Tue, Apr 30 2019, 5:17 PM
Mortgage rates moved up again today, despite modest improvement in the bond market (which typically coincides with lower rates). Part of the reason fo...
Mon, Apr 29 2019, 5:29 PM
Mortgage rates moved up today, but at a fairly tame pace in the bigger picture. The rest of the week, however, may not be as tame. There are multiple ...
Fri, Apr 26 2019, 7:09 PM
Mortgage rates improved again today, keeping the week-over-week move decidedly friendly. For more on the weekly move, see the in-depth discussion in y...
Thu, Apr 25 2019, 4:38 PM
Mortgage rates held fairly steady today with the average lender unchanged to just slightly higher on the day. That's fairly good news considering yest...
Wed, Apr 24 2019, 4:39 PM
Mortgage rates moved lower at their best pace in several weeks today, with the average lender making it back to levels not seen since April 12th. The ...
Tue, Apr 23 2019, 3:42 PM
When bonds make "gains," it means that bond prices are moving up. The price of a bond is like the amount that a lender is willing to pay for the right...
Mon, Apr 22 2019, 4:54 PM
Mortgage rates were higher again on Monday, but just barely. The average lender was still in worse shape on Tuesday or Wednesday of last week when rat...
Thu, Apr 18 2019, 2:06 PM
Mortgage rates have generally been moving higher since March 28th after they bottomed out at the lowest levels in well over a year. At the time, inves...
Wed, Apr 17 2019, 3:54 PM
Mortgage rates continued higher for the 5th day in a row today. This brings the average lender to the highest levels in exactly one month. At issue: a...
Tue, Apr 16 2019, 4:22 PM
Mortgage rates rose again today, albeit at a slightly slower clip compared to yesterday. Still, that's little consolidation considering this is the 4t...
Mon, Apr 15 2019, 5:25 PM
Mortgage rates continued higher to start the week, following a relatively sharp increase on Friday. Interestingly enough, the underlying bond market w...
Fri, Apr 12 2019, 5:19 PM
Mortgage rates rose fairly quickly on Friday, depending on the lender and the scenario. Bonds (which dictate mortgage rates and interest rates in gene...
Thu, Apr 11 2019, 5:41 PM
Mortgage rates were arguably flat today for the average lender although a few were slightly higher or lower depending on their offerings from yesterda...
Wed, Apr 10 2019, 4:33 PM
Mortgage rates dropped today. It wasn't a huge move, but they didn't have to go very far to get to the best levels of the month. To be fair, many pros...
Tue, Apr 9 2019, 4:45 PM
Mortgage rates were flat-to-slightly-higher yet again today. Whereas that depended on the lender yesterday, today's weakness was more universal. That'...
Mon, Apr 8 2019, 6:05 PM
Mortgage rates were flat-to-slightly-higher today, depending on the lender and the time of day. Why would the time of day matter? Mortgage rates are b...
Fri, Apr 5 2019, 4:08 PM
Mortgage rates moved lower today following a mixed report on the US labor market. The once-a-month Employment Situation (the official name for the "jo...
Thu, Apr 4 2019, 4:21 PM
Mortgage rates barely budged today after hitting the highest levels in more than a week yesterday. In general, the bond market (which dictates rate mo...
Wed, Apr 3 2019, 3:56 PM
Mortgage rates resumed a week-long move higher today, bringing them to the highest levels since March 19th or 20th, depending on the lender. Between n...
Tue, Apr 2 2019, 4:46 PM
Mortgage rates spiked quickly yesterday, moving up to the highest levels in more than a week and adding an eighth of a percentage point (.125%) to Fri...
Mon, Apr 1 2019, 4:53 PM
Mortgage rates spiked quickly today, capping a 3-day run leading back up from the lowest levels in more than a year. Today's move was by far the bigge...
Fri, Mar 29 2019, 3:18 PM
Mortgage rates were higher again today, making this the first confirmed bounce since beginning their stellar run last week. To be clear, rates have be...
Thu, Mar 28 2019, 4:25 PM
Mortgage rates moved higher by a measurable amount today--the first time they've done such a thing in nearly a month! Even after the modest increase, ...
Wed, Mar 27 2019, 4:29 PM
Mortgage rates moved lower for the 6th straight day , bringing them very close to the best levels since late 2017. Perhaps more impressive (or telling...
Tue, Mar 26 2019, 4:26 PM
Mortgage rates took the day to do just a little bit more of what they've been doing in fairly grand fashion for the past week: MOVE LOWER! When the go...
