FOMC

Mortgage rates dipped after four weeks of increases, finally mirroring the drop in the benchmark 10-year Treasury yield, according to Freddie Mac.

Mortgage rates posted a fourth consecutive week of increases, but Freddie Mac remains bullish in its outlook for this spring's home purchase season.

Historically, rising interest rates have enabled banks to earn more, but this time around in the banking industry, like much else, things are a little different.

Mortgage rates rose slightly for the second consecutive week, but should remain low for the foreseeable future, which will aid the purchase market, according to Freddie Mac.

Average mortgage rates fell by their largest amount in more than 10 years last week as bond yields fell in reaction to the March 20 Federal Open Market Committee meeting.

There was a huge rise in mortgage refinance application activity due to the large drop in interest rates following last week's Federal Open Market Committee meeting.

The 30-year mortgage rate dipped lower than it was 12 months ago for the third week running, according to Freddie Mac's latest report.

The Federal Reserve will roll its maturing holdings of mortgage-backed securities into Treasuries starting after September, capping it at $20 billion per month.

Mortgage rates declined across the board this week, which should make home buying more attractive although there are continuing concerns about inventory, according to Freddie Mac.

Mortgage rates declined for the third straight week, adding to a brighter outlook for the spring home buying season, according to Freddie Mac.

Mortgage rates moved up slightly after weeks of moderating, but are still low enough not to affect the upcoming prime home buying period, according to Freddie Mac.

It's not clear exactly what might pull investor sentiment and 10-year Treasury yields, which rates for the 30-year mortgage are benchmarked to, off the current lows.

Mortgage rates continued to drop this week with the positive effects already aiding housing, according to Freddie Mac.

Fannie Mae made a slight increase to its origination forecast, expecting housing affordability to improve in 2019 as mortgage rates remain flat and home price appreciation moderates.

Mortgage rates dropped significantly due to economic fears driving the markets following several weeks of little or no movement, according to Freddie Mac.

Interest rates are nearing the neutral level — the rate that neither stimulates nor restrains economic growth — Federal Reserve Board Chair Jerome Powell said Wednesday.

Falling oil prices and continued volatility in the stock market resulted in the largest week-to-week decline in mortgage rates in over three years, according to Freddie Mac.

After last week's surge of 11 basis points, mortgage rates held steady due to a dip in energy costs, even with continued stock market volatility, according to Freddie Mac.

Rising interest rates, both current and the prospect for future increases, took a toll on consumers' outlook on the housing market during September, according to Fannie Mae.

Mortgage application activity was relatively flat compared with the previous week, as long-term interest rates held steady following the recent Fed rate hike, according to the Mortgage Bankers Association.