Articles Recently Tagged: The Fed

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Mortgage Rates Move Up, Odds Of A Rate Hike Jump

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 year in February but 15 basis points below the 4.02 percent average rate at the same time last year... Read More »

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 a row. And with Federal Reserve Governor Daniel Tarullo publicly challenging the Federal Reserve Chair’s suggestion last month that an increase... Read More »

Mortgage Rates Drop, Odds Of A Hike In 2015 Under 50 Percent

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 safer investments.  And as such, the average rate for a 30-year mortgage dropped 9 basis points to 3.76 percent,... Read More »

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 afternoon, Federal Reserve Chair Janet Yellen indicated that the Federal Open Market Committee is likely to increase the federal... Read More »

Mortgage Rates Drop Along With Odds Of A Hike In 2015

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 before and versus a 4.20 percent rate at the same time last year, according to Freddie Mac’s latest Primary... Read More »

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 of a rate hike increasing to 63 percent in December. If the market is correct, the rate hike will... Read More »

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 year with expectations of another full point being added in 2016. The increases should continue to drive mortgage rates, which... Read More »

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 the 30-year mortgage rate, jumped around 10 basis points (0.10) this morning on strong jobs data. And while the... Read More »

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 below the 4.51 percent average rate at the same time last year. While the Federal Reserve is expected to... Read More »

Mortgage Rates Drop To Lowest Levels In 2014

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 percent average rate at the same time last year. That being said, with the Federal Reserve having rather clumsily... Read More »