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...
Thu, Apr 23 2020, 6:23 PM
Let's get caveats out of the way upfront. No conversation about mortgage rates would be complete without a reminder that some lenders are very far rem...
Mon, Apr 20 2020, 5:56 PM
While the industry has come to terms with recent challenges in terms of day-to-day volatility, mortgage rates remain higher than they otherwise would ...
Fri, Apr 17 2020, 6:22 PM
Mortgage rates continue showing a willingness to play by at least a few of the same rules that typically apply. Most of the rules went out the window ...
Wed, Apr 15 2020, 5:16 PM
Mortgage rates had a reasonably calm and logical day--not something we've been able to say very often recently. It was calm in the sense that today's ...
Tue, Apr 14 2020, 4:54 PM
Mortgage rates were moderately to significantly higher today depending on the lender, the program, and on one's own definition of words like "moderate...
Mon, Apr 13 2020, 5:06 PM
Mortgage rates have been volatile and unpredictable to say the least. Some of this has to do with overall market volatility surrounding the market's r...
Fri, Apr 10 2020, 2:18 PM
Just as the mortgage industry was coming to terms with unprecedented market volatility due to coronavirus, the details of the CARES Act (the coronavir...
Mon, Apr 6 2020, 4:55 PM
The most important ingredient in the mortgage market is the presence of homeowners--prospective or otherwise--with the means and desire to make monthl...
Tue, Mar 31 2020, 5:30 PM
There are too many counter-intuitive and frustrating developments in the mortgage market to comprehend all at one time, let alone discuss. That's not ...
Wed, Mar 25 2020, 6:42 PM
Depending on what you're looking at, when you look, and where you look, mortgage rates could either be amazing or terrible. Large, upstanding, secure,...
Tue, Mar 24 2020, 6:36 PM
There is a LOT of misinformation flying around out there about the mortgage market, the Fed, and the various impacts on rates from the government's co...
Thu, Mar 19 2020, 5:42 PM
Today was the most volatile day in the history of the mortgage market in many regards. There were days in the early 80's that saw rates move by simila...
Mon, Mar 16 2020, 5:40 PM
Lots of words recently and lots to do for all of us, so let's make this simple. No, you can't get a that new 0% mortgage rate you heard about! It does...
Sun, Mar 15 2020, 5:45 PM
There are a lot of words here. If you have a mortgage you might ever refinance (and especially if you think Sunday's emergency Fed news means you can ...
Thu, Mar 12 2020, 9:16 PM
In all my years of following mortgage rates I haven't seen anything quite like the current environment. 2008 came fairly close, but the vibe was decid...
Wed, Mar 11 2020, 4:46 PM
Mortgage rates continued a relentless surge higher today. The move began in earnest yesterday for two key reasons: bond market panic and mortgage mark...
Tue, Mar 10 2020, 5:47 PM
Mortgage rates have exploded higher over the past day and a half as the bond market sends threatening signals about a big picture bounce off the recen...
Mon, Mar 9 2020, 5:02 PM
Mortgage rates would kindly like to reserve the right not to make sense to you, or anyone else these days. They haven't been pulled in so many directi...
Fri, Mar 6 2020, 7:28 PM
Mortgage rates remain at or near all time lows , but they haven't moved much since hitting them earlier this week--at least on average. In fact, the a...
Wed, Mar 4 2020, 5:21 PM
Mortgage rates have progressively hit newer and lower all time lows every day this week, but there's one massive catch. Rates and fees have been extra...
Tue, Mar 3 2020, 5:03 PM
This is mostly a reprint of a piece I wrote earlier today for the MBS Commentary channel. If you read that one, you've basically already seen what fol...
Mon, Mar 2 2020, 9:24 AM
Mortgage rates officially hit all-time lows this morning. Even so, it continues to be the case that Treasury yields (often referred to as the basis fo...
Thu, Feb 27 2020, 5:26 PM
Mortgage rates hit the lowest levels in 8 years either today or yesterday, depending on the lender, just narrowly edging out the rates seen in early J...
Tue, Feb 25 2020, 4:56 PM
Mortgage rates have been putting on a rather frustrating and exciting show in the month of February. On the one hand, they're at their lowest levels s...
Mon, Feb 24 2020, 7:18 PM
Mortgage rates continue to carve out the unlikeliest of victories in 2020 with significant help from coronavirus. The epidemic has taken a year that w...
Fri, Feb 21 2020, 3:52 PM
Yesterday's mortgage rate commentary noted a fresh move down to the lowest levels in more than 3.5 years . With just a bit more improvement, the same ...
Thu, Feb 20 2020, 3:52 PM
Mortgage rates haven't been this low for this long in years--3.5 years to be exact. Brexit was the talk of the town in the middle of 2016 and it resul...
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