Wed, Dec 22 2021, 7:48 PM
Mortgage rates continued higher for the third straight day on Wednesday. This brings the average lender to the highest levels in exactly 2 weeks. But ...
Mon, Dec 20 2021, 5:28 PM
For most lenders, mortgage rates edged slightly higher at the start of the holiday-shortened week. The exception would be among those lenders who made...
Fri, Dec 17 2021, 6:45 PM
Sure, we could write a headline that attempts to distill the concept of a big picture struggle between the forces exerting upward pressure on rates an...
Wed, Dec 15 2021, 4:25 PM
Mortgage rates were fairly flat heading into today's important Fed announcement. Despite arguably receiving bad news, they didn't move too much higher...
Tue, Dec 14 2021, 3:30 PM
Traditionally, financial markets have been interested in announcements from the Federal Reserve due to the Fed's policy rate (the Fed Funds Rate) and ...
Mon, Dec 13 2021, 3:58 PM
Mortgage rates have been fairly flat in the bigger picture, but each passing day continues to bring small scale movements. This is almost always the c...
Fri, Dec 10 2021, 5:37 PM
Financial market volatility increased noticeably after the emergence of the omicron variant. Last week, that proved to be good for rates and bad for s...
Thu, Dec 9 2021, 2:52 PM
Mortgage rates stabilized yesterday after moving higher on the first 2 days of the week. They managed to improve modestly today despite some volatilit...
Wed, Dec 8 2021, 3:39 PM
Mortgage rates stabilized today after spending the past 2 days moving modestly higher. In general, rates moved almost exclusively lower last week in r...
Tue, Dec 7 2021, 3:39 PM
Mortgage rates moved higher again today thus keeping them well within the sideways range that's been in place for the past 2 months. Omicron-related n...
Mon, Dec 6 2021, 3:57 PM
Mortgage rates have been in a very narrow , sideways range since October. During that time, the average 30yr fixed rate hasn't moved by more than an e...
Fri, Dec 3 2021, 4:19 PM
Several developments are converging on the global economy and financial markets at the moment. Each brings its own causes for concern. Together, they ...
Thu, Dec 2 2021, 3:43 PM
Mortgage rates started weaker and ended stronger yesterday. Unfortunately , today delivered exactly the opposite scenario. The underlying bond market ...
Wed, Dec 1 2021, 4:33 PM
Mortgage rates were much lower at the start of business yesterday , but began rising in the afternoon as the bond market lost ground. That same moment...
Tue, Nov 30 2021, 3:50 PM
Mortgage rates ended the previous week with a hopeful outlook due to the omicron variant. In general, rates benefit from news and events that cause in...
Fri, Nov 26 2021, 2:51 PM
Just when it looked like the current week would fizzle out on a negative note for rates, our least favorite market mover is back in the news. B.1.1.52...
Tue, Nov 23 2021, 4:46 PM
Mortgage rates continued higher today as the bond market remained in a defensive stance for a variety of reasons. The week's scheduled Treasury auctio...
Mon, Nov 22 2021, 5:09 PM
Mortgage rates began the new week on a bad note with the average lender full erasing the improvement seen on Friday. This leaves many lenders at their...
Fri, Nov 19 2021, 3:00 PM
Winter is coming, both literally and figuratively. While the fallout remains to be seen, financial markets are already reacting. In the literal sense,...
Thu, Nov 18 2021, 2:58 PM
Mortgage rates were modestly lower today as the bond market continued pushing back against somewhat abrupt weakness. The average media coverage says s...
Wed, Nov 17 2021, 4:46 PM
Mortgage rates finally caught a break after spending the past six business days moving higher at a faster-than-normal pace. During that time, the aver...
Tue, Nov 16 2021, 3:34 PM
Mortgage rates continued higher again today, despite a fairly flat performance in the bond market. Specifically, the mortgage-backed securities (MBS) ...
Mon, Nov 15 2021, 3:44 PM
After hitting the lowest levels in over a month last Tuesday, mortgage rates have been moving higher fairly quickly each day since then. Most of the d...
Fri, Nov 12 2021, 4:26 PM
Several sources for mortgage rate data are doing consumers a major disservice this week. At least two of them are claiming that the average top tier 3...
Wed, Nov 10 2021, 3:34 PM
Mortgage rates managed to drift down to their best levels in more than a month by yesterday, but the good times ended today... abruptly ! Interest rat...
