Rates Continue to Increase, But Consumer Sentiment Improves
Mortgage rates increased for the fifth week in a row, climbing another three basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of August 6th. While mortgage rates continue to influence affordability, the housing market is showing signs of adjustment, with listing prices modestly below year-ago levels and for-sale inventory […]
Mortgage Rates Continue to Rise, But Fed Leaves Benchmark Rate Unchanged
Mortgage rates continued to increase, rising another eight basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of July 30th. This leaves rates at their highest levels in a year, driven by inflation fears, rising oil prices from Middle East conflicts, and the Federal Reserve holding interest rates steady. Still, […]
Rates Continue to Rise, Initial Claims For Unemployment at Lowest Level Since 1969
Mortgage rates increased three basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of July 23rd. This puts the 30-year fixed rate at an 11-month high. Rates have been pushed higher by inflation and unrest in the Middle East. While inflation slowed to an annual pace of 3.5% in June, […]
Rates up for Second Week, But Consumer Prices Post Biggest Decline In Six Years
Mortgage rates increased by another six basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of July 16th. This puts the 30-year fixed rate at its highest point since late August 2025. Although purchase application demand has weakened recently, housing affordability is more favorable and housing inventory continues to rise, […]
Rates Up but Rangebound, Fed Minutes Reveal Concern About Inflation
Mortgage rates increased by six basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of July 9th. This puts them right back where they were two weeks ago and leaves them in a very narrow 10-basis point band for the past eight weeks. Economic growth and housing affordability continue […]
Mortgage Rates at Seven Week Low, Fed Reserve Chairman Signals New Direction
Mortgage rates eased slightly, decreasing by six basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of July 2nd. With rates at a seven-week low and purchase demand continuing to edge higher, it’s an encouraging sign as prospective homebuyers respond to modest improvements in affordability. Mortgage applications increased 0.04 percent […]
Mortgage Rates Hold Steady, But Inflation Heats Up
Mortgage rates increased by two basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of June 15th. Rates have remained relatively stable over the last six weeks. Meanwhile, purchase activity eased modestly, and refinance activity has continued to pick up recently, reflecting borrowers’ responsiveness to current rate levels. Mortgage applications […]
Mortgage Rates Decrease Amid Strong Retail Sales Growth
Mortgage rates decreased by five basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of June 18th. Incoming data continues to reflect a resilient consumer, with retail sales improving and pending home sales strengthening, suggesting purchase demand is continuing to modestly improve. Mortgage applications decreased 3.8 percent from one week […]
Rates Increase Slightly Amidst Strong Job Growth and Higher Inflation
Mortgage rates increased by four basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of June 11th. Stronger employment momentum has helped existing home sales reach a five-month high. Importantly, homebuyers are looking past the short-term rate fluctuations and actively entering the market, signaling renewed confidence in homeownership opportunities. Mortgage […]
Rates Decrease Amid Higher Claims for Unemployment Benefits
Mortgage rates decreased by five basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of June 4th. Although rates have generally been on an upwards swing since late April, they are still 37 basis points lower than in the same period last year. With mortgage rates in the mid-6% range […]
