Mortgage Rates Remain Lower and Steady, Fed Holds Steady
Mortgage rates increased one basis point last week according to the Freddie Mac Primary Mortgage Market Survey released on January 29th. Mortgage rates remain near their lowest levels in three years, which is encouraging for potential homebuyers who have waited to enter the market for some time. Lower rates, combined with strong income growth, have […]
Rates Increase Slightly but Are Still Low Enough to Spur Refinance Activity
Mortgage rates increased three basis points last week according to the Freddie Mac Primary Mortgage Market Survey released on January 22nd. With the economy improving and the average 30-year fixed-rate mortgage nearly a percentage point lower than last year, more homebuyers are entering the market. Mortgage applications increased 14.1 percent from one week earlier, according […]
Rates Fall Significantly on Announcement of Increased MBS Purchases by the GSE’s
Mortgage rates decreased ten basis points last week according to the Freddie Mac Primary Mortgage Market Survey released on January 15th. Late last week, mortgage rates dropped, driving the weekly average down to its lowest level in more than three years. The impacts are noticeable, as weekly purchase applications and refinance activity have jumped, underscoring […]
Mortgage Rates Remained Virtually Unchanged During the Holiday Period
Mortgage rates increased one basis point last week according to the Freddie Mac Primary Mortgage Market Survey released on January 8th. In the first full week of the new year, mortgage rates remained within a narrow range, hovering close to the 6% mark. The combination of solid economic growth and lower rates has led to […]
Rates Continue Their Gradual Decline, Fed Has Upcoming Rate Decision Next Week
Emerging from the Thanksgiving holiday, mortgage rates decreased another four basis points last week according to the Freddie Mac Primary Mortgage Market Survey released on December 4th. With rates trending generally lower in the second half of this year, mortgage rates are half a percent lower compared to this time last year, creating a more favorable […]
Rates Remain Flat for Third Week as Fed Weights December Rate Decision
Mortgage rates increased another two basis points again last week according to the Freddie Mac Primary Mortgage Market Survey released on November 20th. This is the third small increase in as many weeks as both the 30 year and 15 year fixed rate mortgages have remained essentially flat. This is helping stimulate purchase activity. Mortgage […]
Mortgage Rates Essentially Unchanged as both Consumer and Business Sentiment Slump
Mortgage rates increased two basis points last week, according to the Freddie Mac Primary Mortgage Market Survey released on November 13th. Although this is the second small increase in as many weeks, rates have essentially remained flat this week, but purchase activity increased, which is encouraging. Mortgage applications increased 0.6 percent from one week earlier, […]
Mortgage Rates Increase Slightly, and New Data Sources on the Horizon
Mortgage rates increased five basis points last week, according to the Freddie Mac Primary Mortgage Market Survey released on November 6th. This is the first uptick in the past five weeks, but it is still well below the rates that we saw for the first half of the year and much of the summer. On […]
Mortgage Rates Decrease Slightly as Fed Makes Widely Anticipated Rate Cut
Mortgage rates decreased another two basis points last week, according to the Freddie Mac Primary Mortgage Market Survey released on October 30th. This is the fourth week in a row that mortgage rates have continued to trend down and are now 55 basis points lower than this same time last year. The last few months […]
Rates Fall to Their Lowest Point This Year, Existing Home Sales Soar to Seven Month High
Mortgage rates decreased another eight basis points according to the Freddie Mac Primary Mortgage Market Survey released on October 23rd. This is the third week in a row that mortgage rates have continued to trend down, now at their lowest level in over a year. At the start of 2025, the 30-year fixed-rate mortgage surpassed […]
