Benchmark Mortgage Rate Inches Down to 6.79 Percent
With the expected value of the Fed’s rate cuts holding at a total of three (3) quarter-point rate cuts in 2024, as we first calculated a few weeks ago and…
San Francisco real estate tips, trends and the local scoop: "Plug In" to SocketSite™
With the expected value of the Fed’s rate cuts holding at a total of three (3) quarter-point rate cuts in 2024, as we first calculated a few weeks ago and…
As we first calculated a couple weeks ago, “the expected value of the Fed’s rate cuts this year has effectively held firm forecasting a total of three (3) quarter-point rate…
The average rate for a benchmark 30 year mortgage dropped 14 basis points (0.14 percentage points) over the past week to 6.74 percent, which is still 14 basis points higher…
Purchase mortgage application volume in the U.S., which is a leading indicator for sales, ticked up 6 percent over the past week in the absolute and 5 percent on a…
The average rate for a benchmark 30 year mortgage inched down 6 basis points (0.06 percentage points) over the past week to 6.88 percent, which is only 15 basis points…
Following a key trend that shouldn’t catch any plugged-in readers by surprise, the average rate for a benchmark 30 year mortgage ticked up another 13 basis points (0.13 percentage points)…
Despite some misreports of a “market rebound” last week, purchase mortgage application volume in the U.S. dropped another 6 percent in the absolute, representing a 10 percent drop on a…
As we projected, the net number of condos and single-family homes listed for sale in San Francisco (i.e., inventory) continues to climb, having ticked up another 7 percent over the…
As we outlined last week, prior to a market shock that appears to have caught some by surprise, the expected value of the Fed’s interest rate cuts this year was…
Having dropped back down to its lowest level in over a decade at the end of last year, mortgage credit availability inched up 0.7 percent last month, with a 1.9…