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 […]
Mortgage Rates Continue to Rise, But Fed Leaves Benchmark Rate Unchanged
Mortgage rates continued to increase, rising another eight basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of July 30th. This leaves rates at their highest levels in a year, driven by inflation fears, rising oil prices from Middle East conflicts, and the Federal Reserve holding interest rates steady. Still, […]
Rates Continue to Rise, Initial Claims For Unemployment at Lowest Level Since 1969
Mortgage rates increased three basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of July 23rd. This puts the 30-year fixed rate at an 11-month high. Rates have been pushed higher by inflation and unrest in the Middle East. While inflation slowed to an annual pace of 3.5% in June, […]
Rates up for Second Week, But Consumer Prices Post Biggest Decline In Six Years
Mortgage rates increased by another six basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of July 16th. This puts the 30-year fixed rate at its highest point since late August 2025. Although purchase application demand has weakened recently, housing affordability is more favorable and housing inventory continues to rise, […]
Rates Up but Rangebound, Fed Minutes Reveal Concern About Inflation
Mortgage rates increased by six basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of July 9th. This puts them right back where they were two weeks ago and leaves them in a very narrow 10-basis point band for the past eight weeks. Economic growth and housing affordability continue […]
Mortgage Rates at Seven Week Low, Fed Reserve Chairman Signals New Direction
Mortgage rates eased slightly, decreasing by six basis points last week according to the Freddie Mac Primary Mortgage Market Survey as of July 2nd. With rates at a seven-week low and purchase demand continuing to edge higher, it’s an encouraging sign as prospective homebuyers respond to modest improvements in affordability. Mortgage applications increased 0.04 percent […]
