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SocketSite
2 years ago
Business

Benchmark Mortgage Rate Drops along with Probability of a Hike

Mortgage rates dropped to 3.43%, down 5 basis points, approaching record low rates from 2012.
Refinancing activity surged by over 50% compared to last year, purchase activity increased by 6%.
Fed decision to keep target Federal Funds Rate steady led to a drop in rates and reduced probability of second rate hike. [ more ]
SFGATE
3 months ago
Data science

U.S. mortgage rates top 7% again, weakening demand for homes

US mortgage rates surpassed 7% for the first time in a month
Home purchase applications dropped significantly last week. [ more ]
SocketSite
2 years ago
Business

Benchmark Mortgage Rate Drops along with Probability of a Hike

Mortgage rates dropped to 3.43%, down 5 basis points, approaching record low rates from 2012.
Refinancing activity surged by over 50% compared to last year, purchase activity increased by 6%.
Fed decision to keep target Federal Funds Rate steady led to a drop in rates and reduced probability of second rate hike. [ more ]
SFGATE
3 months ago
Data science

U.S. mortgage rates top 7% again, weakening demand for homes

US mortgage rates surpassed 7% for the first time in a month
Home purchase applications dropped significantly last week. [ more ]
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