Today, 3:47 PM
Mortgage rates jumped to their highest levels since late July yesterday. Underlying market movement wasn't readily attributable to any singular headl...
Mon, Oct 21 2024, 3:42 PM
By the smallest of margins, mortgage rates are back up to levels last seen in July. That means we've gone from being fairly close to 6% in mid-Septem...
Fri, Oct 18 2024, 3:52 PM
There hasn't been much day to day movement in mortgage rates after the big jump caused by the jobs report earlier in the month. That jump ended on Mo...
Thu, Oct 17 2024, 3:45 PM
Mortgage rates are driven by the bond market and bonds consistently take cues from economic data. Traders have been waiting on this Thursday's econom...
Wed, Oct 16 2024, 3:44 PM
Mortgage rates have been holding in a fairly narrow range since the middle of last week and today was one of the least interesting additions to the tr...
Tue, Oct 15 2024, 4:03 PM
The average mortgage lender is quoting rates that are just a fraction of a hair lower today compared to last Friday. Lenders were either closed or ot...
Fri, Oct 11 2024, 3:28 PM
While this week's rates were substantially higher than most of last week's, if we remove a few flashes of volatility, the average lender stayed very ...
Thu, Oct 10 2024, 3:59 PM
We can appreciate that the daunting task of determining what "the" actual mortgage rate may be at any given moment. The word "the" is singled out in ...
Wed, Oct 9 2024, 3:28 PM
Today brought the release of the minutes from the most recent Fed meeting in addition to numerous Fed speeches and the scheduled auction of 10yr Treas...
Tue, Oct 8 2024, 3:50 PM
Mortgage rates spiked at their fastest pace in months on Friday following the jobs report and yesterday added insult to injury, making for a total inc...
Mon, Oct 7 2024, 3:24 PM
It's been a strange and frustrating couple of weeks for anyone who mistakenly believed that mortgage rates would move lower after the Fed rate cut. T...
Fri, Oct 4 2024, 12:04 PM
Today's much-anticipated jobs report ended up coming out much stronger than expected. A stronger result was all but guaranteed to cause carnage (rela...
Thu, Oct 3 2024, 4:59 PM
Depending on how tuned in you've been to changes in our daily rate tracking, the news may be getting old at this point. Rates have done almost nothin...
Wed, Oct 2 2024, 3:52 PM
Mortgage rates moved higher today after an employment report suggested that Friday's forthcoming Employment Situation (the BIG jobs report) might come...
Tue, Oct 1 2024, 4:04 PM
While the past 5 months have been well-stocked with victories for mortgage rates, the past week and a half brought a bit of a pull back. Most of that...
Mon, Sep 30 2024, 5:27 PM
Mortgage rates have generally been moving higher since the Fed cut rates 2 weeks ago. We've discussed and explained that paradox exhaustively and can...
Fri, Sep 27 2024, 5:10 PM
'Tis the season for things to be something other than what they appear to be, apparently. Lenders are talking about new loan limits, but they haven't ...
Thu, Sep 26 2024, 3:25 PM
Because we created the industry's first daily mortgage rate index based on actual lender rate sheets without any subjective distortions, and because t...
Wed, Sep 25 2024, 4:14 PM
Mortgage rates hit their lowest levels in more than a year and a half last Tuesday as the bond market put the finishing touches on its preparation for...
Tue, Sep 24 2024, 4:32 PM
The Federal Reserve is far from the only game in town when it comes to exerting influence on interest rates. That's a loaded statement, of course, co...
Mon, Sep 23 2024, 4:35 PM
Mortgage rates rose modestly last week after hitting long term lows before the Fed announced its 0.50% rate cut. In not so many words, mortgage rates...
Fri, Sep 20 2024, 3:42 PM
Credit where credit is due: the rate market did an outstanding job of getting out in front of the Fed rate cut as well as the changes to the Fed's rat...
Thu, Sep 19 2024, 3:47 PM
Today's release of Freddie Mac's Primary Mortgage Market Survey took at bad problem and made it worse. Freddie's survey methodology means that today'...
Wed, Sep 18 2024, 4:59 PM
We publish daily coverage of mortgage rate movement and have done so for nearly 20 years now. It's a great place to quickly check in on rate trends a...
Tue, Sep 17 2024, 3:19 PM
Mortgage rates have fallen nearly 2% from last year's peak. Much of that decrease can be viewed as the normal phenomenon of longer term rates getting...
