Having ticked up 6 basis points last week, the average rate for a benchmark 30-year mortgage has since dropped 10 basis points to 4.31 percent, which is 13 basis points below its mark at the same time last year, down 63 basis points since hitting a 7-year high this... Read More »

Having dropped 59 basis points since hitting a 7-year high of 4.94 percent this past November, the average rate for a benchmark 30-year mortgage ticked up 6 basis points over the past week to 4.41 percent but remains 5 basis points below its mark at the same time last... Read More »

The average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, but has since dropped 59 basis points, was unchanged over the past week, holding at 4.35 percent, which is 8 basis points below its mark at the same time last... Read More »

The average rate for a benchmark 30-year mortgage, which hit a 7-year high of 4.94 percent this past November, shed another 4 basis points over the past week and has dropped 4.37 percent, the lowest rate in a year, according to Freddie Mac’s latest Mortgage Market Survey data. At... Read More »

In a move which shouldn’t catch any plugged-in readers by surprise, the Federal Reserve not only failed to raise interest rates today but signaled a more “patient” approach in its adoption of any future hikes. Despite the Fed having previously signaled expectations for two rate hikes this year, traders... Read More »

As projected, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 25 basis points to between 2.25 and 2.5 percent, while signaling expectations for two more quarter-point increases in 2019, down from a previously expected three. The Fed dropped the benchmark... Read More »

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for another quarter-point increase by the end of the year. The Fed dropped the benchmark rate a total of five (5) percentage... Read More »

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling accelerated expectations for two more quarter-point increases by the end of this year, which is one more than previously expected. The Fed dropped... Read More »

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for two more quarter-point increases in 2018, three in 2019 and another two in 2020. The Fed dropped the benchmark rate five... Read More »

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for three more quarter-point increases in 2018. The Fed dropped the benchmark rate five (5) percentage points between August of 2007 and... Read More »