Strong Jobs Report Threatens Mortgage Rate Rally
October hiring more than doubled expectations, pushing Treasury yields higher
Tagged: Mortgage Rates
California Home Sales Drop 6.5%, Prices Keep Climbing
September’s decline leaves originators competing for fewer purchases, while rising borrowing costs and limited new listings keep affordability under pressure
Home Prices Are Still Rising, But More Metros Are Losing Momentum
Thirty-one of the 100 largest markets posted three-month price declines in August, even as national prices remained above year-earlier levels
The Fed Holds Rates Steady
The Fed maintains the federal funds rate between 4.25% and 4.5%
Mortgage Activity Subdued Amidst Enduring Affordability Pressures
Declining lock volumes and applications signal difficult conditions ahead with volatility on the upswing
30-Year Fixed-Rate Mortgage Rises Two Basis Points This Week
Average mortgage rate 6.49% on Aug. 15
Mortgage Rates Continue To Move Down
The 30-year FRM averaged 6.95% as of June 13, 2024, down from last week when it averaged 6.99%.
Mortgage Rates Continue Their Ascent
The 30-year FRM averaged 7.17% as of April 25, 2024, up from last week, when it averaged 7.10%.
Housing Payments On A 5-Week Decline
Redfin's study shows monthly mortgage payments dropping $164 from peak.
