Articles Recently Tagged: Mortgages

(46 posts)
Benchmark Mortgage Rate Drops to 4.14%

Benchmark Mortgage Rate Drops to 4.14%

Having ticked up to 4.30 percent two weeks ago with the probability of the Fed’s second rate hike already priced-in, the average rate for a benchmark 30-year mortgage has since dropped 16 basis points to 4.14 percent. That’s still 43 basis points above the 3.71 percent average rate in... Read More »

Mortgage Rates Near a Three-Year High

Mortgage Rates Near a Three-Year High

Measured prior to the Fed’s rate hike yesterday but with the probability already priced in, the average rate for a benchmark 30-year mortgage ticked up another 9 basis points over the past week to 4.30 percent, nearing the 4.32 percent rate in place at the end of last year,... Read More »

Benchmark Mortgage Rate Hits 16-Month High, Hike Nearly Certain

Benchmark Mortgage Rate Hits 16-Month High, Hike Nearly Certain

For the first time this year, the average rate for a benchmark 30-year mortgage is over 4 percent. And having jumped 46 basis points over the past two weeks, a move which shouldn’t have caught any plugged-in readers by surprise, the prevailing 4.03 percent average rate is the highest... Read More »

Mortgage Rates Rocket along with Probability of a Hike

Mortgage Rates Rocket along with Probability of a Hike

In a move that shouldn’t catch any plugged-in readers by surprise, the average rate for a 30-year mortgage rocketed up 37 basis points over the past week to 3.94 percent, which is the highest average rate in eleven months but still 3 basis points below the 3.97 percent rate... Read More »

Benchmark Mortgage Rate Bouncing around Four Month High

Benchmark Mortgage Rate Bouncing around Four Month High

The average rate for a 30-year mortgage ticked up 7 basis points over the past week to 3.54 percent, which is the highest rate since the end of June but only 23 basis points above an all-time low of 3.31 percent and 33 basis points below the 3.87 percent... Read More »

Benchmark Mortgage Rate Hits Four-Month High, Odds of a Hike Up

Benchmark Mortgage Rate Hits Four-Month High, Odds of a Hike Up

Having ticked down to within 11 basis points of an all-time low two weeks ago, the average rate for a 30-year mortgage has since moved up 10 basis points to 3.52 percent, which is the highest rate in four months but remains 27 basis points below the 3.79 percent... Read More »

Benchmark Mortgage Rate Moves up along with Probability of a Hike

Benchmark Mortgage Rate Moves up along with Probability of a Hike

Having ticked down to within 11 basis points of an all-time low last week, the average rate for a 30-year mortgage moved up 5 basis points to 3.47 percent over the past week but remains 40 basis points below the 3.82 percent rate in place at the same time... Read More »

Benchmark Mortgage Rate Inches up, Odds of a Rate Hike Hold

Benchmark Mortgage Rate Inches up, Odds of a Rate Hike Hold

The average rate for a 30-year mortgage inched up 3 basis points to 3.46 percent over the past week following Fed Chair Janet Yellen’s monetary policy speech which suggested the Fed will move to institute a second Federal Funds rate hike sooner rather than later. The probability of the... Read More »

Even Odds of a Rate Hike by the End of the Year

Even Odds of a Rate Hike by the End of the Year

The average rate for a 30-year mortgage (3.43 percent) hasn’t moved much over the past month. But with traders poised to dissect tomorrow’s scheduled “Monetary Policy Toolkit” speech by Federal Chair Janet Yellen, looking for hints of whether – or rather when – the Fed will hike the Federal... Read More »

Benchmark Mortgage Rate Drops along with Probability of a Hike

Benchmark Mortgage Rate Drops along with Probability of a Hike

Having ticked up over the past three weeks, the average rate for a benchmark 30-year mortgage has dropped to 3.43 percent, which is down 5 basis points over the past week and within 12 basis points of the all-time low rate of 3.31 percent recorded in November 2012. And... Read More »