Today, 2:29 PM
There were mixed blessings in the mortgage rate world today. The bad news is that today's rates are just a bit higher than yesterday's, resulting in a...
Thu, Mar 26 2026, 2:49 PM
After a somewhat hopeful day on Wednesday, mortgage rates are back to their same old tricks on Thursday. The tricks in question involve following the ...
Wed, Mar 25 2026, 2:55 PM
The past 24 hours have seen multiple news stories with seemingly contradictory updates regarding the state of the Iran war. There's a ceasefire. There...
Tue, Mar 24 2026, 3:35 PM
March 2026 continues to be an unpleasant month for mortgage rates--a fact almost exclusively due to the Iran war. Even if the war were to end today, t...
Mon, Mar 23 2026, 3:34 PM
Mortgage rates are dictated by bonds and bonds had a volatile day. During overnight trading hours, bonds suggested we should brace for the impact of e...
Fri, Mar 20 2026, 2:53 PM
After hitting 5.99% as recently as February 27th, top tier 30yr fixed mortgage rates are back over 6.5% for the average lender today--the highest they...
Wed, Mar 18 2026, 5:06 PM
Mortgage rates got hit 3 times on Wednesday, with the net effect being a move back up to the highest levels in several months. The average lender isn'...
Tue, Mar 17 2026, 3:07 PM
It was a fairly uneventful day for mortgage rates, but also a fairly decent one. The underlying bond market made modest gains even without meaningful ...
Mon, Mar 16 2026, 2:51 PM
Mortgage rates are based on bonds, and bonds spent last week bracing for the impact of higher energy prices. In the bond world, higher inflation beget...
Fri, Mar 13 2026, 2:12 PM
March hasn't been a great month for mortgage rates and the past 3 days have been particularly bad. During that time, our daily rate index went from 6....
Thu, Mar 12 2026, 3:55 PM
Mortgage rates are driven by the bond market. Although bonds only experienced moderate, steady weakness throughout the day, mortgage rates lurched hig...
Wed, Mar 11 2026, 4:13 PM
Mortgage rates moved higher on Wednesday despite only a modest increase in oil prices. The latter is currently a part of any conversation about intere...
Tue, Mar 10 2026, 3:38 PM
Today's mortgage rates are lower when compared to yesterday's average prior to 4pm ET. Later in the afternoon, multiple lenders announced improvements...
Mon, Mar 9 2026, 2:24 PM
Mortgage rates began the day at the highest levels in a month. The move up versus Friday was only moderate, but Friday's levels were already fairly cl...
Fri, Mar 6 2026, 3:24 PM
Before this morning's jobs report was released, mortgage rates were on track to end the week at their highest levels in several weeks. This was due to...
Thu, Mar 5 2026, 3:02 PM
Mortgage rates bounced back up today as the underlying bond market continued the selling trend seen on 3 out of 4 days so far this week. In the overni...
Wed, Mar 4 2026, 3:31 PM
Economic data is one of the few consistent sources of motivation for interest rates in the mortgage world and beyond. In general, stronger data tends ...
Tue, Mar 3 2026, 3:21 PM
After spending the entirety of last week calmy holding the lowest levels in more than 3 years, mortgage rates jumped sharply higher yesterday. That sa...
Mon, Mar 2 2026, 3:19 PM
Mortgage rates began the new week with a fairly quick jump back into the low 6% range (top tier 30yr fixed rate for the average lender). With the news...
Fri, Feb 27 2026, 1:56 PM
At this point, it is getting a bit repetitive to bring up "the lowest rates in more than 3 years"--something that was officially the case twice this w...
Thu, Feb 26 2026, 3:42 PM
Given that we have the somewhat unpopular job of reporting that today's average top-tier 30yr fixed mortgage rate is 6.00 again, rather than the 5.99 ...
Wed, Feb 25 2026, 3:37 PM
It may not be as glamorous as being able to say mortgage rates are "in the 5s," but at 6.00%, today's MND rate index is a mere 0.01% higher than yeste...
Tue, Feb 24 2026, 3:53 PM
The average top-tier mortgage rates made it back to 5.99% yesterday for the first time since January 9th and only the second time in more than 3 years...
Mon, Feb 23 2026, 11:53 AM
This coverage is coming out earlier than normal due to a more interesting headline than normal. The average top-tier 30yr fixed rate fell back to 5.99...
Fri, Feb 20 2026, 3:18 PM
Bonds dictate mortgage rates and bonds experienced a bit of volatility this morning in response to the Supreme Court ruling on tariffs. The initial im...
