Tue, Apr 12 2022, 5:03 PM
There's no question that today was one of the few recent examples of a "good day" for most of the bond market and, consequently, mortgage rates. The ...
Mon, Apr 11 2022, 4:01 PM
The last few days of March offered some hope that 2022's massive rate spike might be slowing down. The first few days of April crushed those hopes a...
Thu, Apr 7 2022, 4:34 PM
Mortgage rates are based primarily on the price of mortgage-backed securities (MBS), which are basically bonds that allow investors to lend money to m...
Wed, Apr 6 2022, 4:48 PM
Mortgage rates jumped significantly higher this morning with the average conventional conforming 30yr fixed rate moving well over 5%. The most recent...
Tue, Apr 5 2022, 5:07 PM
Rates have been rising rapidly in 2022 in general as the market quickly repositions for a big shift in Fed policy. The Fed sets short term rates and b...
Mon, Apr 4 2022, 4:00 PM
Mortgage rates are fresh off their best week since early March in terms of outright improvement. The catch is that they were at the highest levels ...
Fri, Apr 1 2022, 5:26 PM
Home prices have been on a tear since late 2020 despite generally higher rates in 2021. In the past few months, rates have upped the ante by surging a...
Thu, Mar 31 2022, 4:56 PM
The headline "lowest rates in a week" may not be too sensational or even that informative at first glance, but in today's case, it's big news. You'd ...
Wed, Mar 30 2022, 3:18 PM
There hasn't been much to get excited about when it comes to mortgage rates in the month of March--at least not in a positive way. Negative excitemen...
Tue, Mar 29 2022, 3:46 PM
In a normal mortgage rate environment, it's common to see a remarkably equal distribution of good and bad days with rates moving lower or higher vers...
Mon, Mar 28 2022, 4:28 PM
Last week's big news was the rapid jump in rates. In fact, it was right in line with the worst week in decades in terms of the total increase in the ...
Fri, Mar 25 2022, 7:38 PM
While weeks in 2022 have been terrible for mortgage rates, we've always been able to say "at least it wasn't as bad as that one week in 2013." We can'...
Thu, Mar 24 2022, 3:28 PM
Tuesday (March 22) saw mortgage rates at their highest levels since late 2018 with top tier conventional 30yr fixed scenarios being quoted 4.75% by th...
Wed, Mar 23 2022, 4:34 PM
The month of March has amounted to a very long night for the mortgage market with rates not only moving higher at one of the fastest paces on record, ...
Tue, Mar 22 2022, 7:27 PM
Rates added to the record-breaking move higher today. The carnage has now earned early 2022 the dubious distinction of being the biggest 3-month rate...
Mon, Mar 21 2022, 5:22 PM
By the end of last week, the bond market was sending hopeful signs about the recent rate spike potentially leveling off. It had done the same thing...
Fri, Mar 18 2022, 4:50 PM
Mortgage rates are based on movement in the bond market, and as of the middle of this week, bonds had lost a good amount of ground every day for 8 st...
Thu, Mar 17 2022, 4:51 PM
It was potentially a very boring or interesting day for mortgage rates, depending on where you get your news and how tuned in you were to yesterda...
Wed, Mar 16 2022, 4:48 PM
Mortgage rates are based on movement in the bond market, and bonds have lost ground every day for 8 straight days. Today was merely the latest in t...
Mon, Mar 14 2022, 4:28 PM
If you received a mortgage rate quote any time in the past few days or weeks, unless it was at the end of the business day on Monday, March 14th, you'...
Fri, Mar 11 2022, 5:58 PM
The Fed will hike its key policy rate for the first time since 2018 next week, but mortgage rates aren't waiting to move higher. By the end of this w...
Thu, Mar 10 2022, 3:36 PM
It's Thursday and thus time once again for Freddie Mac's weekly mortgage rate survey. An industry standard report dating back to the 70s, Freddie's s...
Wed, Mar 9 2022, 4:41 PM
Mortgage rates officially hit new multi-year highs in February. At the time, you'd have to go back to the first half of 2019 to see anything higher...
Tue, Mar 8 2022, 4:36 PM
Mortgage rates are based on bonds and bonds are having a tough time in the past few days. Bonds such as US Treasuries often benefit from terrible t...
Mon, Mar 7 2022, 4:14 PM
Mortgage rates have experienced significant volatility so far in 2022. At first, this was almost exclusively a function of the Federal Reserve or, ...
