Having ticked up over the past three weeks, the average rate for a benchmark 30-year mortgage has dropped to 3.43 percent, which is down 5 basis points over the past week and within 12 basis points of the all-time low rate of 3.31 percent recorded in November 2012. And... Read More »
With the unexpected result of the Brexit vote roiling the financial markets, resulting in a flight to quality and driving the yield on the 10-year Treasury down, the average rate for a benchmark 30-year mortgage has dropped to 3.48 percent, the lowest rate in over three years and within... Read More »
The average rate for a benchmark 30-year mortgage has dropped to 3.54 percent, the lowest rate in three years and 43 basis points below the 3.97 percent rate in place prior to the Fed’s first rate hike in December. The current rate is 46 basis points below the 4.00... Read More »
Having dropped to a three-year low of 3.57 percent, the average rate for a benchmark 30-year mortgage has ticked up 7 basis points to 3.64 percent over the past two weeks but remains 33 basis points below the 3.97 percent rate in place prior to the Fed’s first rate... Read More »
The average rate for a benchmark 30-year mortgage has dropped to 3.57 percent, the lowest rate in three years and 40 basis points below the 3.97 percent rate in place prior to the Fed’s first rate hike in December. The current rate is 28 basis points below the 3.85... Read More »
The average rate for a benchmark 30-year loan has held at 3.71 percent for the second week in a row, which is 1 basis point above the average rate at the same time last year and 26 basis points below the 3.97 percent rate in place prior to the... Read More »
The average rate for a benchmark 30-year loan has ticked up for the third week in a row, but the current 3.73 percent rate remains 5 basis lower versus the same time last year and 24 basis points below the 3.97 percent rate in place prior to the Fed’s... Read More »
The average rate for a benchmark 30-year loan dropped to 3.62 percent over the past week and is within 3 basis points (0.03) of its lowest rate since mid-2013 as concerns about a global slowdown and market weakness continue to drive the 10-year Treasury yield down. The average 30-year... Read More »
As predicted, the Federal Reserve has just raised interest rates for the first time since 2006, upping the target federal funds rate by 0.25 percent and signaling expectations for another four quarter-point increases in 2016. The Fed’s move raises the target federal funds rate from the near-zero mark it... Read More »
According to activity in the futures market, the probability of a Federal Funds rate hike by the end of the year has jumped from 30 percent in October to 75 percent today. And with her speech at the Economic Club of Washington yesterday, Federal Reserve Chair Janet Yellen continues to pave... Read More »
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