Thu, Jul 2 2026, 1:05 PM
Today is a half day for financial markets, which is a typical feature of a federal holiday weekend. Because tomorrow is fully closed, the big jobs rep...
Wed, Jul 1 2026, 3:15 PM
In a real sense, today's rate update is more of an addendum to yesterday's rate update. Yesterday afternoon saw heavy, continued selling in the bond m...
Tue, Jun 30 2026, 2:39 PM
Starting last Thursday, mortgage rates have barely budged. In terms of our 30yr fixed index, the maximum day-over-day change has been 0.02% since then...
Mon, Jun 29 2026, 3:07 PM
Mortgage rates ended last week at the lowest level since May 14th. Most of the recent drop happened last Wednesday, but each day since then has added ...
Fri, Jun 26 2026, 3:06 PM
Mortgage rates officially hit their lowest level in more than a month yesterday with MND's 30yr fixed index falling to 6.53% from 6.55% on Wednesday. ...
Thu, Jun 25 2026, 1:45 PM
Mortgage rates had a great day yesterday, moving within 0.01% of the lowest levels in more than a month. They dropped just a bit more today and are no...
Wed, Jun 24 2026, 2:52 PM
Rate momentum shifted noticeably on Wednesday. The underlying bond market saw heavy buying in pre-market trading--likely a result of large-scale quart...
Tue, Jun 23 2026, 3:31 PM
Mortgage rates may be based directly on the bond market, but the two don't always move in perfect lock-step. Today was a good example of that. Bonds i...
Mon, Jun 22 2026, 3:57 PM
Mortgage rates gave back the improvement seen last Thursday and broke above last Wednesday's levels to hit the highest mark since June 10th. This isn'...
Thu, Jun 18 2026, 12:46 PM
Mortgage rates spiked yesterday after the Fed announcement. The primary driver was the Fed's revised outlook for potential rate hikes later this year....
Wed, Jun 17 2026, 4:09 PM
Mortgage rates quickly erased a week of progress this afternoon following the Fed announcement and press conference. Fed announcement day historically...
Tue, Jun 16 2026, 3:56 PM
Today's top tier 30yr fixed rate was 6.54% for the average lender. You'd have to go back to May 14th's reading of 6.52% to see anything lower. The lat...
Mon, Jun 15 2026, 3:51 PM
The bad news: mortgage rates didn't fall quite as much as one might have expected following the confirmation of the Iran peace deal. The good news: ra...
Fri, Jun 12 2026, 2:51 PM
Some national headlines are pointing out that mortgage rates are higher this week. Those are based on weekly survey data which can often be stale comp...
Thu, Jun 11 2026, 4:00 PM
Mortgage rates began the day in uneventful fashion with the average lender right in line with yesterday's latest levels. Things might have gotten off ...
Wed, Jun 10 2026, 2:32 PM
There's been remarkably little change in mortgage rates so far this week. Monday saw a modest increase vs Friday, but since then, there's been essenti...
Tue, Jun 9 2026, 3:42 PM
Mortgage rates put an end to the most recent spike that followed last Friday's jobs report. Most of the upward movement happened on Friday, but yester...
Mon, Jun 8 2026, 4:33 PM
The average top-tier 30yr fixed mortgage rate rose 0.08% last Friday after the jobs report came in much stronger than expected. Today added another 0....
Fri, Jun 5 2026, 2:29 PM
Over the past three months, mortgage rate movement has been driven primarily by developments in the Iran war. It's not that war, itself, is a consider...
Thu, Jun 4 2026, 3:13 PM
After hitting long-term highs on May 19th, mortgage rates dropped somewhat quickly by May 26th. Ever since then, they've been moving back and forth in...
Wed, Jun 3 2026, 3:03 PM
Imagine being stuck at home watching TV for 3 months and only being able to stream one show. That's been the case for the bond market (which dictates ...
Tue, Jun 2 2026, 3:59 PM
It was an uneventful day for the bond market and, thus, mortgage rates. Unlike the average trading day of late, there were no conspicuous war-related ...
Mon, Jun 1 2026, 3:33 PM
Following last week's relatively strong move to the lowest levels since May 14th, mortgage rates bounced slightly higher to start the news week. The m...
Fri, May 29 2026, 1:34 PM
While there are still a few hours left in the trading day, it's a near certainty that this week will end with mortgage rates at meaningfully lower lev...
Thu, May 28 2026, 3:08 PM
We were close yesterday and we officially arrived today. Mortgage rates may still be elevated compared to almost all of the past 10 months, but they'r...
