Yields on the 10-year Treasury, after a brief dip at the start of the week, returned to the upper 4.2% range, even briefly breaking 4.3%, in reaction to inflationary pressures from the Iran conflict. Processing Content In turn, this led mortgage rates to increase by 11 basis points for the second consecutive week, the Freddie […]
Inflation drives mortgage rates to 2026 high point Read More »
In a widely expected move, the Federal Reserve held its benchmark interest rate steady Wednesday at a target range of 3.5% to 3.75%, the same level it set in January. “Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has been little
Fed holds rates, officials signal wait and see on inflation risks Read More »
US mortgage rates jumped last week to the highest level of the year, leading to a sharp pullback in refinancing activity. Processing Content The contract rate on a 30-year mortgage rose 11 basis points to 6.30% in the week ended March 13 following a similar advance at the week before, according to Mortgage Bankers Association
Mortgage rates hit highest this year, slowing refinancing Read More »
Older Americans now hold as much real estate wealth as middle-aged homeowners, illustrating the widening gaps in homeownership access and long-term home price gains. An analysis from Redfin, based on data from the Federal Reserve Board, found that Americans ages 70 and older controlled roughly 26% of the nation’s $48 trillion in real estate wealth
Older Americans maintain record share of housing wealth Read More »
Mortgage rates saw moderate increases in the past week as global economic uncertainty around the U.S.-Iran conflict continues, putting a damper on what was previously expected to be a brisk spring homebuying season. Mortgage News Daily reported Friday that 30-year fixed rates spiked to a seven-month high point of 6.41% before retreating to 6.36% on
Mortgage rates rise amid U.S.-Iran uncertainty Read More »
Treasuries opened better this morning, the 5-year below Friday’s lowest yield, but now a lot of damage needs to be undone. Processing Content Friday’s closes were mixed, the same as the openings, but the losses for the week were the largest in nearly a year. After months of sideways trading, on January 20th the 5-year
Treasury yields may still be headed higher Read More »
Lower mortgage rates and less volatility have been one of the key positive stories in 2026 for the housing market. Until last week, rates were under 6.25% all year and we didn’t see much volatility, which is a key variable for a healthy housing market. However, a lot of that changed last week as the
Housing demand still positive, but for how long with rising rates? Read More »
iBuyer Opendoor’s recently launched mortgage product — which promises below-market interest rates after the company removed its markup — has sparked debate across the industry about who absorbs the cost and whether the model is sustainable. Some industry professionals view the offering as similar to the strategy many homebuilders use — providing below-market mortgage rates
Is Opendoor playing the builder rate buydown game? Read More »
Mortgage rates zoomed up 11 basis points this week as the Iran war wreaked havoc on oil prices, putting both the bond and equity markets in turmoil. Processing Content The 30-year fixed-rate mortgage averaged 6.11% on March 12, the Freddie Mac Primary Mortgage Market Survey reported. This compared with last week’s 6% and a year
Iran war pushes mortgage rates near yearly high Read More »
US mortgage rates increased last week by the most since September, a setback for a housing market that had been enjoying easing financing costs this year. Processing Content The contract rate on a 30-year mortgage rose 10 basis points to 6.19% in the week ended March 6, according to Mortgage Bankers Association data released Wednesday.
Mortgage rates climb to 6.19% in biggest gain since September Read More »