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...
Tue, Apr 21 2026, 2:49 PM
Technically and officially, today's average top tier 30yr fixed mortgage rate is the highest since last Monday. The catch is that there hasn't been mu...
Mon, Apr 20 2026, 3:21 PM
Despite some initial signs of volatility in financial markets over the weekend, the bond market managed to avoid losing much ground. Because bonds dic...
Fri, Apr 17 2026, 4:06 PM
Today was a victory for mortgage rates, but not nearly as much of a victory as the underlying bond market would suggest. The good news is that the end...
Thu, Apr 16 2026, 3:52 PM
On average, today's top-tier 30 year fixed mortgage rates are exactly the same as yesterday's. Rates are driven by the bond market and bonds continue ...
Wed, Apr 15 2026, 3:20 PM
On Tuesday, the average top-tier 30yr fixed mortgage rate hit the lowest level in exactly 4 weeks. If you're not interested in splitting hairs, today'...
Tue, Apr 14 2026, 3:23 PM
Mortgage rates had their best day of the month so far with the top tier 30yr fixed rate falling 0.08% for the average lender to the lowest levels in e...
Mon, Apr 13 2026, 3:30 PM
Mortgage rates are based on movement in the bond market and although bonds experienced some volatility in response to Iran war news over the weekend, ...
Fri, Apr 10 2026, 1:44 PM
If we're splitting hairs, today's average mortgage rates are technically higher than yesterday's, but the change is so small that it's just as fair to...
Thu, Apr 9 2026, 3:25 PM
Many borrowers will see no difference between yesterday and today's mortgage rate quotes. The average lender moved just a hair lower. Once again, the...
Wed, Apr 8 2026, 3:27 PM
It's a fluid situation in financial markets on Wednesday. The 2-week ceasefire in the Iran war caused a big reaction last night, but the benefit to th...
Tue, Apr 7 2026, 3:14 PM
In stark contrast to the entire month of March, April's mortgage rate volatility has been downright boring. To put this in context, the average top ti...
Mon, Apr 6 2026, 3:11 PM
It was an uneventful day for mortgage rates with the average lender close enough to Friday's levels that borrowers would not see much of a difference ...
Thu, Apr 2 2026, 3:12 PM
On any given Thursday, there's a decent enough chance that the average mortgage rate headline will be unintentionally misleading. At issue is media re...
Wed, Apr 1 2026, 3:14 PM
Mortgage rates were little-changed on Wednesday, despite the release of several economic reports and another deluge of war-related headlines. In the s...
Tue, Mar 31 2026, 3:21 PM
Mortgage rates moved lower for the second straight day as markets responded to potential de-escalation in the Iran war. Rates are based on bonds and ...
Mon, Mar 30 2026, 3:24 PM
The bad news is that the average top-tier 30yr fixed rate remains over 6.5% after being under 6% just a month ago. The good news is that rates recover...
Fri, Mar 27 2026, 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 ...
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