The Fed Affirms, Again
As we outlined last month, based on an analysis of the futures market, the expected value of the Fed’s rate cuts over the next six months had dropped, with an…
Benchmark Mortgage Rate Inches Back Over 7 Percent
As we outlined last week, while the average rate for a benchmark 30-year mortgage had slipped back under 7 percent for the first time since mid-April the expected value of…
Expected Value of Rate Cut(s) Just Dropped
Having inched up over the past month, helping to pull the average rate for a benchmark 30-year mortgage back under 7 percent for the first time since mid-April, the expected…
Benchmark Mortgage Rate Drops to Just Over 7 Percent
Continuing a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage ticked down 7 basis points to 7.02 percent over the past…
Expected Value of Rate Cut(s) Holds
Having tumbled over the past two quarters, as we first outlined earlier this year, the expected value of the Fed’s rate cuts in 2024 is now holding, with the average…
Benchmark Mortgage Rate Ticks Over 7.2 Percent, Poised to Moderate
Measured prior to yesterday’s affirmation from the Fed, the average rate for a benchmark 30-year mortgage had already ticked up another 5 basis points (0.05 percentage points) to 7.22 percent,…
The Fed Affirms, Rate Cut(s) Pushed Back
As we first outlined back in February, when the average 30-year mortgage rate was only 6.64 percent, our analysis of the futures market was projecting far fewer rate cuts than…
Expected Value of Rate Cuts Tumbles, Again
As we first outlined earlier this year, the expected value of the Fed’s rate cuts in 2024 was on the decline, with our analysis suggesting fewer than half the number…
Benchmark Mortgage Rate Back Near 7 Percent
Following a trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30 year mortgage ticked up another 6 basis points (0.06 percentage points) over…
Purchase Mortgage Activity Drops, Rates on the Rise
Having inched up a percent at the end of last month, purchase mortgage application volume in the U.S. dropped 5 percent in the absolute over the past week and 4…