Slight Increase in Mortgage Rates, But Fed Cuts Fed Funds Rate As Expected
Mortgage rates increased three basis points last week according to the Freddie Mac Primary Mortgage Market Survey released on December 11th. Despite this increase, on both the same period last year and year to date basis, current rates are nearly 40 basis points lower. This helps provide a sense of balance to the housing market. […]
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 […]
Mortgage Rates Decrease Slightly, Labor Market Shows Further Signs of Weakening
Mortgage rates decreased three basis points last week according to the Freddie Mac Primary Mortgage Market Survey released on November 26th. Heading into the Thanksgiving holiday, pending home sales are at the highest level since last November and homebuyer activity continues to show resilience as we near year end. Mortgage applications increased 0.2 percent from […]
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 […]
Mortgage Rates Continue to Decrease as Consumer Confidence Dips
Mortgage rates decreased for the second week in a row, falling by another three basis points according to the Freddie Mac Primary Mortgage Market Survey released October 16th. Rates have held relatively steady over the past several weeks. More importantly, homeowners have noticed these consistently lower rates, driving an uptick in refinance activity. Combined with […]
Rates Down Slightly as Government Shutdown Enters Its Second Week
Mortgage rates decreased by four basis points according to the Freddie Mac Primary Mortgage Market Survey released on October 9th. Over the last few weeks, mortgage rates have settled in at their lowest level in about a year. There is growing evidence that homebuyers are digesting these lower rates and are gradually willing to move […]
