Economic & Housing Research
Weekly Commentary and Economic Update
The 30-year mortgage rate dropped another 7 basis points this week to 3.65 percent. This week's drop leaves the mortgage rate just 6 basis points above last year's low of 3.59 percent.
In a falling rate environment, mortgage rates often adjust more slowly than capital market rates, and the early-2016 flight-to-quality has run true to form. The 30-year mortgage rate has dropped 36 basis points since the start of the year, while the yield on the 10-year Treasury has dropped 59 basis points over the same period. If Treasury yields were to hold at current levels, mortgage rates might well sink a little further before stabilizing.
>> Next Update: February 18
We provide information, data, analysis, and insight across a wide range of housing and economic indicators.
Our weekly survey shows the rates, fees, and points for the most popular mortgage products.
Every month we provide our Insights into current housing issues and our Outlook on the economy with special focus on the housing sector.
Our monthly look at the stability of the housing market for the nation, each state and the District of Columbia, and the top 100 metros.
Our quarterly review of house price values for the nation, each state and the District of Columbia, and 367 MSAs.
Our quarterly analysis shows the refinancing trends of borrowers who recently refinanced their home loans.