Articles Recently Tagged: The Fed

(95 posts)
Benchmark Mortgage Rate Holds, Short-Term Rate Drops

Benchmark Mortgage Rate Holds, Short-Term Rate Drops

With the Fed’s affirmation of a prolonged low-rate environment already priced in, the average rate for a benchmark 30-year mortgage effectively held over the past week, inching up a single basis point to 2.87 percent, which is 86 basis points below its mark at the same time last year... Read More »

Benchmark Mortgage Rate Inches Up, No Hikes on the Horizon

Benchmark Mortgage Rate Inches Up, No Hikes on the Horizon

Having dropped to an all-time low of 3.15 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since inched up 6 basis points (0.06 percentage points) to 3.21 percent but remains 61 basis points below its mark at the same time last year and nearly... Read More »

Benchmark Mortgage Rate Drops, Short-Term Rate Jumps

Benchmark Mortgage Rate Drops, Short-Term Rate Jumps

Having spiked last week, the average rate for a benchmark 30-year mortgage has since shed 15 basis points for an average rate of 3.50 percent, which is 56 basis points (0.56 percent) below its mark at the same time last year, according to Freddie Mac’s latest Mortgage Market Survey... Read More »

Mortgage Rates Spike

Mortgage Rates Spike

Having inched up from an all-time low of 3.29 percent to 3.36 percent last week, the average rate for a benchmark 30-year mortgage has since jumped another 29 basis points (0.29 percentage points) to 3.65 percent but remains 63 basis points below its mark at the same time last... Read More »

The Fed Just Dropped Rates to Near-Zero, And…

Having already rolled out an emergency rate cut of 50 basis points two weeks ago, the Federal Reserve has just announced an even larger cut of a full percentage point (100 basis points), resulting in a target federal funds rate of zero to 0.25 percent (which the Fed expects... Read More »

Benchmark Mortgage Rate Inches Up, Short-Term Rates Drop

Benchmark Mortgage Rate Inches Up, Short-Term Rates Drop

Having dropped to an all-time low of 3.29 percent last week, the average rate for a benchmark 30-year mortgage has since inched up 7 basis points to 3.36 percent but remains 95 basis points below its mark at the same time last year and well below an average of... Read More »

Benchmark Mortgage Rate Drops to an All-Time Low

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 Market Survey data and which shouldn’t have caught any plugged-in readers by surprise. At the same time, the average... Read More »

Benchmark Mortgage Rate Back Down to a 3-Year Low

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 (0.14 percentage points) of the all-time low it hit in November of 2012 and 90 basis points below its... Read More »

Benchmark Mortgage Rate Inches Up, Odds of an Easing as Well

Benchmark Mortgage Rate Inches Up, Odds of an Easing as Well

Having dropped to a 3-year low two weeks ago, the average rate for a 30-year mortgage has since inched up 4 basis points to 3.49 percent but remains 86 basis points (0.86 percentage points) below its mark at the same time last year and within 0.18 percentage points of... Read More »

Benchmark Mortgage Rate Hits a 3-Year Low

Benchmark Mortgage Rate Hits a 3-Year Low

Having dropped another 6 basis points over the past week, the average rate for a 30-year mortgage is now down to 3.45 percent, which is 96 basis points (0.96 percentage points) below its mark at the same time last year and the lowest average rate since the fourth quarter... Read More »