Tue, Mar 30 2021, 3:50 PM
There are a few interesting developments for mortgage rates today--especially in light of last week's striking discrepancy between Freddie's weekly su...
Fri, Mar 26 2021, 5:14 PM
The biggest story for the mortgage and housing market so far in 2021 has been the big spike in mortgage rates. It has been more abrupt and covered mor...
Thu, Mar 25 2021, 2:52 PM
It's no secret that 2021 has been a rough year for mortgage rates so far. They've moved higher on all but a few weeks, and exclusively higher if we on...
Wed, Mar 24 2021, 4:30 PM
Mortgage rates put in their 3rd decent performance of the week today amid relatively calm conditions in the underlying bond market. These sorts of win...
Tue, Mar 23 2021, 4:14 PM
Mortgage rates moved lower at a decent pace today for the 2nd day in a row. The average lender is still offering the same "note rate" compared to yest...
Thu, Mar 18 2021, 4:48 PM
Despite your thoughts on the term "fake news," we have to talk about it in the context of mortgage rates . It's highly pertinent, even if deception is...
Wed, Mar 17 2021, 4:39 PM
Mortgage rates started the day in bad shape after significant bond market weakness overnight. Treasury yields rose roughly 0.05%, and that sort of mov...
Tue, Mar 16 2021, 4:08 PM
Mortgage rates rose moderately today, depending on the lender. It's worth noting that lender pricing is exceptionally widely stratified at the moment....
Thu, Mar 11 2021, 3:50 PM
Mortgage rates improved microscopically today as the underlying bond market stayed uncharacteristically steady. Since the beginning of 2021, bonds hav...
Tue, Mar 9 2021, 4:15 PM
At this point, no one should be surprised to hear that mortgage rates have moved significantly higher in 2021--especially in the past few weeks. There...
Thu, Mar 4 2021, 5:27 PM
Mortgage rates jumped quickly today after Q&A session with Federal Reserve Chair Jerome Powell. What did he say to cause such drama? Actually, it's mo...
Tue, Mar 2 2021, 4:40 PM
In the past 2 decades , there have been 6 months where mortgage rates rose at least 50 basis points. February 2021 was one of them. Moreover, it was o...
Fri, Feb 26 2021, 5:49 PM
Rising rates have been on the menu for months, but the drama kicked into a higher gear this week. Maybe you heard about this? We've certainly been dis...
Thu, Feb 25 2021, 5:28 PM
Mortgage rates WISH they were still at 2.97%--the number conveyed today by Freddie Mac's weekly survey. Freddie's data is accurate when it comes to ca...
Wed, Feb 24 2021, 4:33 PM
As of today, you'd have to go back to June 2020 to see higher mortgage rates. This is courtesy of an ongoing move in the bond market that has longer-t...
Mon, Feb 22 2021, 6:06 PM
There are still 4 business days left in the month of February and thus still 4 days for the bond market to undergo an epic recovery that helps mortgag...
Fri, Feb 19 2021, 5:54 PM
There's no precedent for the winning streak enjoyed by mortgage rates in the 2nd half of 2020. We've never seen so many new record lows in the same ye...
Wed, Feb 17 2021, 4:18 PM
Volatility has returned to the mortgage market in grand fashion this week with many lenders quoting rates that are as much as a quarter of a point hig...
Tue, Feb 16 2021, 4:18 PM
Recovery prospects, renewed focus on stimulus, inflation concerns, a brighter covid outlook, etc... All of these are reasons for an ongoing, gradual t...
Wed, Feb 10 2021, 4:02 PM
Mortgage rates haven't been moving much recently, but they've logged enough small victories to make it back to the lower levels seen on February 1st ....
Tue, Feb 2 2021, 3:44 PM
Mortgage Rates were steady to slightly lower yesterday even though prevailing trends in the bond market suggested caution. Today's trading is a differ...
Mon, Feb 1 2021, 3:40 PM
Mortgage Rates did well last week, with the average lender getting very close to long-term lows by Wednesday. After that, however, volatility in the b...
Fri, Jan 29 2021, 4:52 PM
After spiking in early January, interest rates returned to near-all-time-low levels by the middle of the week. By the end, however, the market began t...
Tue, Jan 26 2021, 4:03 PM
Mortgage rates were mixed to slightly higher today, depending on the lender. "Higher" is a relative term, in this case as the average loan seeker is u...
