Articles Recently Tagged: 30-Year Mortgage

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Benchmark Mortgage Rate Nearing Its 8-Year High

Benchmark Mortgage Rate Nearing Its 8-Year High

Having slipped at the end of October, the average rate for a benchmark 30-year mortgage increased 11 basis points over the past week to 4.94 percent, which is 104 basis points (1.04 percentage points) above its mark at the same time last year, the highest average rate since the... Read More »

Mortgage Rates Slip but Hover near 8-Year Highs

Mortgage Rates Slip but Hover near 8-Year Highs

Having jumped to 4.9 percent in early October, which was the highest average rate since early 2011, the average rate for a benchmark 30-year mortgage has slipped 7 basis points over the past three weeks to 4.83 percent, which is still 89 basis points above its mark at the... Read More »

Benchmark Mortgage Rate Jumps, Nearing an Eight-Year High

Benchmark Mortgage Rate Jumps, Nearing an Eight-Year High

The average rate for a benchmark 30-year mortgage jumped 18 basis points over the past two weeks to 4.90 percent, which is now 99 basis points above its mark at the same time last year, the highest average rate since April of 2011 and within 15 basis points on... Read More »

Benchmark Mortgage Rate Rises to New Seven-Year High

Benchmark Mortgage Rate Rises to New Seven-Year High

The average rate for a benchmark 30-year mortgage jumped another 7 basis points over the past week to 4.72 percent, which is 89 basis points above its mark at the same time last year and the highest average rate since April of 2011, according to Freddie Mac’s latest Mortgage... Read More »

Benchmark Mortgage Rate Effectively Hits a Seven-Year High

Benchmark Mortgage Rate Effectively Hits a Seven-Year High

The average rate for a benchmark 30-year mortgage ticked up another 5 basis points over the past week to 4.65 percent, which is 82 basis points above its mark at the same time last year and within 1 basis points of the seven-year high rate of 4.66 percent which... Read More »

Mortgage Rates Rise, Largest YOY Increase since 2014

Mortgage Rates Rise, Largest YOY Increase since 2014

The average rate for a benchmark 30-year mortgage ticked up another 6 basis points over the past week to 4.6 percent, which is 82 basis points above its mark at the same time last year, which is the largest year-over-year (YOY) increase since May of 2014, and within 6... Read More »

Mortgage Rates Inch Up, Probability of a Rate Hike Hits 100 Percent

Mortgage Rates Inch Up, Probability of a Rate Hike Hits 100 Percent

The average rate for a benchmark 30-year mortgage inched up 2 basis points over the past week to 4.54 percent, which is 76 basis points above its average rate of 3.88 percent at same time last year and within 12 basis points of its seven-year high (4.66 percent) which... Read More »

Benchmark Mortgage Rate Hovering Around 4.5 Percent

Benchmark Mortgage Rate Hovering Around 4.5 Percent

Having bounced around a narrow 15 basis point band over the past four months, the average rate for a benchmark 30-year mortgage has been hovering around 4.5 percent over the past couple of weeks, which is 70 basis points above its 3.82 percent average rate at same time last... Read More »

Mortgage Rates Slip, Probability of a Rate Hike Hits 98 Percent

Mortgage Rates Slip, Probability of a Rate Hike Hits 98 Percent

The average rate for a benchmark 30-year mortgage slipped 7 basis points over the past two weeks to 4.53 percent but remains 64 basis points above its mark at the same time last year and within 13 basis points of the seven-year high (4.66 percent) which it hit in... Read More »

Mortgage Rates Tick Up, Short-Term Rate Hits Eight-Year High

Mortgage Rates Tick Up, Short-Term Rate Hits Eight-Year High

The average rate for a benchmark 30-year mortgage has ticked 8 basis points over the past two weeks to 4.60 percent, which is 67 basis points higher on a year-over-year basis and within 6 basis points of its seven-year high of 4.66 percent which it hit in May, according... Read More »