Today, 4:02 PM
Bonds lost ground today, largely due to mechanical, month-end trading (i.e. not due to economic data, inflation, or news headlines). When bonds lose g...
Fri, Aug 28 2026, 2:45 PM
Jackson Hole is a place in Wyoming, but it's also shorthand for an annual event where various central bankers get together and talk about monetary pol...
Thu, Aug 27 2026, 3:45 PM
Mortgage rates barely budged again on Thursday, but there was far less data to digest compared to Wednesday. Bonds (which dictate rates) were steady t...
Wed, Aug 26 2026, 3:29 PM
Intraday volatility in the bond market can make it tricky to track day over day changes in mortgage rates. Lenders publish the day's first rates based...
Tue, Aug 25 2026, 3:41 PM
Fuel prices continue dictating most of the day-to-day momentum for interest rates and today was a notable example. Early this morning, news reports su...
Mon, Aug 24 2026, 3:59 PM
Mortgage rates are based on bonds, but whereas bonds improved slightly from Friday's levels, mortgage rates are microscopically higher for the average...
Fri, Aug 21 2026, 2:35 PM
For all practical purposes, Friday's mortgage rates were unchanged versus Thursday's, but if we're splitting hairs, the average lender rose 0.01% to 6...
Thu, Aug 20 2026, 4:38 PM
While Freddie Mac's weekly mortgage rate survey may show rates moving slightly lower this week, today's rates are actually higher than they were at th...
Wed, Aug 19 2026, 3:43 PM
Mortgage rates dropped on Wednesday due to a combination of lower oil prices and the announcement of changes to Treasury's bond buyback program. The ...
Tue, Aug 18 2026, 3:33 PM
Mortgage rates rose for the third straight day on Tuesday with the average top-tier 30yr fixed rate moving up a modest 0.02% to 6.75%. Notably, the bo...
Mon, Aug 17 2026, 1:27 PM
After ending last week near the lowest level since July 17th, mortgage rates are moving up to start the new week. Motivations are familiar. Escalation...
Fri, Aug 14 2026, 2:56 PM
First, the bad news: mortgage rates ended the day just a hair higher compared to Thursday, but the change was so small that many borrowers will see li...
Thu, Aug 13 2026, 4:07 PM
Mortgage rates dropped noticeably on Thursday on a combination of lower oil prices and a lower inflation reading via the Producer Price Index (PPI). R...
Wed, Aug 12 2026, 4:48 PM
Mortgage lenders set rates around 10am ET every day, but the bond market dictates the day to day changes, and bonds were on the move throughout the ov...
Tue, Aug 11 2026, 4:30 PM
It ended up being a remarkably uneventful day for mortgage rates. Some lenders were slightly higher than yesterday. Others were roughly unchanged. The...
Mon, Aug 10 2026, 3:32 PM
As of last Friday, average top-tier mortgage rates hit their lowest levels since July 20th. If they'd managed to drop even 0.01% today, it would have ...
Fri, Aug 7 2026, 4:58 PM
Mortgage rates dropped moderately today after the latest jobs report showed much lower jobs created than expected. The monthly jobs report is one of ...
Thu, Aug 6 2026, 2:08 PM
Mortgage rates rose modestly on Thursday, with multiple lenders making mid-day adjustments in response to bond market volatility. Bonds remain highly ...
Wed, Aug 5 2026, 3:11 PM
The bond market and mortgage rates have been on the move lower recently after hitting longer term highs at the end of July. Today offered a break from...
Tue, Aug 4 2026, 3:01 PM
Mortgage rates were a bit hesitant to follow the bond market's advice yesterday. Specifically, bonds rallied (i.e. bond prices moved higher and yields...
Mon, Aug 3 2026, 3:27 PM
Mortgage rates had a tough day on Friday, largely in response to bond market volatility surrounding heavy forex trading as a part of US/Japan efforts ...
Fri, Jul 31 2026, 1:36 PM
To be fair, mortgage rates haven't been far from their long-term highs in over a week, but today's 30yr fixed index level of 6.83% is functionally equ...
Thu, Jul 30 2026, 2:52 PM
It's not at all uncommon for mortgage rates to experience microscopic movement in either direction on any given day. In fact, it's probably the most c...
Wed, Jul 29 2026, 3:53 PM
Heading into today's Fed announcement, futures markets indicated roughly a 1 in 3 chance that the Fed would hike rates. They did not. This seems like ...
Mon, Jul 27 2026, 2:44 PM
After bottoming out around 6.5% in late June, mortgage rates moved steadily higher this month, ultimately hitting 6.85% last Thursday--the highest lev...
Fri, Jul 24 2026, 3:06 PM
If you're just tuning in, mortgage rates had a rough day yesterday on top of a rough week overall. The result was the highest 30yr fixed rate in over ...
Thu, Jul 23 2026, 1:41 PM
Mortgage moved higher today, and while the jump was no larger than the one seen on Monday, both were 'above average' and both took rates in the wrong ...
Wed, Jul 22 2026, 3:47 PM
We have bad news and slightly less bad news. Starting with the latter, today's mortgage rates are only marginally higher than they were yesterday with...
Tue, Jul 21 2026, 3:29 PM
In late July, 2025, 30yr fixed rates embarked on an excellent adventure, moving down from 6.75% on July 31st to 5.99% by late February, 2026. Since th...
Mon, Jul 20 2026, 3:10 PM
Last week ended on a promising note with Friday's rates falling just barely below the previous Friday's levels. This was a relief after the top-tier 3...
Fri, Jul 17 2026, 2:41 PM
The good news is that mortgage rates ended the day at their lowest levels of the week. That's welcome news after Monday's rates matched the highest se...
Thu, Jul 16 2026, 3:27 PM
While some news stories suggest that rates are the highest in 11 months today, that's not quite true. The highest rates of the year were seen on July ...
Wed, Jul 15 2026, 2:40 PM
Mortgage rates moved lower again today following another lower-than-expected reading on an inflation report. Yesterday's Consumer Price Index (CPI) ha...
Tue, Jul 14 2026, 3:17 PM
Our daily 30yr fixed rate index hit 6.75% yesterday. This matched the high from May 19th and is the highest level since late July 29, 2025. The key co...
Mon, Jul 13 2026, 4:12 PM
Interest rates are based on bonds. Because the bonds underlying the average mortgage are fixed rate, inflation is the enemy. Imagine you're an investo...
Fri, Jul 10 2026, 2:39 PM
Rates are based on bonds and bonds have been taking cues from oil prices this week. Oil was flat overnight, bringing bonds along for the sideways ride...
Thu, Jul 9 2026, 3:39 PM
Mortgage rates were rapidly approaching 10-month highs as of yesterday afternoon. They managed a friendly bounce today, but it was fairly small with t...
Wed, Jul 8 2026, 3:03 PM
Mortgage rates have moved higher at a moderate pace over the past 2 days as tensions between The U.S. and Iran see a resurgence. As far as the underly...
Tue, Jul 7 2026, 2:53 PM
It's been a while since oil prices were the focal point of the interest rate conversation, but that recently familiar dynamic is once again playing ou...
Mon, Jul 6 2026, 3:23 PM
Volatility is always a risk surrounding 3 day holiday weekends when it comes to markets and mortgage rates, but this time around, things have been ver...
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....
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