Mon, Jan 25 2021, 4:24 PM
What's a bond market rally and why should mortgage rates care? There are all kinds of bonds. US Treasuries would be the quintessential example, but th...
Fri, Jan 22 2021, 4:23 PM
While it wasn't quite the biggest surprise of 2020, the strength of the housing market was one of the best. The just-released numbers for December kee...
Thu, Jan 21 2021, 3:36 PM
Mortgage rates made more progress today, but only after some drama in the morning. The bond market started the day in weaker territory and many mortga...
Wed, Jan 20 2021, 4:25 PM
Mortgage rates are off to a decent start this week with the average lender offering slightly better terms compared to last Friday. The progress actual...
Wed, Jan 13 2021, 4:32 PM
Mortgage rates had another solid day today--this time without any of the early drama seen yesterday. If you're just getting caught up, the bond market...
Tue, Jan 12 2021, 4:22 PM
Mortgage rates were off to a very bad start this morning, but recovered a portion of what they lost by the end of the day. The specifics depend greatl...
Mon, Jan 11 2021, 5:41 PM
Mortgage rates are coming off a rough week-- the roughest , in fact, since June 2020 by some measures. That's the last time rates rose this quickly fo...
Thu, Jan 7 2021, 5:40 PM
Mortgage rates moved higher today, but only a modest pace compared to yesterday (read more about yesterday's rate rout HERE ). Over the past two days,...
Wed, Jan 6 2021, 5:33 PM
Mortgage rates went to bed last night knowing they were at risk of a volatile day today. Georgia's senate race has been in focus for 2 months now beca...
Tue, Jan 5 2021, 3:53 PM
Mortgage rates got off to a slow start yesterday. It was hard to object considering that left the average lender in line with record lows. But today w...
Mon, Jan 4 2021, 4:30 PM
Mortgage rates are off to a slow start in the new year, and that's a good thing. An absence of movement means the average lender continues offering ra...
Tue, Dec 29 2020, 3:50 PM
For all practical purposes, the year is over when it comes to mortgage rate volatility. True, there is some small chance that political developments c...
Tue, Dec 22 2020, 6:54 PM
Mortgage rates hit another all-time low on Friday for most lenders. Other lenders had slightly lower rates yesterday morning. Since then however, almo...
Thu, Dec 17 2020, 5:50 PM
2020 has safely secured its place in the record books as the year of all-time lows in mortgage rates --one of them anyway. Several other years have re...
Wed, Dec 16 2020, 4:36 PM
Today marked the release of an updated policy statement from the Federal Reserve. In other words, it was Fed day! Lots can happen on Fed days--especia...
Tue, Dec 15 2020, 5:12 PM
Mortgage rates were mixed today, depending on the lender. The bond market--the driving force behind interest rate movement--was stronger yesterday. Ma...
Thu, Dec 10 2020, 4:05 PM
It's old news that 2020 is unprecedented for a lot of bad reasons, but how about a few that aren't so bad? As is often the case when anything causes m...
Wed, Dec 9 2020, 4:46 PM
While all is easily forgiven in light of all-time low rates, the pandemic made a mess of the mortgage market in many ways. Most messes have been resol...
Mon, Dec 7 2020, 4:59 PM
You might think you know mortgage rates. You might make assumptions about where they'll go and what they'll do based on past precedent. For decades, y...
Fri, Dec 4 2020, 5:53 PM
Mortgage loans ultimately "turn into" bonds and those bonds have a certain value to investors. When those values change, so do the rates offered by mo...
Thu, Dec 3 2020, 4:43 PM
Tomorrow brings the month's most important economic report: the Employment Situation, often referred to simply as "the jobs report." No other piece of...
Wed, Dec 2 2020, 4:19 PM
Although it was the focus of yesterday's discussion , the ability of the mortgage market to hold steady in the face of bond market weakness continues ...
Tue, Dec 1 2020, 4:05 PM
Like many industries, housing finance has a superficial layer that's fairly easy to understand for the average consumer. A person wants a home. They d...
Mon, Nov 30 2020, 4:43 PM
Although many mortgage lenders were technically open for business last Friday, it's a well-known unofficial holiday. Mortgage rate movement requires b...
Tue, Nov 24 2020, 4:42 PM
If you follow the MBS Commentary channel on this site, you will have already seen most of the following, but it's relevant for consumers as well. As f...
Mon, Nov 23 2020, 5:01 PM
Everything is relative when it comes to following day-to-day movements in mortgage rates . Yes, they're technically higher than they were on Friday af...
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