The Fed Affirms: No Rate Hikes on the Horizon, Risks Loom
Citing an ongoing public health crisis (i.e., the pandemic) that “will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the…
Benchmark Mortgage Rate Holds, Short-Term Rate Drops
With the Fed’s affirmation of a prolonged low-rate environment already priced in, the average rate for a benchmark 30-year mortgage effectively held over the past week, inching up a single…
Benchmark Mortgage Rate Inches Up, No Hikes on the Horizon
Having dropped to an all-time low of 3.15 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since inched up 6 basis points (0.06 percentage points)…
Benchmark Mortgage Rate Drops, Short-Term Rate Jumps
Having spiked last week, the average rate for a benchmark 30-year mortgage has since shed 15 basis points for an average rate of 3.50 percent, which is 56 basis points…
Mortgage Rates Spike
Having inched up from an all-time low of 3.29 percent to 3.36 percent last week, the average rate for a benchmark 30-year mortgage has since jumped another 29 basis points…
The Fed Just Dropped Rates to Near-Zero, And…
Having already rolled out an emergency rate cut of 50 basis points two weeks ago, the Federal Reserve has just announced an even larger cut of a full percentage point…
Benchmark Mortgage Rate Inches Up, Short-Term Rates Drop
Having dropped to an all-time low of 3.29 percent last week, the average rate for a benchmark 30-year mortgage has since inched up 7 basis points to 3.36 percent but…
Benchmark Mortgage Rate Drops to an All-Time Low
The average rate for a benchmark 30-year mortgage dropped 16 basis points over the past week to a new all-time low of 3.29 percent, according to Freddie Mac’s latest Mortgage…
Benchmark Mortgage Rate Back Down to a 3-Year Low
The average rate for a benchmark 30-year mortgage has dropped back down to the 3-year low of 3.45 percent it hit three weeks ago, which is within 14 basis points…
Benchmark Mortgage Rate Inches Up, Odds of an Easing as Well
Having dropped to a 3-year low two weeks ago, the average rate for a 30-year mortgage has since inched up 4 basis points to 3.49 percent but remains 86 basis…