Today, 2:17 PM
Friday proved to be the weakest day of the week for the underlying bond market and, thus, the highest day of the week for mortgage rates. Retail sales...
Thu, Aug 14 2025, 1:08 PM
Mortgage rates hit fresh long term lows yesterday with the average top tier 30yr fixed rate at the best levels since October 3rd, 2024. There wasn't ...
Wed, Aug 13 2025, 1:34 PM
October 3rd, 2024 continues to be the day to beat when it comes to mortgage rates hanging out at 10 month lows. Today's top tier 30yr fixed rate match...
Tue, Aug 12 2025, 3:50 PM
Pundits, politicians, and everyone else can continue to assume that mortgage rates will respond to changes to the Fed Funds Rate. Meanwhile the bonds ...
Mon, Aug 11 2025, 2:58 PM
The average top tier 30yr fixed rate held exceptionally steady last week after moving just a bit lower over the weekend. By comparison, today's rates ...
Fri, Aug 8 2025, 1:57 PM
Mortgage rates finally moved in a slightly more noticeable direction today, but the change was still inconsequential in the bigger picture. The averag...
Thu, Aug 7 2025, 3:54 PM
Mortgage rates have barely budged after Monday with the day-over-day change failing to exceed 0.02% on any given day. But today's budging happened to ...
Wed, Aug 6 2025, 3:31 PM
Although there were flashes of potential volatility in the underlying bond market at times today, mortgage rates made it through unscathed. In other ...
Tue, Aug 5 2025, 3:50 PM
Yesterday saw the average 30yr fixed rate fall back in line with levels from early October, 2024. This happened for two reasons. The broader, underlyi...
Mon, Aug 4 2025, 4:09 PM
Mortgage rates are driven by movement in the bond market and bonds take cues from economic data, among other things. The monthly jobs report is routin...
Fri, Aug 1 2025, 3:36 PM
Every month, we offer the same old warning/reminder ahead of the big jobs report--something to the effect of "no other economic report has as much pow...
Thu, Jul 31 2025, 3:51 PM
Mortgage rates went to bed last night knowing that the bond market would need to improve in the morning in order for prevailing levels to be maintaine...
Wed, Jul 30 2025, 3:49 PM
Wednesday brought another incremental increase in the level and importance of the calendar events with the power to create volatility for rates. Some ...
Tue, Jul 29 2025, 3:43 PM
After three straight days at exactly the same level, average 30yr fixed rates began to move lower again on Tuesday. It should immediately be clarified...
Mon, Jul 28 2025, 3:15 PM
If any given week of movement in the mortgage rate world came with disclaimer, this one would be: "Warning. An absence of volatility on Monday has no ...
Fri, Jul 25 2025, 4:16 PM
It's no great secret that the outgoing week didn't offer much in terms of hotly anticipated events with the power to make or break momentum in the rat...
Thu, Jul 24 2025, 3:41 PM
After falling for 5 straight days leading into Tuesday, mortgage rates have now moved slightly higher on each of the past two days. As was the case wi...
Wed, Jul 23 2025, 3:22 PM
It's been a pretty good run for mortgage rates since hitting their most recent highs last Tuesday. Each subsequent day saw a modest improvement. That ...
Tue, Jul 22 2025, 3:25 PM
Last week, we got a sneak preview of how the market would react to Fed Chair Powell ending his term early. In a nutshell, only the shortest-term rates...
Mon, Jul 21 2025, 3:57 PM
Mortgage rates didn't move much on Monday, but they moved in the right direction with the average lender 0.03% lower for a top tier 30yr fixed scenari...
Fri, Jul 18 2025, 5:10 PM
While any rate watcher's bingo card should always have a few squares devoted to "unchanged, flat, etc.," this week's had at least as many squares rese...
Thu, Jul 17 2025, 2:51 PM
Despite all of the economic data and news headlines over the past few days, mortgage rates have barely budged since last Friday. That was not what we ...
Wed, Jul 16 2025, 3:06 PM
This morning brought another inflation report. Given the negative reaction to yesterday's inflation data, there was some cause for concern. Thankfully...
Tue, Jul 15 2025, 3:06 PM
Mortgage rates are based on bonds and bonds don't like inflation. When inflation reports are higher than the market expected, rates tend to rise, all...
Mon, Jul 14 2025, 2:59 PM
Today's movement in mortgage rates, in and of itself, is barely worth mentioning. The average lender remains close enough to Friday's levels but is t...
