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Articles Recently Tagged: The Fed

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Mortgage Rates Rebound, Probability of a Rate Cut Hits 90 Percent

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 said, the average 30-year rate remains 116 basis points (1.16 percentage points) below its mark at the same time... Read More »

Mortgage Rates Drop, Odds of a Rate Cut Rise

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 basis points, 1.33 percentage points or 27 percent below its mark at the same time last year (and within... Read More »

Mortgage Rates Retreat

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 (1.08 percentage points) below its mark at the same time last year and back to within 23 basis points... Read More »

Mortgage Rates Jump

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 mark at the same time last year and within 32 basis points of a three/six-year low. At the same... Read More »

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 rate a total of 5 percentage points between August of 2007 and the end of 2008, a move which... Read More »

Mortgage Rates Inch Up

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 and down 138 basis points (1.38 percentage points or roughly 28 percent) since the fourth quarter of last year.... Read More »

Benchmark Mortgage Rate Nearing a 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) since the fourth quarter of last year and is now within 8 basis points of both a three and... Read More »

Mortgage Rates Continue to Drop, Odds of an Easing Slip

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 percent) since the fourth quarter of last year and within 13 basis points of a three-year low. At the... Read More »

Benchmark Mortgage Rate Drops to a Near 3-Year Low

Benchmark Mortgage Rate Drops to a Near 3-Year Low

On the heels of the Fed having eased rates last week, the average rate for a 30-year mortgage has dropped 15 basis points to 3.60 percent, which is now 134 basis points (1.34 percentage points) below its mark in the fourth quarter of last year and within 18 basis... Read More »

The Fed Just Cut Rates, Might Not Be Done

With the Fed having formally signaled a more “patient” approach with respect to any future rate hikes back in January, the probability of an easing started to emerge, as we first noted at the time. And as predicted, the Federal Reserve has just cut the benchmark Federal Funds rate by... Read More »