Mortgage rates roughly unchanged W/W, but down from 2024-peak

Mortgage rates were almost flat from last week, but down from their peak level in 2024. 30-year fixed-rate mortgages averaged 6.78% as of July 25, down from 6.81% a year ago. Freddie Mac Primary Mortgage Survey says rates are down 0.5% from 2024-peak level.

Weekly Report: what happened at VMBS last week (0715-0719)?

After Hours Most Active for Jul 18, 2024 : NVDA, AAPL, INTC, MTCH, JCI, BAC, TSLA, WFC, VMBS, USB, INFY, CVE

Mortgage rates edge down from a year ago, but purchase demand remains low

Mortgage rates edge down from a year ago, but purchase demand remains low. 30-year fixed-rate mortgage fell to its lowest level since mid-March. Freddie Mac Primary Mortgage Survey: Homebuyers have yet to respond to lower rates, as purchase demand remained low.

Weekly Report: what happened at VMBS last week (0708-0712)?

Mortgage Rates Are Likely To Decline In The Near Future

In June 2024, the 30-year fixed rate mortgage rate was around 6.9 percent. Inflation will eventually return to 2 percent per year. Lower long-term Treasury rates and lower spreads in the near future will translate into lower mortgage rates. Mortgage rates are likely to be lower in the future.

Fixed Income Perspectives: Looking Ahead At Q3 2024 - A Resilient U.S. Economy Is Keeping Rate Cuts On Hold... For Now

Despite policy rate cuts remaining elusive, several tailwinds are boosting a resilient U.S. Economy. Global central banks are actively transitioning onto a path of easing policy. Many fixed income asset classes are poised for potential outperformance heading into the second half of the year.

Mortgage rates fall as yields decrease after June jobs report

Mortgage rates fall as yields decrease after June jobs report. 30-year fixed-rate mortgages averaged 6.89% as of July 11, down from 6.95% last week and 6.96% a year ago. Freddie Mac Primary Mortgage Survey: Treasury yields decreased on back of cooling labor market.

Weekly Report: what happened at VMBS last week (0701-0705)?

Mortgage Applications Fall As Rates Climb Back Above 7%

Average interest rate for 30-year mortgages has gone back above 7%. Loan requests declined 2.6% on a seasonally adjusted basis as of June 28 from a week earlier. The average contract interest rate is now at 7.03%. The average rate for 15-year fixed-rate mortgages increased to 6.56%.

Mortgage rates up, still expected to decrease modestly in H2

Mortgage rates rose this week, but are still expected to decrease modestly in H2. 30-year fixed-rate mortgages averaged 6.95% as of July 3, up from 6.86% last week. Freddie Mac Primary Mortgage Survey says new home and pending home sales are down.

Fixed-Income Midyear Outlook: Sail With The Tide

Big-picture economic trends remain encouraging, and yields remain high - for now. Central banks are diverging in their policies. The most critical step is to get back into the bond markets. Prepare to take advantage of opportunities in the second half of 2024. A record $6.5 trillion is sitting on the sidelines.

Weekly Report: what happened at VMBS last week (0624-0628)?

Vanguard Mortgage-Backed Securities ETF declares monthly distribution of $0.1506

Dividend Stocks News Vanguard Mortgage-Backed Securities ETF declares monthly distribution of $0.1506. 30-Day SEC Yield of 3.91% as of June. 26. Vanguard mortgage-backed Securities Index Fund ETF Shares (VMBS)

Long-term mortgage rates hit 3-month low, to keep falling over summer

Long-term mortgage rates hit 3-month low, to keep falling over summer. 30-year fixed-rate mortgages averaged 6.86% as of June 27. Freddie Mac says rates are expected to continue to come down over the summer months. 15-year mortgage rates are also at their lowest level in about three months.

Weekly Report: what happened at VMBS last week (0617-0621)?

Mortgage rates drop for 3rd consecutive week on expectations of Fed rate cut

Mortgage rates drop for 3rd consecutive week on expectations of Fed rate cut. 30-year fixed-rate mortgages averaged 6.87% as of June 20, down from 6.95% last week and 6.67% a year ago. Freddie Mac Primary Mortgage Survey: Mortgage rates dropped for third consecutive week.

Weekly Report: what happened at VMBS last week (0610-0614)?

Mortgage rates continue to drop as the economy cools

Mortgage rates continue to drop as the economy cools. 30-year fixed-rate mortgages averaged 6.95% as of June 13. Shelter inflation showed that affordability is still an impediment for house buyers, according to Freddie Mac Primary Mortgage Survey. Data showed a cooling economy but shelter inflation increased.

Weekly Report: what happened at VMBS last week (0603-0607)?