Benchmark Mortgage Rate Drops to Three-Year Low
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…
Benchmark Mortgage Rate Levels off, Potential for a Dip
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…
Mortgage Rates Move up While Expectations for a Hike Dip
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…
Benchmark Mortgage Rate Nearing Three-Year Low
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…
The Fed Institutes a Rate Hike, Signals Four More in 2016
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…
Odds of a Rate Hike Rise, 10-Year Treasury on the Move
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…
The Fed Positions for a Rate Hike next Month
While emphasizing that “no decision had been made,” the minutes for the Fed’s Open Market Committee meeting last month included new language to specifically highlight that a Federal Funds rate…
Mortgage Rates Move Up, Odds of a Rate Hike Jump (Again)
The average rate for a conforming 30-year mortgage increased another 11 basis points over the past week to 3.98 percent, the highest rate since July. The average 30-year rate is…
Mortgage Rates Move Up, Odds Of A Rate Hike Jump
The average rate for a conforming 30-year mortgage increased 11 basis points over the past week to 3.87 percent, up 28 basis point from the 3.59 percent low for the…
Probability Of A Rate Hike In 2015 Down To 30 Percent
While mortgage rates ticked-up a few basis points over the past week, the average rate for a 30-year mortgage (3.82 percent) remains below four percent for the twelfth week in…