Wed, May 27 2026, 3:47 PM
Early in the trading session, the bond market began improving in response to more updates on a potential Iran peace deal. When bonds improve, rates fa...
Tue, May 26 2026, 2:48 PM
Although mortgage rates are still relatively close to their highest levels in 9 months, they continue moving lower after hitting those highs as the be...
Fri, May 22 2026, 1:19 PM
Mortgage lenders rely on the bond market to generate mortgage rates. In addition to being fully closed on Monday for Memorial Day, bonds also close 3 ...
Thu, May 21 2026, 2:40 PM
After posting a decent recovery from 9-month highs yesterday, it looked like mortgage rates were destined to bounce back toward slightly higher levels...
Wed, May 20 2026, 2:58 PM
Wednesday brought some much-needed relief for the mortgage market after rates surged to new 9 month highs of 6.75% yesterday. Whereas that rate spike ...
Tue, May 19 2026, 3:28 PM
It was another rough day for the bond market and, thus, for interest rates. Investors aggressively sold bonds in the first 2 hours of trading, taking ...
Mon, May 18 2026, 3:34 PM
Mortgage rates hit their highest levels in more than 9 months at the end of last week. Now today, they've edged slightly higher yet again with the ave...
Fri, May 15 2026, 12:40 PM
Mortgage rates are driven by bonds and the bond market hoped to see more evidence of shift toward peace during the 2-day Trump/Xi meeting in China. As...
Thu, May 14 2026, 3:20 PM
May continues to be a more volatile month than the bulk of April when it comes to day over day mortgage rate movement. While the average day has seen ...
Wed, May 13 2026, 2:58 PM
Mortgage rates rose somewhat sharply yesterday to match the highest level since March 27th. They're just a hair higher today, thus officially at 6-wee...
Tue, May 12 2026, 3:28 PM
When the Iran war was in its initial escalation phase, the initial surge in markets took the top-tier 30yr fixed rate to 6.64% for the average lender ...
Mon, May 11 2026, 3:30 PM
Last week was decidedly stronger for mortgage rates as they either held steady or moved lower on 5 out of 5 days. All told, it was a 0.14% drop from t...
Fri, May 8 2026, 1:52 PM
It ended up being a decent round trip for rates this week. Monday kicked things off with a jump to the highest level in more than a month, and the thi...
Thu, May 7 2026, 2:46 PM
The day began on a fairly hopeful note for the mortgage market. During overnight trading hours, the bond market improved following a report regarding ...
Wed, May 6 2026, 3:40 PM
Mortgage rates spiked sharply on Monday, hitting the highest levels in more than a month as escalation fears ramped up surrounding the Iran war. Yeste...
Tue, May 5 2026, 2:43 PM
One popular refrain in the mortgage industry is that rates take the escalator on the way up and the stairs on the way down. Yesterday was definitely a...
Mon, May 4 2026, 3:19 PM
Top-tier 30-year fixed rates are back above 6.5% today for the first time in more than a month for the average lender. Many lenders raised rates durin...
Fri, May 1 2026, 1:58 PM
Low volatility was the most obvious theme for mortgage rates last week. From April 14th through last Friday, the range for a top-tier 30yr fixed rate ...
Thu, Apr 30 2026, 3:09 PM
Mortgage rates spiked on Wednesday (yesterday) after reports suggested a prolonged blockade of the Strait of Hormuz. As has been the case for most of ...
Wed, Apr 29 2026, 4:09 PM
Mortgage rates jumped higher today at the fastest pace in weeks to the highest levels since March 30th. There were two key motivations for the increas...
Tue, Apr 28 2026, 3:32 PM
Mortgage rates moved moderately higher today for the average lender, but not for any exciting reasons. Rather, the change has more to do with timing o...
Mon, Apr 27 2026, 3:21 PM
Despite the elevated volatility risk heading into the weekend, mortgage rates are starting the week in exactly the same territory compared to Friday a...
Fri, Apr 24 2026, 3:31 PM
With zero change versus Thursday's latest levels, the 30yr fixed mortgage rate index maintained a 0.03% range for the entire week (and 0.04% going bac...
Thu, Apr 23 2026, 2:41 PM
Thursday saw a continuation of the recent trend of very low volatility for mortgage rates. The average lender's top-tier 30yr fixed rates were perfect...
Wed, Apr 22 2026, 3:22 PM
Rates remain focused on oil prices and war-related developments. With yesterday's ceasefire extension and today's ambiguity over the time frame of tha...
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