Mortgage Rates Archive

The Latest Mortgage Purchase Applications

There was a surge in the number of people filing for mortgages in the first week of June. Applications for a home purchase increased 9.3 percent from the prior week after adjusting for the normal seasonal patterns. Refinance activity...

Inflation: the Short and Long-Run Scenarios

Broad inflation still looks tame, up less than 2 percent from one year ago, but could easily rise faster.  The annualized inflation in April was already speeding at a higher 2.4 percent rate (that is if price gain in...

Mortgage Purchase Applications: Home Buyers Hesitating

The lowest mortgage rates of this year have not enticed home buyers to take out a mortgage. The number of people filing for mortgages for home purchase fell in the final week of May. The index that captures the...

When the Sting of FHA’s Fees Becomes a Bite

The FHA has more than doubled its mortgage insurance premiums since 2010 and most recently eliminated the phase out of mortgage insurance on certain products. As a result, the private mortgage insurance industry has been able to recover and...

New Home Sales

Contracts for new home sales slipped 3.3% from January to February to a seasonally adjusted annualized rate of 440,000. This decline reverses last month’s improvement, but new home sales remain in a relatively strong level by recent standards. A...