Daily Rate Update: January 17th-21st

Thursday – January 19, 2022 Low inventories continue to be thorn in the side of potential home buyers across the nation, while mortgage rates continue to increase. December Existing Home Sales fell 4.6% from November to an annual rate of … Read More

Daily Rate Update: January 10th-14th

Thursday – January 13, 2022 Home borrowing costs rose to near levels seen in late March of 2020 (3.50%) this week though they remain historically low. Freddie Mac reports that the 30-year fixed-rate mortgage rose 23 basis points to 3.45% … Read More

Daily Rate Update: January 3rd-7th

Thursday – December 6, 2022 Home borrowing costs rose to near levels seen in April of 2021 this week and remain historically low. Freddie Mac reports that the 30-year fixed-rate mortgage rose 11 basis points to 3.22 with 0.7 in … Read More

Daily Rate Update: December 13th-17th

Thursday – December 16, 2021 Home borrowing costs are essentially unchanged this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage rose two basis points to 3.12% with 0.6 in points and fees. The … Read More

Daily Rate Update: December 6th-10th

Thursday – December 9, 2021 Home borrowing costs are essentially unchanged this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage is 3.10% with 0.6 in points and fees. The record low was 2.65% … Read More

Daily Rate Update: 11/29/2021-12/03/2021

Thursday – December 2, 2021 Home borrowing costs are essentially unchanged this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage is 3.11% with 0.6 in points and fees. The record low was 2.65% … Read More

Daily Rate Update: November 22nd-26th

Wednesday – November 24, 2021 Sales of new single‐family houses rose 0.4% in October from September to an annual rate of 745,000, reports the U.S. Census Bureau. However, sales plunged 23.1% from October’s 2020 estimate of 969,000. The median sales … Read More

Daily Rate Update: November 15th-19th

Thursday – November 18, 2021 Home borrowing costs inched higher this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage rose three basis points to 3.01% with 0.7 in points and fees. The record … Read More

Daily Rate Update: November 8th-12th

Wednesday – November 10, 2021 Home borrowing costs fell this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage declined 11 basis points to 3.28% with 0.7 in points and fees. The record low … Read More

Daily Rate Update: November 1st-5th

Thursday – November 4, 2021 Home borrowing costs fell this week and remain just above historic lows. Freddie Mac reports that the 30-year fixed-rate mortgage declined five basis points to 3.09% with 0.7 in points and fees. The record low … Read More

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