Articles Recently Tagged: Rate Inversion

(10 posts)
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 »

Benchmark Mortgage Rate Ticks Up, Odds of an Easing Slips

Benchmark Mortgage Rate Ticks Up, Odds of an Easing Slips

The average rate for a 30-year mortgage ticked up 5 basis points over the past week to 4.17 percent, which is up 11 basis points since the end of March but remains 30 basis points below the average rate at the same time last year (4.47 percent), according to... Read More »

Mortgage Rates Inch Up, Inversion Increases, Odds of Easing Even

Mortgage Rates Inch Up, Inversion Increases, Odds of Easing Even

Having dropped 35 basis points in March, including the biggest one week drop in over a decade, the average rate for a 30-year mortgage has ticked up 6 basis points over the past two weeks to 4.12 percent but remains 30 basis points below its average rate at the... Read More »

Mortgage Rates Dramatically Drop, Inversion Spreads

Mortgage Rates Dramatically Drop, Inversion Spreads

With Fed officials having officially deemed the foregoing of any additional interest rate hikes in 2019 to “be best” for our economy in light of increasing global risks, which shouldn’t have caught any plugged-in readers by surprise, the average rate for a 30-year mortgage has since dropped 22 basis... Read More »

Benchmark Mortgage Rate Levels Off, Probability of a Hike Drops

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