Mon, Sep 16 2024, 3:18 PM
The new week began on a relatively quiet note in terms of mortgage rate movement and the underlying bond market. There was modest volatility earlier...
Fri, Sep 13 2024, 3:55 PM
We've talked a lot about why the Fed rate cut will have no additional positive impact on mortgage rates next week. Everything the market can already ...
Thu, Sep 12 2024, 4:19 PM
While it's true that there have only been 8 business days so far this month, it's also true that today is the only one of the 8 where mortgage rates h...
Wed, Sep 11 2024, 3:31 PM
Mortgage rates moved lower again today despite a key inflation report coming in higher than expected. This is counterintuitive for anyone who's been ...
Tue, Sep 10 2024, 4:12 PM
Mortgage rates are based on trading in the bond market and bonds consistently take cues from economic data. Among the data, some reports are vastly m...
Mon, Sep 9 2024, 3:55 PM
The average lender's top tier 30yr fixed rate fell to the lowest level since April 2023 last week. That's down more than 1.25% over the past 5 months....
Fri, Sep 6 2024, 5:15 PM
Mortgage rates have a long and storied history of making big moves on the day that the big monthly jobs report comes out. In that regard, today was f...
Thu, Sep 5 2024, 4:17 PM
Wouldn't it be nice if you could know what was going to happen with mortgage rates before it actually happened? Since the dawn of time in financial m...
Wed, Sep 4 2024, 3:54 PM
Mortgage rates moved lower for the 2nd straight day on Wednesday with the average lender right in line with their lowest levels since August 5th. In ...
Tue, Sep 3 2024, 3:24 PM
You never know what you're going to get on the days surrounding a 3 day weekend for financial markets, and that's doubly true when it corresponds with...
Fri, Aug 30 2024, 3:42 PM
Day to day movement has been subdued in mortgage rates recently, and now the week over week movement is just as uneventful. Friday's average top tier...
Thu, Aug 29 2024, 4:15 PM
It continues to be the case that mortgage rates are moving in a very narrow range with minimal changes from day to day. For instance, in the past week...
Wed, Aug 28 2024, 3:56 PM
On Wednesday, the average mortgage lender was quoting top tier, conventional 30yr fixed rates at the 2nd lowest level in more than a year. That's cou...
Tue, Aug 27 2024, 4:59 PM
It was another generally uneventful day for the bond markets and, consequently, for the mortgage rates that take cues from bond market movement. Whil...
Mon, Aug 26 2024, 4:07 PM
Mortgage rate movement is tied to activity in the bond market and like many things in the world of finance, the bond market depends on participation f...
Fri, Aug 23 2024, 3:47 PM
Every year, the Federal Reserve (aka "the Fed") gathers in Jackson Hole, WY with a bevy of other central bankers and academics to discuss and comment ...
Thu, Aug 22 2024, 4:29 PM
After moving lower for 4 straight days to hit the 3rd lowest levels in more than a year, mortgage rates bounced just a bit higher today. This was the...
Wed, Aug 21 2024, 4:04 PM
Although the day to day changes in mortgage rates have been modest recently, the slow and steady improvement has brought the average top tier 30yr fix...
Tue, Aug 20 2024, 4:11 PM
File today under "nice." While it wasn't amazing, significant, or even the byproduct of any interesting events, mortgage rates managed to drift modes...
Mon, Aug 19 2024, 3:42 PM
After the intense volatility seen earlier in August, the average change for mortgage rates on any given day has been shrinking. Last week was a mere s...
Fri, Aug 16 2024, 5:17 PM
Mortgage rates had a much calmer week this week compared to the previous 2. The average top tier 30yr fixed rate held a fairly narrow range between 6...
Thu, Aug 15 2024, 3:53 PM
Mortgage rates had moved a bit lower since their most recent high last Thursday. By yesterday afternoon, the average lender had moved down to 6.49 fr...
Wed, Aug 14 2024, 4:35 PM
Today brought the release of important economic data with the power to cause a sharp increase or decrease in mortgage rates. There are a wide variety...
Tue, Aug 13 2024, 4:27 PM
If you're just here to keep an eye on daily changes in mortgage rates, today was solid. There was a modest improvement versus yesterday and the avera...
Mon, Aug 12 2024, 4:35 PM
Today was completely different than the previous Monday in that it was a normal, boring day with essentially no change in mortgage rates over the week...
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