Articles Recently Tagged: Mortgages

(29 posts)
Benchmark Mortgage Rate Drops to One-Year Low

Benchmark Mortgage Rate Drops to One-Year Low

The average rate for a benchmark 30-year loan has dropped to 3.59 percent, down 12 basis points over the past week to the lowest rate in over a year and 38 basis points below the 3.97 percent rate in place prior to the Fed’s first rate hike in December.... Read More »

Benchmark Mortgage Rate Nearing Three-Year Low

Benchmark Mortgage Rate Nearing Three-Year Low

The average rate for a benchmark 30-year loan dropped to 3.62 percent over the past week and is within 3 basis points (0.03) of its lowest rate since mid-2013 as concerns about a global slowdown and market weakness continue to drive the 10-year Treasury yield down. The average 30-year... Read More »

Benchmark Mortgage Drops to One-Year Low, Odds of a Hike: Nil

Benchmark Mortgage Drops to One-Year Low, Odds of a Hike: Nil

Mortgage rates have dropped for the sixth week in a row and the average rate for a benchmark 30-year loan has dropped to 3.65 percent, matching its one-year low and within 6 basis points of its lowest rate since 2013 as concern about a global slowdown and market weakness... Read More »

Mortgage Rates Drop on Market Weakness

Mortgage Rates Drop on Market Weakness

Having slipped below 4 percent last week, the average rate for a benchmark 30-year mortgage has dropped another 5 basis points to 3.92 percent as concern about a global slowdown grows and the resultant flight-to-quality continues to drive the 10-year Treasury yield down. And with the markets roiled, the... Read More »

Benchmark Mortgage Rate Drops following First Rate Hike

Benchmark Mortgage Rate Drops following First Rate Hike

With the 10-year treasury yield trading down following the Fed’s first rate hike in nearly a decade, we were expecting the average 30-year mortgage rate to drop rather than rise. And over the past week, the average rate for the benchmark 30-year mortgage ticked down 1 basis point to... Read More »

Mortgage Rates on the Move…Down?

Mortgage Rates on the Move…Down?

While the average rate for a 30-year mortgage ticked up 2 basis points over the past week to 3.97 percent, the 10-year Treasury yield, which typically drives mortgage rates, is currently trading down 4 basis points for the day. And if the trend holds, the average 30-year mortgage rate,... Read More »

Bank Will No Longer Knowingly Finance Ellis Actors

Facing protests over their role in providing “displacement mortgages” to those who buy tenant-occupied buildings and then invoke the Ellis Act in order to flip the property or occupy it themselves sans tenants, First Republic Bank will now ask mortgage applicants if they intend to repurpose their target property... Read More »

Little Movement In 30-Year Mortgage Rate

Little Movement In 30-Year Mortgage Rate

The average rate for a conforming 30-year fixed-rate mortgage ticked up a nominal 2 basis points, from 4.10 percent to 4.12 percent, over the past week.  With little movement over the past three months, the 30-year rate remains near its 62-week low, having last dropped below 4.10 percent in June... Read More »

Benchmark Mortgage Rate Drops To Ten-Month Low

Benchmark Mortgage Rate Drops To Ten-Month Low

The average rate for a conforming 30-year fixed-rate mortgage has ticked down to 4.10 percent, the lowest rate since October of 2013 when it last dipped to 4.10 percent for a week. Averaging around 6.7 percent over the past twenty years, the 30-year rate hit  a three-year high of 4.58... Read More »

30-Year Mortgage Rate Drops To 2014 Low

The average rate for a conforming 30-year mortgage ticked down to 4.12 percent over the past week, matching the 2014 low last recorded in May and the lowest rate since October of 2013 when it dipped to 4.10 percent. Averaging around 6.7 percent over the past twenty years, the 30-year rate... Read More »