Rates Continue to Rise, But Job Growth Slows
Mortgage rates increased for the seventh week in a row, rising 12 basis points according to the Freddie Mac Primary Mortgage Market Survey as of October 8th This rate is at a three-year high and marks the seventh consecutive weekly increase, pushing borrowing costs to their highest level since November 2023. Economists note that […]
A Steep Rise in Mortgage Rates as Inflation Fears Persist
Mortgage rates increased for the sixth week in a row, rising 25 basis points according to the Freddie Mac Primary Mortgage Market Survey as of October 1st. This brings the 30-year fixed rate to its highest level in nearly three years. This trend is driven by two main forces. First, a bond sell-off driven by […]
Hawkish Federal Reserve Sentiment Continues to Drive Rates Higher
Mortgage rates continued to increase last week, up another 8 basis points according to the Freddie Mac Primary Mortgage Market Survey as of September 24th. This marks the fifth consecutive week of increases in the 30-year fixed rate mortgage and puts the average rate above 7.00% for the first time since January 2025. With […]
Rates Increase Significantly Based on 10-Year Treasury Runup and Inflation Concerns
Mortgage rates rose significantly last week, up nineteen basis points according to the Freddie Mac Primary Mortgage Market Survey as of September 17th. This sudden spike marks the biggest one-week increase since April 2025 and pushes home borrowing costs to their highest point since January 2025. This marks the fourth consecutive week of increases, […]
Rates Continue to Increase As Strong Job Growth Fuels Fed Concerns
Mortgage rates rose for the third week in a row, pushing the average long-term U.S. home loan rate to its highest level in over 14 months. The benchmark 30-year fixed mortgage rate increased by six basis points last week, according to the Freddie Mac Primary Mortgage Market Survey as of September 10th. Mortgage rates […]
Mortgage Rates Rise as Fed Chairman Warsh Expresses Inflation Concerns
Mortgage rates increased by five basis points last week, according to the Freddie Mac Primary Mortgage Market Survey as of September 3rd. Purchase demand remained relatively stable, indicating steady interest from buyers adapting to evolving market conditions. Mortgage applications increased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly […]
Mortgage Rates Remain Unchanged but Single-Family Homes Sales Tumble
Mortgage rates remained essentially unchanged, increasing by one basis point last week, according to the Freddie Mac Primary Mortgage Market Survey as of August 27th. The economy remains resilient, demonstrated by steady consumer spending and rising household incomes. More homes coming on the market and slower price growth in many areas are giving buyers better […]
Rates Fall Slightly as Americans Pull Back on Retail Spending
Mortgage rates fell slightly again for the second week, declining by another two basis points, according to the Freddie Mac Primary Mortgage Market Survey as of August 20th. Recent economic data, including a lower-than-anticipated Producer Price Index, helped ease bond yields and borrowing costs. However, affordability constraints and elevated rates continue to weigh on the […]
Mortgage Rates Ease Slightly as the Labor Market Softens
Mortgage rates were slightly lower last week, declining two basis points, according to the Freddie Mac Primary Mortgage Market Survey as of August 13th. Housing affordability has improved from a year ago, and recent increases in purchase and refinance applications suggest that borrowers continue to respond to even modest changes in mortgage rates. Mortgage […]
Rates Continue to Increase, But Consumer Sentiment Improves
Mortgage rates increased for the fifth week in a row, climbing another three basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of August 6th. While mortgage rates continue to influence affordability, the housing market is showing signs of adjustment, with listing prices modestly below year-ago levels and for-sale inventory […]
