The Fed Just Cut Rates (For the Third Time This Year)
As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the third such rate cut this year. Having dropped its…
Mortgage Rates Tick Up, Rate Cut Nearly Certain
Having jumped 12 basis points last week, the average rate for a 30-year mortgage has since ticked up another 6 basis points and now measures 3.75 percent. That being said,…
Mortgage Rates Rebound, Probability of a Rate Cut Hits 90 Percent
Having ticked down 16 basis points since mid-September, the average rate for a 30-year mortgage jumped 12 basis points over the past week and now measures 3.69 percent. That being…
Mortgage Rates Drop, Odds of a Rate Cut Rise
Having jumped 17 basis points in mid-September, the average rate for a 30-year mortgage has since shed 16 basis points and dropped back down to 3.57 percent, which is 133…
Mortgage Rates Retreat
Having jumped 17 basis points last week, the average rate for a 30-year mortgage has since shed 9 basis points and now measures 3.64 percent, which is 108 basis points…
Mortgage Rates Jump
Having started to inch up last week, the average rate for a 30-year mortgage has since jumped another 17 basis to 3.73 percent but remains 92 basis points below its…
The Fed Just Cut Rates, Again
As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the second such cut this year. Having dropped its benchmark…
Mortgage Rates Inch Up
While the average rate for a 30-year mortgage inched up 7 basis points over the past week to 3.56 percent, it remains within 15 basis points of a three/six-year low…
Benchmark Mortgage Rate Nearing a Six-Year Low
The average rate for a 30-year mortgage dropped 9 basis points over the past week to 3.49 percent, which is down 145 basis points (1.45 percentage points or 29.4 percent)…
Mortgage Rates Continue to Drop, Odds of an Easing Slip
The average rate for a 30-year mortgage dropped another 5 basis points over the past week to 3.55 percent, which is down 139 basis points (1.39 percentage points or 28.1…