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. […]
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 […]
