Tue, Feb 22 2022, 4:51 PM
Heading into the extended weekend, there was a small possibility that today's mortgage rates would turn out to be slightly lower. Reasons for this ...
Fri, Feb 18 2022, 4:55 PM
With things still up in the air in terms of geopolitical risk, markets are seeking safer havens. Most recently, this is affecting stocks a bit more t...
Thu, Feb 17 2022, 4:35 PM
It's Thursday and thus time once again for the weekly installment of Freddie Mac's Primary Mortgage Market Survey. For the 2nd time this year, Fred...
Wed, Feb 16 2022, 3:24 PM
There have been a few hours of a few days over the past week where mortgage rates have been just a bit higher than they are this afternoon. But for...
Mon, Feb 14 2022, 4:07 PM
Last Friday was an interesting day for mortgage rates and the broader bond market. Rates began the day roughly in line with Thursday's latest levels,...
Fri, Feb 11 2022, 7:31 PM
There were 3 distinct parts to this week. The first part consisted of the entirety of the first 3 days. Rates didn't move much as the market contin...
Thu, Feb 10 2022, 12:22 PM
There are many different ways to track mortgage rates and several different sources quoted in the news. For decades, the most prevalently-quoted sour...
Wed, Feb 9 2022, 4:28 PM
The day began with so much potential --at least in the sense that it could have served as the foundation for slightly lower mortgage rates this after...
Tue, Feb 8 2022, 4:42 PM
Last Friday continues to be the epicenter of the most recent push to multi-year highs for mortgage rates. The average lender jumped by roughly an e...
Fri, Feb 4 2022, 12:29 PM
Rates have been trending higher in fits and starts since August 2020, but the mortgage market was insulated from much of the pain due to its disconn...
Thu, Feb 3 2022, 4:27 PM
What a difference a day makes. Unfortunately, it's an unpleasant difference in this case as mortgage rates went from the lowest levels in more than a...
Wed, Feb 2 2022, 3:36 PM
After a month like January (where rates rose very quickly), we'll take any victory we can get. In today's case, that means the celebration of rates...
Mon, Jan 31 2022, 3:44 PM
Mortgage rates moved higher at their fastest pace in several years at the beginning of January . Even though the volatility died down after the firs...
Fri, Jan 28 2022, 4:52 PM
January has been a month marked by the market's adjustment to a shift in the Fed policy outlook. This began right at the outset and resulted in highe...
Wed, Jan 26 2022, 6:04 PM
Fed policy is critically important to interest rates and January has marked a shift in the Fed policy outlook. In not so many words, the Fed sees its...
Tue, Jan 25 2022, 3:45 PM
It's a tale as old as time for those who closely follow the day to day gyrations in the mortgage market. Bond volatility forces lenders to raise ra...
Fri, Jan 21 2022, 8:09 PM
The bond market returned from a 3 day weekend to find yields surging higher on Tuesday. That pushed mortgage rates to fresh 2 year highs and added em...
Thu, Jan 20 2022, 3:31 PM
Today was one of the most uneventful days in recent memory for mortgage rates. The average lender is in very similar territory compared to yesterda...
Wed, Jan 19 2022, 4:22 PM
Mortgage rates have been having a bad 2022 so far with the average lender up to the highest levels in roughly 2 years as of yesterday. The reason? T...
Tue, Jan 18 2022, 4:12 PM
One of the very few welcome byproducts of the pandemic was the pervasive availability of new all-time low mortgage rates. Depending on when you c...
Fri, Jan 14 2022, 7:20 PM
In the past 2 weeks, press coverage of the Federal Reserve's policy outlook has ramped up significantly. The Fed is now expected to start hiking rate...
Thu, Jan 13 2022, 4:06 PM
In almost every case, a day of bond market improvement results in rates moving lower. That makes sense considering mortgage rates are based primarily...
Wed, Jan 12 2022, 4:25 PM
Interest rates are typically determined by bond market. Mortgage rates, for instance, are directly tied to mortgage-specific bonds know as mortgage-b...
Tue, Jan 11 2022, 4:39 PM
2022 has gotten off to a bad start for the bond market and consequently, mortgage rates. The pace has been on the aggressive side with the average ...
Mon, Jan 10 2022, 3:24 PM
Last week wasn't a great one for mortgage rates. Most lenders were roughly a quarter of a point higher on a conventional 30yr fixed scenario by Fri...
Fri, Jan 7 2022, 5:00 PM
Seemingly overnight, the mortgage rate narrative has changed rather drastically, at least in relative terms. While rates had risen gradually from near...
Thu, Jan 6 2022, 3:53 PM
Regular readers know that we're fond of setting the weekly record straight in cases where day-to-day rate movements paint a drastically different pict...
Tue, Jan 4 2022, 4:49 PM
Mortgage rates had been drifting modestly higher in general in the past 2 weeks, but the pace is accelerating in the new year. For some lenders, this...
Mon, Jan 3 2022, 4:13 PM
The year is not off to a great start for mortgage rates . At the end of last week, we were already looking at the highest levels in months. The s...
Thu, Dec 30 2021, 3:15 PM
Mortgage rates began the week in decent shape, but moved higher somewhat abruptly yesterday. Context is important though. The smallest increment of ...
Tue, Dec 28 2021, 4:30 PM
Mortgage rates hit their highest level in 2 weeks heading into Christmas weekend. The average lender raised costs by a very small amount again on Mond...
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,...
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