Today, 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...
Wed, Jun 4 2025, 4:32 PM
Whether or not today's drop in rates is meaningful depends on one's perspective, but in the context of recent rate movement, it's definitely noticeabl...
Tue, Jun 3 2025, 4:02 PM
Sometimes a Tuesday is just a Tuesday for mortgage rates. In the present week, any day is capable of generating some volatility due to one of several...
Mon, Jun 2 2025, 4:02 PM
Mortgage rates have been in an exceptionally narrow range since last Tuesday with the 30yr fixed index hovering just under 7%. The average lender is ...
Fri, May 30 2025, 3:28 PM
It has turned out to be a surprisingly calm week for mortgage rates and, as of today, largely a victorious one, even if the victories have been modest...
Thu, May 29 2025, 3:49 PM
There was a bit of behind-the-scenes volatility in the bond market today. Normally, bond volatility translates to interest rate volatility. In some c...
Wed, May 28 2025, 4:13 PM
After moving moderately lower to start the new week yesterday, mortgage rates backtracked ever-so-slightly today. Top tier conventional 30yr fixed ra...
Tue, May 27 2025, 4:48 PM
The 30yr fixed mortgage rate index spent 3 consecutive days over 7% last week--the first time that's happened since February. Rates have generally be...
Fri, May 23 2025, 12:38 PM
The bond market is scheduled to close 3 hour earlier than normal today--a common practice surrounding federal holiday weekends. This means 3 fewer hou...
Thu, May 22 2025, 3:20 PM
Mortgage rates hit their highest level in just over 3 months yesterday with financial markets generally protesting the absence of more serious spendin...
Wed, May 21 2025, 3:43 PM
Two days ago, mortgage rates began the day at 7.04% before mid-day improvements brought the average back down to 6.99%. Today started out in a simila...
Tue, May 20 2025, 4:32 PM
Mortgage rates ultimately managed to hold steady on Tuesday despite some underlying market volatility. Rates change day to day (and sometimes intraday...
Mon, May 19 2025, 3:05 PM
Mortgage rates jumped sharply over the weekend as financial markets reacted to Moody's credit rating downgrade of the U.S. News of the downgrade brok...
Fri, May 16 2025, 4:25 PM
The average top tier 30yr fixed rate is set to end the week just a few hundredths of a percent higher than last Friday at 6.92%. That's a victory--al...
Thu, May 15 2025, 3:36 PM
Mortgage rates have done almost nothing but move higher in the month of May. The latest bump--seen yesterday--took the average top tier 30yr fixed rat...
Wed, May 14 2025, 4:26 PM
In early April, amid the most volatile portion of the market's reaction to the tariff announcement, mortgage rates were officially over 7% for a singl...
Tue, May 13 2025, 4:26 PM
Tuesday brought the release of an economic report that has frequently been responsible for big swings in mortgage rates. The Consumer Price Index (CPI...
Mon, May 12 2025, 4:32 PM
Tariffs and trade policy have been a new and important consideration for the bond market for just over a month now. That matters to mortgage rates bec...
Fri, May 9 2025, 4:30 PM
Whether it's today vs yesterday, or today vs the end of last week, the average top tier 30yr fixed mortgage rate is just a hair lower. Today's improv...
Thu, May 8 2025, 4:04 PM
Mortgage rates moved back up to the higher levels seen earlier this week after the official announcement of a trade deal between the U.S. and the U.K....
Wed, May 7 2025, 3:35 PM
There's nothing like a Fed announcement day to get almost every media outlet to run headlines that attempt to tie the day's market movement to the Fed...
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