Benchmark Mortgage Rate Ticks Up, Odds of an Easing Jumps
The average rate for a 30-year mortgage inched up 3 basis points over the past week to 4.20 percent, which is up 14 basis points since the end of March…
Benchmark Mortgage Rate Ticks Up, Odds of an Easing Slips
The average rate for a 30-year mortgage ticked up 5 basis points over the past week to 4.17 percent, which is up 11 basis points since the end of March…
Mortgage Rates Inch Up, Inversion Increases, Odds of Easing Even
Having dropped 35 basis points in March, including the biggest one week drop in over a decade, the average rate for a 30-year mortgage has ticked up 6 basis points…
Mortgage Rates Dramatically Drop, Inversion Spreads
With Fed officials having officially deemed the foregoing of any additional interest rate hikes in 2019 to “be best” for our economy in light of increasing global risks, which shouldn’t…
Fed Officials Officially Drop Expectations of a Rate Hike in 2019
According to an analysis of the futures market, the probability of the Fed hiking the federal funds rate in 2019 had dropped to zero (0) as of last week, as…
Benchmark Mortgage Rate Drops, Odds of an Easing Up
Having ticked up 6 basis points last week, the average rate for a benchmark 30-year mortgage has since dropped 10 basis points to 4.31 percent, which is 13 basis points…
Mortgage Rates Tick Up
Having dropped 59 basis points since hitting a 7-year high of 4.94 percent this past November, the average rate for a benchmark 30-year mortgage ticked up 6 basis points over…
Mortgage Rates Hold
The average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, but has since dropped 59 basis points, was unchanged over the…
Benchmark Mortgage Rate Drops to a One-Year Low, Fears Grow
The average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, shed another 4 basis points over the past week and has…
The Fed Signals Future Rate Hikes Are on Hold
In a move which shouldn’t catch any plugged-in readers by surprise, the Federal Reserve not only failed to raise interest rates today but signaled a more “patient” approach in its…