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 […]
Final Day of The Year Brings Lowest Rates of the Year
Mortgage rates decreased for the third week in a row, down another three basis points last week according to the Freddie Mac Primary Mortgage Market Survey released on December 31st. After starting the year close to 7%, this is an 85-basis point improvement and its lowest level in 2025, an encouraging sign for potential homebuyers […]
Heading into the Christmas Holiday, Rates Dip Lower
Mortgage rates decreased for the second week, down three basis points last week according to the Freddie Mac Primary Mortgage Market Survey released on December 24th. This is nearly 70 basis points lower than the same period last year and is a welcome holiday gift for aspiring homebuyers. Mortgage applications decreased 5.0 percent from […]
Mortgage Rates Drop Slightly as U.S. Shoppers Fuel Solid Retail Sales Growth
Mortgage rates decreased one basis-point last week according to the Freddie Mac Primary Mortgage Market Survey released on December 18th. The average 30-year fixed-rate mortgage has remained within a narrow 10-basis point range over the last two months. With rates down half a percent over last year, purchase applications are 10% above the same time […]
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 […]
