the... Read More »

Benchmark Mortgage Rate Holding at a 32-Month Low

Benchmark Mortgage Rate Holding at a 32-Month Low

The average rate for a 30-year mortgage has been holding at around 3.75 percent over the past two weeks, which is down 119 basis points (1.19 percentage points) since the fourth quarter of last year, down 78 basis points on a year-over-year basis and is effectively the lowest 30-year... Read More »

Mortgage Rates Hover Near Two-Year Lows, Primed to Drop

Mortgage Rates Hover Near Two-Year Lows, Primed to Drop

While the average rate for a 30-year mortgage was unchanged over the past week, holding near a two-year low of 3.82 percent, Freddie Mac’s latest Mortgage Market Survey was conducted prior to yesterday’s meeting of the Federal Reserve, after which the yield on the 10-year Treasury, which drives mortgage... Read More »

Benchmark Mortgage Rate Nearly Hits a Two-Year Low

Benchmark Mortgage Rate Nearly Hits a Two-Year Low

The average rate for a 30-year mortgage dropped 17 basis points over the past week and now measures 3.82 percent.  That’s the lowest 30-year rate since the third quarter of 2017 and down over one full percentage point, or 23 percent, since the fourth quarter of last year, according... Read More »

Benchmark Mortgage Rate Dips Under 4 Percent, Odds of Easing Up

Benchmark Mortgage Rate Dips Under 4 Percent, Odds of Easing Up

Having shed 7 basis points over the past week, the average rate for a 30-year mortgage now measures 3.99 percent, an average rate which is 57 basis points lower than at the same time last year and the first sub-four percent rate since January of 2018, according to Freddie... Read More »

Benchmark Mortgage Rate Dips, Odds of an Easing Jumps

Benchmark Mortgage Rate Dips, Odds of an Easing Jumps

The average rate for a 30-year mortgage shed 7 basis points over the past two weeks to 4.07 percent, an average rate which is now 54 basis points lower than at the same time last year, according to Freddie Mac’s latest Mortgage Market Survey data. The average rate for... Read More »

Benchmark Mortgage Rate Slips, Odds of an Easing Drops

Benchmark Mortgage Rate Slips, Odds of an Easing Drops

The average rate for a 30-year mortgage dropped 6 basis points over the past week to 4.14 percent, which is 41 basis points below the average rate as measured at the same time last year (4.55 percent), according to Freddie Mac’s latest Mortgage Market Survey data. At the same... Read More »

Benchmark Mortgage Rate Ticks Up, Odds of an Easing Jumps

Benchmark Mortgage Rate Ticks Up, Odds of an Easing Jumps

The average rate for a 30-year mortgage inched up 3 basis points over the past week to 4.20 percent, which is up 14 basis points since the end of March but 38 basis points below the average rate at the same time last year (4.58 percent), according to Freddie... Read More »