The average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage points) over the past week to 6.09 percent and is currently poised to slip back under 6 percent next week with the 10-year treasury rate having ticked down around 10 basis points following... Read More »
The average rate for a benchmark 30-year mortgage ticked down 9 basis points (0.09 percentage points) over the past week to 6.49 percent, which is only 109 percent higher than at the same time last year and 145 percent higher than last year’s all-time low of 2.65 percent. That... Read More »
While mortgage loan application volume to purchase a home in the U.S. ticked up one (1) percent on a seasonally adjusted basis over the past week, it continued to tick down on a year-over-year basis and was 30 percent lower than at the same time last year, according to... Read More »
Having already doubled over the past year, the average rate for a benchmark 30-year mortgage ticked up another 13 basis points (0.13 percentage points) over the past week to 6.02 percent, an average rate which is 110 percent higher than at the same time last year, 127 percent above... Read More »
Despite the Fed’s recent rate hikes, the average rate for a benchmark 30-year mortgage had plunged from 5.81 to 4.99 percent over the past six weeks, including a 31 basis point (0.31 percentage point) drop over the past week alone, driven by an “increased risk of a formal recession... Read More »
Measured prior to yesterday’s announcement of another 75 basis point hike to the federal funds rate, the average rate for a benchmark 30-year mortgage had dropped 24 basis points (0.24 percentage points) over the past week to 5.30 percent, which was still 250 basis points and roughly 90 percent... Read More »
As projected, the Federal Reserve has just announced another rate hike of 75 basis points or three-quarters of a percent for federal funds, its second 75 basis point hike in as many months, which was an unprecedented move. As we foreshadowed at the end of last year, the higher... Read More »
Having dropped half a percentage point from its 13-year high of 5.81 percent last month, driven by increasing concerns of a recession and hard landing, the average rate for a benchmark 30-year mortgage has since ticked back up 21 basis points (0.21 percentage points) to 5.51 percent, which is... Read More »
The probability of the Fed raising the federal funds rate by three quarters of a percentage point (75 basis points) this afternoon has jumped from under 10 percent last week to over 95 percent today, based on an analysis of the futures market. As such, the benchmark 30-year mortgage... Read More »
Measured prior to the Fed’s rate hike yesterday, the average rate for a benchmark 30-year mortgage had already jumped another 17 basis points to 5.27 percent, which is 231 basis points and nearly 80 percent higher than at the same time last year and the highest average rate since... Read More »
“It would rent for $5k ?...” [more]
“Not the best transaction for the seller but I actually think this is a relatively strong outcome con...” [more]
“I never said the Ukraine war did not have an effect upon global markets. Nor did I ever once say tha...” [more]
“This response right is here why the San Francisco RE shell game is teetering. Valuation is not suppo...” [more]
“A 'soft landing' for Americans who work for a living and whose wages don't keep up with the yearly 6...” [more]
“Seasonality strikes again...” [more]
“The bay isn't the rest of the country though. My wife is a real estate agent/builder and the amount ...” [more]
“Absolute steal of a deal. That is all....” [more]
“I haven't checked recently, is there some shortage of medical office and/or surgery space in The Cit...” [more]
“UPDATE: Following today's quarter point hike, the probability of the Fed having hiked rates "by at ...” [more]