Mon, Mar 25 2019, 5:20 PM
Mortgage rates continued deeper into long-term lows today as the underlying bond market experiences its most impressive rally of the year. In a rally,...
Fri, Mar 22 2019, 5:30 PM
At the end of last week, the average top-tier 30yr fixed mortgage rate quote was 4.375%. As of today, the exact same scenario would be at 4.125%--a qu...
Thu, Mar 21 2019, 5:13 PM
Granted, we're not back to the sub-4% mortgage rates that dominated much of the past 8 years, but breaking into the high 3% range is a valid considera...
Wed, Mar 20 2019, 5:30 PM
Mortgage rates broke a week-long streak of silence today following a policy announcement from the Federal Reserve. Even before today's Fed announcemen...
Tue, Mar 19 2019, 3:48 PM
Mortgage rates were flat for the 4th day in a row today in a sign that investors have largely taken their seats for tomorrow's big show. The Fed will ...
Mon, Mar 18 2019, 4:30 PM
Mortgage rates didn't budge today--a logical result with no signs of life in underlying bond markets. In the current case, this is just fine with us c...
Fri, Mar 15 2019, 3:49 PM
Mortgage rates remained at recent lows today, as underlying bond markets strengthened. For US Treasuries, this brought rates to new multi-month lows. ...
Thu, Mar 14 2019, 4:41 PM
Mortgage rates held steady today, despite moderate weakness in underlying bond markets. This occurred for two reasons. First, yesterday saw bond marke...
Wed, Mar 13 2019, 4:42 PM
Mortgage rates were officially lower today, despite some weakness in the bond market. In general, bond market weakness coincides with rates moving hig...
Tue, Mar 12 2019, 3:52 PM
Mortgage rates dropped convincingly today, bringing them to new long-term lows. The average lender hasn't offered anything lower for more than a year ...
Mon, Mar 11 2019, 3:59 PM
Mortgage rates were roughly unchanged to begin the week. That means they are staying in line with the lowest levels in more than a year. Only 2 or 3 d...
Fri, Mar 8 2019, 3:50 PM
Yesterday, we talked about how mortgage rates were actually lower this week, despite some news coverage to the contrary, and how that discrepancy was ...
Thu, Mar 7 2019, 4:53 PM
Mortgage rates dropped noticeably today, as the underlying bond market benefited from overseas developments. The European Central Bank (ECB) is Europe...
Wed, Mar 6 2019, 4:42 PM
Mortgage rates improved again today, bringing them back to the lowest levels seen since last Thursday morning. Starting last Wednesday, we saw a fairl...
Tue, Mar 5 2019, 4:55 PM
After a pretty rough conclusion last week, yesterday's stability was a welcome change for mortgage rates at the start of the new week. Today made thin...
Mon, Mar 4 2019, 3:40 PM
Mortgage rates finally caught their breath today after rising quickly in the second half of last week. Specifically, the average lender managed to avo...
Fri, Mar 1 2019, 4:15 PM
Mortgage rates surged again today as the underlying bond market continued to capitulate to selling pressure. Let's talk about what that means in plain...
Thu, Feb 28 2019, 6:00 PM
Mortgage rates moved quickly higher today following stronger-than-expected economic data. Rates are driven by the bond market. Bonds are safe-haven as...
Wed, Feb 27 2019, 5:54 PM
At one point today, there were three apparently important events dominating the newswires simultaneously. These included the Fed Chair's congressional...
Tue, Feb 26 2019, 4:41 PM
Whereas mortgage rates were almost undetectably higher yesterday, they were lower by roughly the same insignificant amount today. In either case, and ...
Mon, Feb 25 2019, 3:24 PM
Mortgage rates were very nearly unchanged today, although the average lender was just slightly higher. Investors reacted to news over the weekend that...
Fri, Feb 22 2019, 6:12 PM
Mortgage rates are most directly affected by the day to day movement in the bond market. It's interesting to consider that bonds improved quite a bit ...
Thu, Feb 21 2019, 4:03 PM
Mortgage rates may be close to their lowest levels in more than a year, but they were slightly higher versus yesterday. Yesterday's rates were close e...
Wed, Feb 20 2019, 4:46 PM
Mortgage rates finally broke from their recent "back-and-forth" pattern of the past 7 business days and moved lower for the 2nd day in a row . Althoug...
Tue, Feb 19 2019, 3:47 PM
Mortgage rates fell modestly today, making it the 7th straight business day where they've moved in the opposite direction from the previous day. This ...
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