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....
Wed, Jun 17 2026, 4:09 PM
Mortgage rates quickly erased a week of progress this afternoon following the Fed announcement and press conference. Fed announcement day historically...
Tue, Jun 16 2026, 3:56 PM
Today's top tier 30yr fixed rate was 6.54% for the average lender. You'd have to go back to May 14th's reading of 6.52% to see anything lower. The lat...
Mon, Jun 15 2026, 3:51 PM
The bad news: mortgage rates didn't fall quite as much as one might have expected following the confirmation of the Iran peace deal. The good news: ra...
Fri, Jun 12 2026, 2:51 PM
Some national headlines are pointing out that mortgage rates are higher this week. Those are based on weekly survey data which can often be stale comp...
Thu, Jun 11 2026, 4:00 PM
Mortgage rates began the day in uneventful fashion with the average lender right in line with yesterday's latest levels. Things might have gotten off ...
Wed, Jun 10 2026, 2:32 PM
There's been remarkably little change in mortgage rates so far this week. Monday saw a modest increase vs Friday, but since then, there's been essenti...
Tue, Jun 9 2026, 3:42 PM
Mortgage rates put an end to the most recent spike that followed last Friday's jobs report. Most of the upward movement happened on Friday, but yester...
Mon, Jun 8 2026, 4:33 PM
The average top-tier 30yr fixed mortgage rate rose 0.08% last Friday after the jobs report came in much stronger than expected. Today added another 0....
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 ...
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