Probability of Eight More Rate Hikes Has Jumped
With the Federal Reserve having raised the target federal funds rate by 25 basis points (0.25 percentage points) last week, representing the first hike from a near zero rate in…
Benchmark Mortgage Rate Rockets Back Over 4 Percent
The average rate for a benchmark 30-year mortgage jumped 31 basis points (0.31 percentage points) over the past week to 4.16 percent, which is 35 percent (107 basis points) higher…
Benchmark Mortgage Rate Ticks Back Up, Hike Probability Too
Having dipped 16 basis points (0.16 percentage points) with a flight to safety in the markets following Russia’s invasion of Ukraine, the average rate for a benchmark 30-year mortgage ticked…
Near Certainty for a Quarter Point Rate Hike (And Then Some)
As we outlined a couple of weeks ago, the bond market was projecting that the Fed would institute a quarter point (25 basis point) interest rate hike later this month.…
Benchmark Mortgage Rate Jumps Again, 39 Percent Higher YOY
The average rate for a benchmark 30-year mortgage jumped 23 basis points (0.23 percentage points) over the past week to 3.92 percent, which is 39.5 percent higher than the average…
Benchmark Mortgage Rate Just Jumped to a 2-Year High
The average rate for a benchmark 30-year mortgage jumped 14 basis points (0.14 percentage points) over the past week to 3.69 percent, which is nearly a full percentage point (96…
Benchmark Mortgage Rate Holding Near a 2-Year High
The average rate for a benchmark 30-year mortgage inched down one (1) basis points (0.01 percentage points) over the past week to 3.55 percent, which is 78 basis points percent…
Benchmark Mortgage Rate Keeps Climbing, Nearing a 2-Year High
Having hit a 22-month high last week, the average rate for a benchmark 30-year mortgage has since ticked up another 11 basis points (0.11 percentage points) to 3.56 percent, which…
Benchmark Mortgage Rate Jumps to a 22-Month High
In a move which shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30-year mortgage jumped 23 basis points (0.23 percentage points) over the past week…
Benchmark Mortgage Rate Hits a 20-Month High
The average rate for a benchmark 30-year mortgage ticked up 11 basis points (0.11 percentage points) over the past week to 3.22 percent, which is 55 basis points higher than…