Thu, Feb 19 2026, 3:33 PM
For the average lender, top-tier 30yr fixed mortgage rates were perfectly unchanged compared to yesterday. This keeps them right in line with the lowe...
Wed, Feb 18 2026, 3:11 PM
Mortgage rates at the average lender moved up by 0.01% today--the smallest increment measured by the MND daily rate index. This means that most borrow...
Tue, Feb 17 2026, 4:08 PM
It was an uneventful day for mortgage rates with the average lender holding right in line with last Friday's levels. In this case, that's a good thing...
Fri, Feb 13 2026, 2:07 PM
When the administration announced that Fannie and Freddie would be buying mortgage-backed securities in early January, rates fell sharply to the lowes...
Thu, Feb 12 2026, 2:35 PM
Just one day after an incredibly strong jobs report--something that would normally create problematic upward momentum for rates--the average lender is...
Wed, Feb 11 2026, 2:26 PM
Mortgage rates moved 0.03% higher today. On almost any other day, this would be a bit of a bummer, but in today's case, it's a victory. There was a t...
Tue, Feb 10 2026, 2:20 PM
Mortgage rates fell on Tuesday following a downbeat Retail Sales report. At 0.05%, it was the largest single-day drop since the uncommonly big 0.15% d...
Mon, Feb 9 2026, 3:15 PM
The past 2 weeks have seen very little volatility for mortgage rates. After being near 6% for a week in early January, rates rose abruptly to 6.21% (...
Fri, Feb 6 2026, 12:51 PM
In the bigger picture, the past two and a half weeks have been marked by a very narrow range in the bond market. Because bonds dictate mortgage rates,...
Thu, Feb 5 2026, 1:52 PM
Mortgage rates are driven by bonds and that bonds care about employment data. There are quite a few different economic reports that focus on various e...
Wed, Feb 4 2026, 2:58 PM
The average top tier 30yr fixed mortgage rate hit its highest levels in 2 weeks yesterday. The caveat was that the range has been very narrow during t...
Tue, Feb 3 2026, 3:23 PM
The bad news: mortgage rates moved up to their highest levels in 2 weeks today. The good news: the rate range has been very narrow during that time,...
Mon, Feb 2 2026, 3:35 PM
Weakness in the bond market generally means higher mortgage rates. Today was no exception. A key economic report on the manufacturing sector was much ...
Fri, Jan 30 2026, 4:10 PM
While there was certainly plenty of volatility elsewhere in the financial market this week, there was almost none to be found in mortgage rates. Wed, ...
Thu, Jan 29 2026, 3:59 PM
Sometimes being tuned into daily mortgage rate changes means coming across other news about financial markets. In today's case, that could expose you ...
Wed, Jan 28 2026, 3:51 PM
On some occasions, a rate announcement from the Federal Reserve (even one that results in no change to the Fed Funds Rate) can cause a huge move in mo...
Tue, Jan 27 2026, 3:40 PM
Today was the 5th day in a row where mortgage rates moved at least a little bit lower. While rate movement is often the product of obvious underlying ...
Mon, Jan 26 2026, 3:20 PM
Mortgage rates trickled modestly lower again today for the 4th straight business day on Monday. The average top-tier 30yr fixed rate is the lowest it'...
Fri, Jan 23 2026, 2:49 PM
This week's only real mortgage rate movement was seen at the outset on Tuesday morning (Monday was closed for the holiday) in response to geopolitical...
Thu, Jan 22 2026, 3:40 PM
Mortgage rates may not be as low as they were before the weekend's geopolitical headlines, but they've moved just a hair lower on each of the past two...
Wed, Jan 21 2026, 3:09 PM
Markets held more sideways overnight as traders awaited further geopolitical developments today surrounding Greenland. Both stocks and bonds lost grou...
Tue, Jan 20 2026, 3:28 PM
Mortgage rates jumped sharply higher on Tuesday in response to weakness driven by geopolitical events and overseas financial markets. After hitting lo...
Fri, Jan 16 2026, 4:06 PM
Don't stress out. If we ignore the past 5 days, today's mortgage rates are still the lowest since early 2023. That said, they're up a bit from last w...
Thu, Jan 15 2026, 3:25 PM
Mortgage rates moved modestly lower for the average lender today, but higher for others. The distinction is whether the lender in question made a late...
Wed, Jan 14 2026, 3:27 PM
Trading levels in the bond market directly impact the rates that mortgage lenders can offer. This is why rates moved so much lower after last week's n...
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