Articles Recently Tagged: Mortgage Rates

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Mortgage Rates Drop to a 9-Month Low, Application Volume Jumps

Mortgage Rates Drop to a 9-Month Low, Application Volume Jumps

Having shed 6 basis points over the past week, the average rate for a benchmark 30-year mortgage has dropped to 4.45 percent, which is 49 basis points below the 7-year high of 4.94 percent it hit this past November and a 9-month low but still 46 basis points above... Read More »

Mortgage Rates End the Year Half a Point Higher

Mortgage Rates End the Year Half a Point Higher

Having hit a 7-year high of 4.94 percent last month, the average rate for a benchmark 30-year mortgage has since dropped 39 basis points, including 7 basis points over the past week, to 4.55 percent but remains 56 basis points above its mark at the same time last year,... Read More »

The Fed Raises Rates, Signals Two More Hikes in 2019

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 »

Benchmark Mortgage Rate Drops to a Three-Month Low

Benchmark Mortgage Rate Drops to a Three-Month Low

The average rate for a benchmark 30-year mortgage has dropped 18 basis points over the past two weeks to 4.63 percent, which remains 70 basis points above its mark at the same time last year but represents a three-month low, according to Freddie Mac’s latest Mortgage Market Survey data.... Read More »

Benchmark Mortgage Rate Holding, Odds of a Rate Hike Tick Up

Benchmark Mortgage Rate Holding, Odds of a Rate Hike Tick Up

Having dropped 13 basis points over the past two weeks, the average rate for a benchmark 30-year mortgage is now holding around 4.81 percent, which remains 91 basis points higher than at the same time last year and within 24 basis points of an eight-year high, according to Freddie... Read More »

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 »

The Fed Raises Rates, Signals Another Hike in 2018

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 »