As projected, the average rate for a benchmark 30-year mortgage inched down another 4 basis points (0.04 percentage point) over the past week to 6.35 percent but remains 20 percent (105 basis points) higher than at the same time last year, with significantly tighter lending standards and the average... Read More »

Measured prior to yesterday’s quarter point hike by the fed, the average rate for a benchmark 30-year mortgage had inched back down 4 basis points (0.04 percentage point) over the past week to 6.39 percent, offsetting the 4 basis point rise the week prior. As such, the average 30-year... Read More »

The average rate for a benchmark 30-year mortgage inched up another 4 basis points (0.04 percentage point) over the past week to 6.43 percent, continuing a trend that shouldn’t catch any plugged-in readers, other than the most obstinate, by surprise. As such, the average 30-year rate is 133 basis... Read More »

The average rate for a benchmark 30-year mortgage ticked up, not down, 12 basis points (0.12 percentage point) over the past week to 6.39 percent. As such, the average 30-year rate is now 128 basis points, or 25 percent, higher than at the same time last year and 374... Read More »

Measured prior to yesterday’s quarter-point rate hike by the Fed, the average rate for a benchmark 30-year mortgage had dropped another 18 basis points (0.18 percentage points) over the past week to 6.42 percent but remained 200 basis points, or roughly 45 percent, higher than at the same time... Read More »

The volume of applications to secure a purchase mortgage loan for a home in the U.S. ticked up 9 percent in the absolute last week, representing a 7 percent increase on a seasonally adjusted basis from a 28-year low. That being said, purchase mortgage activity was still down over... Read More »

Having briefly slipped under 6 percent, the average rate for a benchmark 30-year mortgage inched back up to 6.12 percent over the past week as the fed confirmed expectations for at least one more rate hike, and more likely two, over the next quarter, moves that shouldn’t catch any... Read More »

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 »