Articles Recently Tagged: The Fed

(31 posts)
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 »

Benchmark Mortgage Rate Nearing an All-Time Low

Benchmark Mortgage Rate Nearing an All-Time Low

With the unexpected result of the Brexit vote roiling the financial markets, resulting in a flight to quality and driving the yield on the 10-year Treasury down, the average rate for a benchmark 30-year mortgage has dropped to 3.48 percent, the lowest rate in over three years and within... Read More »

Benchmark Mortgage Rate Is Back to a Three-Year Low

Benchmark Mortgage Rate Is Back to a Three-Year Low

The average rate for a benchmark 30-year mortgage has dropped to 3.54 percent, the lowest rate in three years and 43 basis points below the 3.97 percent rate in place prior to the Fed’s first rate hike in December. The current rate is 46 basis points below the 4.00... Read More »

Mortgage Rates Tick up but Remain near Three-Year Lows

Mortgage Rates Tick up but Remain near Three-Year Lows

Having dropped to a three-year low of 3.57 percent, the average rate for a benchmark 30-year mortgage has ticked up 7 basis points to 3.64 percent over the past two weeks but remains 33 basis points below the 3.97 percent rate in place prior to the Fed’s first rate... Read More »

Benchmark Mortgage Rate Drops to Three-Year Low

Benchmark Mortgage Rate Drops to Three-Year Low

The average rate for a benchmark 30-year mortgage has dropped to 3.57 percent, the lowest rate in three years and 40 basis points below the 3.97 percent rate in place prior to the Fed’s first rate hike in December. The current rate is 28 basis points below the 3.85... Read More »

Benchmark Mortgage Rate Levels off, Potential for a Dip

Benchmark Mortgage Rate Levels off, Potential for a Dip

The average rate for a benchmark 30-year loan has held at 3.71 percent for the second week in a row, which is 1 basis point above the average rate at the same time last year and 26 basis points below the 3.97 percent rate in place prior to the... Read More »

Mortgage Rates Move up While Expectations for a Hike Dip

Mortgage Rates Move up While Expectations for a Hike Dip

The average rate for a benchmark 30-year loan has ticked up for the third week in a row, but the current 3.73 percent rate remains 5 basis lower versus the same time last year and 24 basis points below the 3.97 percent rate in place prior to the Fed’s... 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 »

The Fed Institutes a Rate Hike, Signals Four More in 2016

As predicted, the Federal Reserve has just raised interest rates for the first time since 2006, upping the target federal funds rate by 0.25 percent and signaling expectations for another four quarter-point increases in 2016. The Fed’s move raises the target federal funds rate from the near-zero mark it... Read More »