Articles Recently Tagged: Interest Rates

(15 posts)

Freddie Mac Lowers Mortgage Rate Forecast For 2014

Having forecast the average rate for 30-year fixed mortgages would begin rising in the second half of 2014 and end the year at “around 4.6 percent” as of two months ago, Freddie Mac lowered their forecast today and now expects the average 30-year fixed mortgage rate to end the year at at “around 4.4 percent.” Read More »

Mortgage Rates Holding, Remain Lower Year-Over-Year

The average rate for a conforming 30-year mortgage ticked up to 4.15 percent over the past week and remains 43 basis points below the three-year high rate of 4.58 percent recorded this past August, 36 basis points lower than at the same time last year when rates spiked following comments from the Fed. The 30-year fixed mortgage Read More »

Mortgage Rates Tick Down, Now Lower Than Last Year

The average rate for a conforming 30-year mortgage ticked down to 4.14 percent over the past week, 44 basis points below the three-year high rate of 4.58 percent recorded this past August and 32 basis points lower than at the same time last year when rates spiked following comments from the Fed. The 30-year fixed Read More »

Fed Cuts Stimulus But Intends To Keep Rates Low

Citing a rebound in economic activity while noting the housing sector remains slow (despite historically low interest rates and rising inventories), the Fed has announced another cut to its bond purchase program which was designed to keep longer-term interest rates low.  With the cut, the Fed is on track to end the stimulus program by Read More »

Mortgage Rates Tick Up For Second Week In A Row

The average rate for a conforming 30-year mortgage ticked back up to 4.20 percent over the past week and is within 38 basis points of the three-year high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average rate for a 30-year fixed mortgage was 3.98 percent at this Read More »

Fixed Mortgage Rates Hit Seven Month Low, Likely Headed Up

Fixed Mortgage Rates Hit Seven Month Low, Likely Headed Up

The average rate for a conforming 30-year mortgage ticked down from 4.20 to 4.14 percent over the past week, the lowest rate in seven months and 44 basis points below the three-year high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average rate for a 30-year fixed mortgage Read More »

The Fed Sees Signs Of Easier Mortgages Ahead

While mortgage credit conditions in the U.S. remain “generally tight,” and applications for purchase mortgages remain “tepid,” according to the Fed, signs of easing continue to emerge, including indications of “a net easing of banks’ credit standards for home-purchase loans to prime customers in the first quarter.” The Fed’s summary of the nation’s housing market, Read More »

Mortgage Rate Forecast For 2014

With the Federal Reserve continuing to taper stimulus spending despite a housing recovery that’s “struggling to shift into a higher gear,” Freddie Mac is forecasting  the average rate for 30-year fixed mortgages will begin rising in the second half of 2014 and end the year at “around 4.6 percent.” Last week, the average rate for Read More »

Discount For Going Big With A Jumbo Loan Has Disappeared

Having dropped to a six-month low last week, the average rate for a conforming 30-year mortgage has ticked down one more basis point to 4.20 percent, 38 basis points below the three-year high rate of 4.58 percent recorded this past August. At the same time, Wells Fargo is now advertising a rate of 4.125 percent Read More »

Fixed Mortgage Rates Drop To 2014 Low

Fixed Mortgage Rates Drop To 2014 Low

The average rate for a conforming 30-year mortgage ticked down from 4.29 to 4.21 percent over the past week, the lowest rate in six months and 37 basis points below the three-year high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average rate for a 30-year fixed mortgage Read More »

Mortgage Rates Drop To Six-Week Low

Mortgage Rates Drop To Six-Week Low

The average rate for a conforming 30-year mortgage ticked down from 4.34 to 4.27 percent over the past week to a six-week low, 31 basis points below the three-year high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average rate for a 30-year fixed mortgage was 3.41 percent Read More »

Mortgage Rates Tick Down, Demand Remains Down As Well

The average rate for a conforming 30-year mortgage ticked down from 4.41 to 4.34 percent over the past week and is 24 basis points below the three-year high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average rate for a 30-year fixed mortgage was 3.43 percent at this Read More »

Mortgage Rates Move Up As Expected

Mortgage Rates Move Up As Expected

As expected, the average rate for a conforming 30-year mortgage ticked up from 4.32 to 4.40 percent over the past week. The current 30-year rate is within 18 basis points of the 34-month high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average rate for a 30-year fixed Read More »

Fixed Mortgage Rates Tick Up, Jumbos Remain Relatively Cheap

Fixed Mortgage Rates Tick Up, Jumbos Remain Relatively Cheap

The average rate for a conforming 30-year mortgage ticked up from 4.33 to 4.37 percent over the past week and is within 21 basis points of the 33-month high rate of 4.58 percent recorded this past August. The average rate for a 30-year fixed mortgage was 3.51 percent at this time last year while the Read More »

Stock Market Rockets After Fed Announces Stimulus Cuts

As we noted last month, the minutes from the Federal Open Market Committee’s October meeting suggested that the Fed was “likely to trim their monthly purchase of $85 billion in bonds “in coming months,” perhaps even “before an unambiguous further improvement in the outlook apparent.” This afternoon the Fed announced it would Read More »