Fri, Jul 17 2020, 4:46 PM
Markets continue to focus on coronavirus numbers first and foremost. When the news is good , we tend to see stocks and rates move higher. When the new...
Thu, Jul 16 2020, 3:59 PM
Mortgage rates moved lower this morning as lenders got caught up with recent improvement in the bond market. The bond market is the primary considerat...
Tue, Jul 14 2020, 4:56 PM
Mortgage rates recovered to some extent today, after moving slightly higher on Friday and yesterday. The bond market (which underlies rate movement) w...
Fri, Jul 10 2020, 4:46 PM
It should no longer come as a surprise that the pandemic continues to create never-before-seen circumstances in all corners of society. Here in the ho...
Thu, Jul 9 2020, 4:25 PM
There are two kinds of headlines about mortgage rates today: those that rely on the weekly survey-based data published each Thursday by Freddie Mac, a...
Wed, Jul 8 2020, 4:08 PM
Mortgage rates were unchanged today for the average lender. That means they remain at all-time lows that are even lower than the all-time lows seen du...
Tue, Jul 7 2020, 4:27 PM
Mortgage rates were already at all-time lows yesterday, and had been holding at those levels for at least 3 business days for the average lender. I no...
Mon, Jul 6 2020, 3:58 PM
Mortgage rates barely budged for the third straight day, which is welcome news considering they are at all-time lows. The stability comes in spite of ...
Thu, Jul 2 2020, 3:26 PM
This week's economic data included the biggest-ever gain in Pending Home Sales, a leading indicator for the housing market. Meanwhile, mortgage rates ...
Wed, Jul 1 2020, 4:48 PM
Mortgage rates were generally unchanged today, thus leaving the average lender at all-time lows for conventional 30yr fixed scenarios. It continues to...
Tue, Jun 30 2020, 3:36 PM
Mortgage rates managed another slight improvement today, which means the average lender is offering new all-time low rates for the 4th time this month...
Mon, Jun 29 2020, 3:52 PM
Mortgage rates were unchanged to slightly lower today, bringing the average lender right in line with all-time lows . Averages aside, several lenders ...
Fri, Jun 26 2020, 4:44 PM
The fates of the economy, the housing market, and interest rates remain closely intertwined with coronavirus. The pandemic is clearly responsible for ...
Thu, Jun 25 2020, 4:13 PM
Mortgage rates moved modestly lower today, bringing the average lender very close to all-time lows . The caveat continues to be that day-to-day rate c...
Wed, Jun 24 2020, 3:26 PM
Mortgage rates moved modestly lower today, but face an uphill battle in general. They fell very quickly as coronavirus first hit financial markets. Th...
Tue, Jun 23 2020, 4:16 PM
It seems almost melodramatic to refer to any modest increase in mortgage rates these days. If we were to go over each lender's rate sheet with a fine ...
Mon, Jun 22 2020, 5:06 PM
Mortgage rates held their ground today, with the average lender in roughly the same shape as they were on Friday. Incidentally, that's great shape! Wh...
Fri, Jun 19 2020, 4:32 PM
Coronavirus hit markets with unprecedented force in March. Stock prices and bond yields sank. When the outlook grew less dire, markets began moving ba...
Thu, Jun 18 2020, 8:17 PM
Mortgage rates improved modestly today as investors remain cautious amidst rising coronavirus stats in several states. The experience of those states ...
Wed, Jun 17 2020, 5:06 PM
Mortgage rates joined many other sections of financial markets today in doing almost absolutely nothing . Both stocks and bonds were almost perfectly ...
Tue, Jun 16 2020, 4:21 PM
Mortgage rates moved higher for the 3rd straight business day. That said, last Friday is better described as being a "2nd consecutive day of all-time ...
Mon, Jun 15 2020, 5:27 PM
Mortgage rates were slightly higher today for the average lender. Additionally, some lenders bumped rates a bit in the middle of the day in response t...
Fri, Jun 12 2020, 4:54 PM
Mortgage rates plunged well into new all-time lows this week, which is a striking turn of events given the vastly different outlook at the end of last...
Thu, Jun 11 2020, 5:48 PM
Mortgage rates plunged well into new all-time lows today. This is a striking turn of events given the vastly different outlook at the end of last week...
Wed, Jun 10 2020, 5:07 PM
Mortgage rates dropped quickly today. This wasn't necessarily destined to be the case this morning, but after the Fed released its most recent policy ...