Fri, Mar 4 2022, 8:46 PM
Financial markets were already dealing with rapidly evolving Fed policy shifts, a big jump in rates, and a big drop in stocks. But after Russia invade...
Thu, Mar 3 2022, 4:47 PM
The first 2 days of the week marked the best 48 hour stint for mortgage rates since March 2020, and one of the best on record. Such victories require...
Wed, Mar 2 2022, 4:56 PM
On a normal week, we can follow day to day movement in rates and point out how far behind the times the week-to-week changes are. This time around, t...
Tue, Mar 1 2022, 4:48 PM
First thing's first. We need to get some caveats out of the way. The following should always be assumed when reading mortgage rate coverage, but I...
Mon, Feb 28 2022, 4:38 PM
Mortgage rates are based on bonds and bonds are often the target of safe haven buying in times of geopolitical distress. The situation in Ukraine c...
Thu, Feb 24 2022, 4:33 PM
Financial markets were intently focused on Russia's invasion of Ukraine today. Such things tend to push interest rates lower and today was no excep...
Wed, Feb 23 2022, 4:25 PM
It was another bad day for the mortgage market. This has been the norm so far in 2022 as financial markets continue repositioning for less and less s...
Tue, Feb 22 2022, 4:51 PM
Heading into the extended weekend, there was a small possibility that today's mortgage rates would turn out to be slightly lower. Reasons for this ...
Fri, Feb 18 2022, 4:55 PM
With things still up in the air in terms of geopolitical risk, markets are seeking safer havens. Most recently, this is affecting stocks a bit more t...
Thu, Feb 17 2022, 4:35 PM
It's Thursday and thus time once again for the weekly installment of Freddie Mac's Primary Mortgage Market Survey. For the 2nd time this year, Fred...
Wed, Feb 16 2022, 3:24 PM
There have been a few hours of a few days over the past week where mortgage rates have been just a bit higher than they are this afternoon. But for...
Mon, Feb 14 2022, 4:07 PM
Last Friday was an interesting day for mortgage rates and the broader bond market. Rates began the day roughly in line with Thursday's latest levels,...
Fri, Feb 11 2022, 7:31 PM
There were 3 distinct parts to this week. The first part consisted of the entirety of the first 3 days. Rates didn't move much as the market contin...
Thu, Feb 10 2022, 12:22 PM
There are many different ways to track mortgage rates and several different sources quoted in the news. For decades, the most prevalently-quoted sour...
Wed, Feb 9 2022, 4:28 PM
The day began with so much potential --at least in the sense that it could have served as the foundation for slightly lower mortgage rates this after...
Tue, Feb 8 2022, 4:42 PM
Last Friday continues to be the epicenter of the most recent push to multi-year highs for mortgage rates. The average lender jumped by roughly an e...
Fri, Feb 4 2022, 12:29 PM
Rates have been trending higher in fits and starts since August 2020, but the mortgage market was insulated from much of the pain due to its disconn...
Thu, Feb 3 2022, 4:27 PM
What a difference a day makes. Unfortunately, it's an unpleasant difference in this case as mortgage rates went from the lowest levels in more than a...
Wed, Feb 2 2022, 3:36 PM
After a month like January (where rates rose very quickly), we'll take any victory we can get. In today's case, that means the celebration of rates...
Mon, Jan 31 2022, 3:44 PM
Mortgage rates moved higher at their fastest pace in several years at the beginning of January . Even though the volatility died down after the firs...
Fri, Jan 28 2022, 4:52 PM
January has been a month marked by the market's adjustment to a shift in the Fed policy outlook. This began right at the outset and resulted in highe...
Wed, Jan 26 2022, 6:04 PM
Fed policy is critically important to interest rates and January has marked a shift in the Fed policy outlook. In not so many words, the Fed sees its...
Tue, Jan 25 2022, 3:45 PM
It's a tale as old as time for those who closely follow the day to day gyrations in the mortgage market. Bond volatility forces lenders to raise ra...
Fri, Jan 21 2022, 8:09 PM
The bond market returned from a 3 day weekend to find yields surging higher on Tuesday. That pushed mortgage rates to fresh 2 year highs and added em...
Thu, Jan 20 2022, 3:31 PM
Today was one of the most uneventful days in recent memory for mortgage rates. The average lender is in very similar territory compared to yesterda...
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