Whether you're looking to buy or refinance, our daily rates pieces will help you stay up to date on the market's average rates.
Core goods PPI has now risen by 2% over the last year, a fair enough number but also one that is part of a firmer trend that began after an April bottom of 1.5%. Service costs as tracked by PPI rose by 0.2% in September and have risen by 3.1% over the last year, returning to ...
16, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.44 percent. “For the third straight week, mortgage rates trended down, as new data indicates ...
In the 2010s, the 30-year mortgage rate trended downward, beginning in the 4 percent range, dipping under the 4 percent mark and then ending the decade back in that range. These low rates were brought on in part by the Federal Reserve’s Great Recession-era policies. ...
06/09/2022 [-] Mortgage rates rise in latest week, as demand for housing cools Freddie Mac 04/02/2022 [-] Mortgage rates zoom past 4.5% — here’s what home buyers need to know 01/20/2022 [-] Bad news for first-time buyers Mortgage rates rise to pandemic-era high...
Thus far in 2024, the trend does not seem to have abated. Dallas Tanner, CEO of Invitation Homes, described the problem in March as a “perfect storm”—created by the combination of cheap money before the Fed raised rates impacting borrowing, high demand for homes, and regulations at local...
View today's current mortgage rates with our national average index, calculated daily to bring you the most accurate data when purchasing or refinancing your home.
Mortgage rates edged slightly higher in the week ending July 25, but are still near their lowest levels since spring. The 30-year fixed-rate mortgage averaged 6.69%, up two basis points from the previous week's average, according to rates provided to NerdWallet by Zillow. A basis point is...
Mortgage rates should begin to trend downward later in 2024 if the Federal Reserve lowers the Fed funds rate at any of its remaining meetings this year, as it signaled that it may do if inflation can be sustainably moderated, i.e. moving in the direction of the 2% target level. The Fed...
Mortgage rates are not directly tied to any of these factors but are indirectly influenced by their current levels and consensus predictions on how they will trend in the near future. Mortgage rates have risen significantly since the Federal Reserve began raising the federal funds rate in March ...