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Tag: mortgage rates

With the Fed in Focus, What Can We Learn from Historical Actions?

November 02, 2018 by Zelman & Associates

Thus far in 2018, the average 30-year fixed mortgage rate has increased approximately 50 basis points year over year, putting the year on pace to have the highest borrowing cost since 2010. According to Google Trends, an index tracking how ...

Is It Time to Start Worrying About Higher Interest Rates?

March 09, 2018 by Zelman & Associates

At the end of 2016, the 10-year Treasury yield stood at 2.45%, the highest year-end level since 3.04% in 2013. At that time, the expectation was that yields would continue a steady upward climb due to inflationary pressures from the incoming ...

“The” Mortgage Rate Only Covers 20% of Purchase Originations

January 13, 2017 by Zelman & Associates

The cost of mortgage credit is fairly transparent across lenders’ and third-party aggregators’ websites but there are two primary reference points for mortgage rates cited by industry analysts and the media that best summarize the market: weekly ...

Will the Recent Increase in Interest Rates Short Circuit the Housing Recovery?

December 02, 2016 by Zelman & Associates

Of the various interest rate measures cited in the media, the United States 10-year Treasury yield is the most important to monitor for the housing market as it serves as the benchmark for how 30-year fixed rate mortgages are priced. Unfortunately, ...

The Fed Watch: What Does Next Raise Mean for Mortgage Rates?

September 09, 2016 by Zelman & Associates

The Federal Open Market Committee (FOMC) is scheduled to announce its next policy rate decision on September 21st, putting the trajectory of interest rates back into the media headlines. Last December, the FOMC raised the target for the federal ...