Lower gas prices = lower mortgage rates (1/19/2015)
Lower oil prices mean lower inflation, which pushes down mortgage rates. The gas price drop should help any buyer who doesn’t live in major oil-producing regions.
Average rate on 30-year mortgage falls to 3.66% OMG (1/16/2015)
After three weeks of FRM drops, the rate is now 3/4’s of a point lower year-to-year, resulting in a surge of new applications that hit a six-year high.
Mortgage rates hit new lows – few buyers biting (1/9/2015)
At 3.73%, the average 30-year FRM hit its lowest point since May 2013, and more than half (55%) of Bankrate.com experts predict further decline in the short term.
Little certainty in 2015 mortgage rate forecasts (1/7/2015)
In early 2014, most forecasters predicted mortgage rates would rise to 5% by now – and they were wrong. While most predict 5% again in 2015, a few now disagree.
End-of-year mortgage rates remain below 4% (1/5/2015)
According to Freddie Mac, the average mortgage rate stood at 3.87% by the end of 2014 – a slight week-to-week increase.
30-year mortgage rate drops below 4% (11/21/2014)
The average FRM declined to 3.99%. “If planning to buy a home in the next year, it’s better to do it sooner rather than later,” says Freddie Mac economist.
Average 30-year loan rate slips to 4.01% (11/14/2014)
The average FRM fell only slightly lower for the week, and most experts (70%) predict it will stay there over the short term.
Mortgage rates will rise – but when? (10/13/2014)
Potential buyers aren’t too worried about higher mortgage rates. They’ve been stable for weeks. But experts predict something above 5% by mid-2015.
Where are the higher mortgage rates? (9/16/2014)
A slow economy and global tensions have kept mortgage rates surprisingly low. While still expected to go higher, a dramatic increase isn’t likely this year.
Average 30-year mortgage rate at 4.14% (8/8/2014)
The 30-year FRM rose very slightly compared to last week’s average. Most experts predict relative stability in rates over the short term.