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...
Fri, Aug 9 2024, 4:44 PM
After starting out at the lowest levels in more than a year on Monday morning, mortgage rates had done nothing but increase through Thursday afternoon...
Thu, Aug 8 2024, 2:50 PM
It's Thursday and thus time once again for a side-by-side glimpse at our actual daily average 30yr fixed mortgage rate and the weekly survey-based rat...
Wed, Aug 7 2024, 5:18 PM
Yesterday saw one of the largest single day mortgage rate increases in years, although there were more than a few caveats. We discussed those in grea...
Tue, Aug 6 2024, 3:40 PM
In and of itself, today was quite awful for mortgage rates with conventional 30yr fixed rates moving up faster than on almost any other day in the pas...
Mon, Aug 5 2024, 5:18 PM
As of Friday, the average top tier 30yr fixed mortgage rate was merely at the lowest levels of 2024. A modest additional drop this morning brought th...
Fri, Aug 2 2024, 5:45 PM
The events of this past week serve as an exclamation point in one of the many sentences that tells the story of the big shift away from the generation...
Thu, Aug 1 2024, 4:45 PM
It's official! At this point, you'd need to go all the way back to the end of December 2023 to see a lower average rate for a top tier, conventional ...
Wed, Jul 31 2024, 5:11 PM
The Fed didn't cut rates today and rates then moved quickly lower. Naturally, there's more to the story than that, but the paradox is a good reminder...
Tue, Jul 30 2024, 3:42 PM
Mortgage rates began the day with the average lender quoting just slightly higher rates compared to yesterday's latest levels. By the end of the day,...
Mon, Jul 29 2024, 4:00 PM
Although the range has been very narrow for the past few weeks, average mortgage rates nonetheless fell to the lowest levels in more than 6 months. T...
Fri, Jul 26 2024, 5:37 PM
This week's most important economic data was the PCE price index which is the gold standard of big picture inflation measurement. For those hoping to ...
Thu, Jul 25 2024, 2:52 PM
Mortgage rates continue moving in very small steps from day to day--something that's been the case since the Consumer Price Index (CPI) more than 2 we...
Wed, Jul 24 2024, 4:35 PM
Mortgage rates technically moved up to the highest levels in 2 weeks today, but that sounds a bit more dramatic than it actually is. Rates have large...
Tue, Jul 23 2024, 3:50 PM
Spats of volatility in the mortgage rate world seem to last only a matter of hours recently and to occur only a few times on any given month. The res...
Mon, Jul 22 2024, 4:51 PM
Mortgage rates rose at a moderately quick pace on Friday, partially in response bond market weakness on Thursday afternoon that happened too late in t...
Fri, Jul 19 2024, 5:03 PM
While there was never much of a chance of mortgage rates moving above the levels seen at the beginning of last week, they were easily able to nab the ...
Thu, Jul 18 2024, 4:02 PM
Thursday's mark the release of Freddie Mac's weekly mortgage rate survey. It's the longest running and most widely cited measure of mortgage rates, b...
Wed, Jul 17 2024, 4:26 PM
Despite an active calendar of events that had the potential to cause volatility, average mortgage rates managed to remain unchanged in the morning and...
Tue, Jul 16 2024, 4:00 PM
When is a defeat not really a defeat? Mortgage rates have an idea. They're fresh off an incredibly rare 8 day winning streak that took the average 3...
Mon, Jul 15 2024, 4:36 PM
We occasionally reference 5 day winning streaks for mortgage rates as the sort of uncommon occurrence that greatly increases the odds of at least a te...
Fri, Jul 12 2024, 4:23 PM
Yesterday was all about the CONSUMER Price Index (CPI), which helped mortgage rates drop at the 2nd fastest pace of the year. Today brough the PRODUC...
Thu, Jul 11 2024, 3:53 PM
Rates were prepared to make a big move in one direction or the other heading into today's high stakes inflation data. Fortunately, the Consumer Price...
Wed, Jul 10 2024, 3:44 PM
Mortgage rates have been in a narrow range for more than a month now with the average top tier 30yr fixed rate staying within striking distance of the...
Tue, Jul 9 2024, 4:08 PM
Mortgage rates are based on movement in the bond market and bonds haven't been moving much over the past 3 days. That's resulted in very little chang...
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