Mortgage Rates Drop, Odds Of A Hike In 2015 Under 50 Percent
While local employment remains on a tear, a weaker than expected U.S. jobs report spooked the market and drove Treasury rates down over the past week as assets shifted to…
Futures Market Says No, But Yellen Says Yes Re: Rate Hike
As of this morning, an analysis of the futures market put the probability of the Fed raising interest rates by the end of the year at 35 percent. But this…
Mortgage Rates Drop Along With Odds Of A Hike In 2015
With the Fed having balked at raising the Federal funds rate last week, the average rate for a 30-year mortgage dropped to 3.86 percent, down from 3.91 percent the week…
Odds Against A Rate Hike This Month, Likely In December
According to an analysis of the futures market by the CME Group, the probability that the Fed will hike interest rates tomorrow currently stands at 23 percent with the probability…
Fed Expected To Raise Interest Rates By The End Of The Year
With employment on the rise and an uptick in economic activity, the Fed appears to be on track for a half-point increase in interest rates by the end of the…
Basis For 30-Year Mortgage Rate On The Move (Up)
Since hitting a 2015 high of 3.87 percent last week, the average rate for a 30-year fixed mortgage has been relatively unchanged. But the 10-year Treasury yield, the basis for…
Mortgage Rates Drop As Bond Market Sounds An Economic Warning
The average rate for a conforming 30-year mortgage has dropped to 3.73 percent, the lowest rate since May of 2013 when the rate averaged 3.59 percent and 78 basis points…
Mortgage Rates Drop To Lowest Levels In 2014
The average rate for a conforming 30-year mortgage dropped from 3.93 to 3.80 over the past week, the lowest level since May 2013 and 67 basis points below the 4.47…
Mortgage Rates Drop, Back Near 2014 Lows
The average rate for a conforming 30-year fixed-rate mortgage has dropped from 4.23 percent to 4.12 percent over the past three weeks and is back to within 2 basis points…
Mortgage Rates Move Higher, Biggest Increase Of The Year
The average rate for a conforming 30-year fixed-rate mortgage jumped from 4.12 to 4.23 percent over the past week, the highest rate since the beginning of May and the biggest…