Tue, Jun 9 2020, 5:53 PM
Mortgage rates moved lower again today, with the average lender erasing a good amount of the weakness seen last week. That's good news considering rat...
Mon, Jun 8 2020, 5:02 PM
After moving higher at a fairly quick pace last by last Friday, mortgage rates are off to a better start this week. Rates remain noticeably higher ver...
Fri, Jun 5 2020, 12:25 PM
Things are quickly getting interesting for mortgage rates , and by 'interesting,' I mean potentially alarming. Everything's relative though, so it sho...
Thu, Jun 4 2020, 4:17 PM
Mortgage rates are directly tied to the bond market. This isn't too much of a surprise considering pretty much anything with an interest rate can be t...
Wed, Jun 3 2020, 3:52 PM
Mortgage rates were decisively higher today as the bond market lost ground due to surprisingly strong economic data. Mortgage rate movement is mainly ...
Tue, Jun 2 2020, 3:50 PM
Mortgage rates were mixed today with some lenders improving and others moving higher. This isn't so much a factor of anything that happened today as m...
Mon, Jun 1 2020, 4:43 PM
Mortgage rates pulled off a repeat performance of last Friday's intraday drama. The average lender began the day in higher territory as bond markets w...
Fri, May 29 2020, 5:50 PM
Mortgage rates staged a nice little comeback today, moving back toward the all-time lows seen late last week. Mortgage rates are determined primarily ...
Thu, May 28 2020, 4:38 PM
It's Thursday, and thus time once again for Freddie Mac's weekly mortgage rate survey. This is the longest-running and most widely-cited snapshot of m...
Wed, May 27 2020, 4:56 PM
Mortgage rates managed to stay sideways today after beginning the week with a move higher yesterday. This is a victory all things considered. Rates ta...
Tue, May 26 2020, 4:09 PM
Mortgage rates hit new all-time lows last week. In fact, for many lenders, records were broken on more than one day. That raised the risk of a bounce ...
Fri, May 22 2020, 3:31 PM
There's no shortage of bad news when it comes to the economy and the housing market. But that's no surprise considering the circumstances. The sheer s...
Thu, May 21 2020, 3:50 PM
Mortgage rates were mostly steady today for most lenders. Those who changed generally did so in a friendly direction. Either way, that means today's r...
Wed, May 20 2020, 5:53 PM
Mortgage rates fell again today. Whereas yesterday's improvements arrived in choppy fashion only after many lenders quoted higher rates in the morning...
Tue, May 19 2020, 4:50 PM
Mortgage rates were mixed this morning, depending on the lender. The more responsive lenders had already bumped rates higher yesterday in response to ...
Mon, May 18 2020, 4:44 PM
Mortgage rates hit all-time lows on Friday, based on the average rate for a top tier conventional 30yr fixed loan scenario. At that time, I raised the...
Fri, May 15 2020, 4:34 PM
As of yesterday, we knew mortgage rates were already in line with their lowest levels ever . It wouldn't have taken much to set the record today and i...
Thu, May 14 2020, 3:49 PM
Mortgage rates move lower again today. Combined with yesterday's drop, the improvement has been significant for top tier rate quotes in the lower rang...
Wed, May 13 2020, 4:02 PM
Mortgage rates improved today, on average, but things can vary quite a bit depending on the lender. Several lenders are back in line with their lowest...
Mon, May 11 2020, 7:12 PM
Mortgage rates began the day slightly lower compared to last Friday, but that didn't last long . Underlying bond markets were under pressure from the ...
Fri, May 8 2020, 6:59 PM
Mortgage rates ended the week on a low note (in a good way), falling in line with their best recent levels. This put some lenders in line with April 3...
Wed, May 6 2020, 5:20 PM
Mortgage rates moved slightly higher this week, but not enough to worry about too terribly much. Most lenders are still in the mid-to-low 3% range and...
Mon, May 4 2020, 5:04 PM
Mortgage rates moved off their recent lows to start the new week, but only slightly. That keeps the average lender very close to the lowest rates in r...
Thu, Apr 30 2020, 5:42 PM
Mortgage rates moved down again today, bringing the average lender to their best levels since the 2nd week of March. Some lenders are quoting their lo...
Tue, Apr 28 2020, 6:24 PM
Mortgage rates moved down nicely last week and have either maintained or improved upon those levels this week. The catch is that the good times aren't...
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