Tue, Nov 9 2021, 3:42 PM
Mortgage rates moved moderately lower for the 5th straight day, bringing them to the best levels since late September or early October, depending on t...
Mon, Nov 8 2021, 4:27 PM
Mortgage rates are directly based on trading levels in the bond market, so it's almost a given that rates will move in the same direction as bond yiel...
Fri, Nov 5 2021, 6:53 PM
This week, the Fed announced a reduction in its bond buying. In separate news, the big jobs report was much stronger than expected. Both of these even...
Thu, Nov 4 2021, 4:17 PM
Mortgage rates fell today as markets decompressed following yesterday's announcement from the Federal Reserve regarding the reduction of its bond buyi...
Wed, Nov 3 2021, 4:07 PM
Mortgage rates moved higher today after the Federal Reserve announced a reduction in its rate-friendly bond buying program. Actually, to be fair, rate...
Wed, Nov 3 2021, 4:07 PM
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum ...
Tue, Nov 2 2021, 3:58 PM
Mortgage rates began the day moderately lower compared to yesterday's latest levels. The size of the move depends on the time of day in question due t...
Mon, Nov 1 2021, 4:02 PM
Mortgage rates moved moderately lower today despite an absence of significant movement in the bond market. In general, when bonds improve, rates fall ...
Fri, Oct 29 2021, 5:53 PM
For anyone following interest rates very closely in 2013, the taper tantrum is not easily forgotten. It describes the bond market's knee-jerk response...
Thu, Oct 28 2021, 4:45 PM
Mortgage rates finally ended this week's winning streak today. In light of the general upward trend in rates over the past month, bond yields (which t...
Wed, Oct 27 2021, 4:42 PM
Mortgage rates are in recovery mode so far this week. Today brought the best improvements so far with the average lender's rates falling back to the l...
Tue, Oct 26 2021, 4:08 PM
Mortgage rates hit 6 month highs by the end of last week, but they've been cautiously recovering since then. The rebound traces a similar pattern in t...
Mon, Oct 25 2021, 3:45 PM
Mortgage rates began the day right in line with Friday afternoon's latest levels. Lenders likely would have been able to offer lower rates if the bond...
Wed, Oct 20 2021, 3:44 PM
Mortgage rates began moving off longer term lows in early August and that trend has continued ever since. The September 22nd Fed Announcement (and pre...
Tue, Oct 19 2021, 3:48 PM
Mortgage rates hit their highest levels in months yesterday as bonds lost ground at a brisk pace to start the new week. Bonds--specifically mortgage-b...
Mon, Oct 18 2021, 3:24 PM
Mortgage rates had a mixed showing last week. They started out high before improving through Thursday. Finally, they took a step back up on Friday. No...
Fri, Oct 15 2021, 7:33 PM
After a calm summer at historic lows, interest rate volatility has ramped up heading into the fall. What are rates worried about, and is this just the...
Thu, Oct 14 2021, 4:25 PM
Mortgage rates fell today as a majority of lenders finally got caught up with the past few days of strength in the bond market. Lenders rely on bonds-...
Wed, Oct 13 2021, 3:51 PM
Closely following intraday moves for the bond market and mortgage rates means that seemingly insignificant time frames are actually important . For in...
Tue, Oct 12 2021, 3:41 PM
Mortgage rates continued higher on Tuesday after reaching the highest levels in months by the end of last week. The bond market was closed on Monday, ...
Fri, Oct 8 2021, 6:34 PM
It goes by many names: The Employment Situation, Nonfarm Payrolls (NFP), or simply "the jobs report." No matter what you call it, the Labor Department...
Thu, Oct 7 2021, 2:52 PM
It's Thursday and thus time once again for some seriously confusing mixed signals in the world of mortgage rate journalism. The weekly Freddie Mac rat...
Wed, Oct 6 2021, 4:31 PM
Mortgage rates managed to hold mostly steady on Wednesday despite several headwinds that threatened to push them higher. The first headwind falls into...
Tue, Oct 5 2021, 4:35 PM
Mortgage rates managed to begin the week by holding relatively steady, but that changed rather noticeably today. The bond market (which dictates day t...
Mon, Oct 4 2021, 4:03 PM
Mortgage rates are unchanged to a hair lower compared to last Friday, depending on the lender. While that's welcome news given some of the big jumps i...
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