Fri, Jul 11 2025, 1:45 PM
Yesterday, we characterized the prevailing mortgage rate momentum as "broadly sideways," and while that's still very true in the bigger picture, words...
Thu, Jul 10 2025, 4:49 PM
Most of this week's mortgage rate movement has been an aftershock following last week's jobs report. That data sent rates quickly higher and that mome...
Wed, Jul 9 2025, 3:35 PM
It's a bit of a stretch to refer to the past week as a "losing streak" for mortgage rates. The worst part about it was the consistency of upward movem...
Tue, Jul 8 2025, 3:26 PM
Bad news first: mortgage rates have been moving steadily higher in July with the average top tier 30yr fixed scenario rising from 6.67% to 6.81% in ju...
Mon, Jul 7 2025, 3:13 PM
For the entire 2nd half of June, it was easy to be spoiled by the absence of volatility in mortgage rates. During that time, rates were either lower o...
Thu, Jul 3 2025, 2:56 PM
Today brought the hotly anticipated jobs report. This is the "official" job count and unemployment rate data for the U.S. and no other report has as ...
Wed, Jul 2 2025, 2:53 PM
Mortgage rates have generally been falling since May 21st and have done nothing but move lower for more than 2 weeks. That winning streak finally cam...
Tue, Jul 1 2025, 3:09 PM
It's been 88 days since the average 30yr fixed mortgage rate was as low as it is today--close enough to 3 months. Some lenders may be higher or lower...
Mon, Jun 30 2025, 3:28 PM
April 3rd and 4th saw the average top tier 30yr fixed mortgage rates well into the "mid 6's." Many lenders were able to quote 6.5% at the time. Just...
Fri, Jun 27 2025, 1:16 PM
Friday's mortgage rates ended up being right in line with Thursday's on average. At 6.72%, the MND daily rate index is as low as it's been since earl...
Thu, Jun 26 2025, 3:02 PM
After topping out on May 21st, the average day for mortgage rates has been a good one. This has been especially true since June 6th with our 30yr fix...
Wed, Jun 25 2025, 3:21 PM
The average top tier 30yr fixed mortgage rate had already dipped to the lowest levels since May 1st at the start of the week. Two additional days of ...
Tue, Jun 24 2025, 2:37 PM
Yesterday saw mortgage rates fall to the best levels since early May. Now, today, we'd have to go all the way back to the end of April to find anythi...
Mon, Jun 23 2025, 3:12 PM
Mortgage rates ended the previous week roughly in line with the best levels since May 1st. Today's modest improvement made it official. Mortgage ra...
Fri, Jun 20 2025, 1:07 PM
With Thursday being a federal holiday, banks (and more importantly, the underlying market for mortgage related bonds) were closed. This means that le...
Wed, Jun 18 2025, 4:17 PM
It happens, but it's rare. A Fed "dot plot" day has come and gone with mortgage rates almost perfectly unchanged from the previous day. This speaks to...
Tue, Jun 17 2025, 3:19 PM
Mortgage rates continue operating in a narrow range with almost every day of the past two months falling between 6.8 and 7.0% for a top tier 30yr fixe...
Mon, Jun 16 2025, 3:53 PM
While there's been no shortage of political and geopolitical headlines over the past 2 business days, there hasn't been much by way of inspiration for...
Fri, Jun 13 2025, 3:11 PM
The top tier 30yr fixed mortgage rate index rose 0.04% on Friday, which would be a medium-sized defeat in and of itself. In the broader context, howev...
Thu, Jun 12 2025, 3:50 PM
Mortgage rates being offered today are only a hair lower for the average lender than they were on June 4th, but June 4th was the best day since early ...
Wed, Jun 11 2025, 3:48 PM
After a calm start to the week on Monday and Tuesday, we were likely to see a bit more volatility on Wednesday due to important events on the calendar...
Tue, Jun 10 2025, 3:37 PM
It was a fairly boring day on what has turned out to be a fairly boring week so far for mortgage rates. After Friday's larger spike, we've seen a mic...
Mon, Jun 9 2025, 3:38 PM
As hoped, Friday's big rate spike did not carry additional momentum into the new week. This is occasionally a risk when rates are responding to big s...
Fri, Jun 6 2025, 3:13 PM
Mortgage rates have enjoyed a nice run since May 21st, with the MND Index (average top tier 30yr fixed scenarios) falling from a recent peak of 7.08% ...
Thu, Jun 5 2025, 3:37 PM
Mortgage rates began the day perfectly in line with yesterday's latest levels for the average lender. By the afternoon, the underlying bond market had...
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