Tue, Oct 15 2019, 4:32 PM
Mortgage rates ended higher for the 4th straight business day on Tuesday, but that wasn't necessarily destined to be the case this morning. After last...
Fri, Oct 11 2019, 5:27 PM
Mortgage rates moved higher from Wednesday through the end of the week. Thursday and Friday were especially abrupt as financial markets hurried to get...
Thu, Oct 10 2019, 6:09 PM
Mortgage rates were sharply higher today as the underlying bond market faced heavy selling pressure for a variety of reasons. When investors are more ...
Wed, Oct 9 2019, 4:52 PM
Mortgage rates moved modestly higher today, but remain very close to the lowest levels in nearly a month. The underlying bond market (which dictates r...
Tue, Oct 8 2019, 4:48 PM
Mortgage rates were slightly lower today despite some volatility in the underlying bond market. Rates have generally been moving lower recently, but t...
Mon, Oct 7 2019, 5:30 PM
Mortgage rates moved lower every week for the past 3 weeks. They covered a respectable amount of ground during that time and ultimately erased most of...
Fri, Oct 4 2019, 3:26 PM
Mortgage rates fell nicely this week with modest to moderate gains throughout. As I noted yesterday, this runs counter to the week's average mortgage ...
Thu, Oct 3 2019, 4:07 PM
Mortgage rates are much lower today compared to last Thursday, or any other day last week. Despite that fact, major news outlets--even those dedicated...
Wed, Oct 2 2019, 4:49 PM
Mortgage rates are historically quite low and they managed to continue lower today . This is in addition to a steady string of improvements that began...
Tue, Oct 1 2019, 4:27 PM
Mortgage rates were already at their lowest levels in a few weeks by yesterday afternoon--a journey that largely consisted of baby steps. There have b...
Mon, Sep 30 2019, 4:35 PM
Mortgage rate movement was fairly uneventful last week. The bond market (which is most directly responsible for driving day-to-day changes in mortgage...
Thu, Sep 26 2019, 3:59 PM
Mortgage rates held steady today--a welcome development after yesterday's move higher. In the bigger picture, rates have done an acceptable job of mov...
Wed, Sep 25 2019, 5:23 PM
Mortgage rates bounced higher today, after making it to the best levels in more than a week yesterday afternoon. Markets responded to a strong home sa...
Tue, Sep 24 2019, 3:11 PM
Mortgage rates managed to hold on to the improvements seen yesterday. This was far from a certainty yesterday afternoon as the underlying bond market ...
Mon, Sep 23 2019, 5:41 PM
Mortgage rates added to last week's friendly rebound with their best single-day drop in more than a month today. Weak economic data in Europe and tepi...
Fri, Sep 20 2019, 5:59 PM
What a difference a week makes! At the end of last week, things were pretty grim, with mortgage rates having just seen their worst single week since 2...
Thu, Sep 19 2019, 4:23 PM
Here is exactly what yesterday's Fed rate cut did to mortgage rates: ABSOLUTELY NOTHING! No Fed rate cut (or hike) will EVER do ANYTHING directly to m...
Wed, Sep 18 2019, 4:54 PM
One of the greatest potential sources of confusion for prospective mortgage borrowers is the relationship between the Fed and mortgage rates. While th...
Tue, Sep 17 2019, 5:02 PM
Mortgage rates have risen rather abruptly from their long term lows 2 weeks ago and are now at the highest levels in more than a month. Fortunately, t...
Mon, Sep 16 2019, 4:48 PM
Mortgage rates closed out their worst week since 2016 on Friday as the bond market underwent a classic correction after its best month since 2011. The...
Fri, Sep 13 2019, 3:17 PM
Mortgage rates were already having their worst week since 2016 as of yesterday afternoon. Rather than help to heal some of the damage, today's bond ma...
Thu, Sep 12 2019, 5:21 PM
Mortgage rates didn't have a great day today, moving even higher from what were already the worst levels in a month as of yesterday afternoon. In and ...
Wed, Sep 11 2019, 5:04 PM
Mortgage rates were roughly unchanged today for the average lender as underlying bond markets finally calmed down. Over the past few days, bond yields...
Tue, Sep 10 2019, 5:38 PM
Mortgage rates and the broader bond market are both in the midst of a correction after hitting the best levels in more than 3 years last week. This is...
Mon, Sep 9 2019, 5:25 PM
Mortgage rates moved higher today at the fastest pace in several months today. The underlying bond market (which dictates rates) was merely hinting at...
Fri, Sep 6 2019, 4:58 PM
Mortgage rates held steady today, which is a victory in light of yesterday's big jump higher. Part of that jump was due to fear that today's jobs repo...
Thu, Sep 5 2019, 3:50 PM
Mortgage rates walked back a decent chunk of their recent improvements today. This claim runs counter to almost any other coverage you'll see, but I'm...
Wed, Sep 4 2019, 6:09 PM
Mortgage rates are on a tear . In the bigger picture, 2019 has been the best year in more than a decade. Only 2002 was arguably on the same level in t...
Tue, Sep 3 2019, 5:05 PM
Mortgage rates had to endure some paradoxical momentum and delayed reaction to the broader bond market rally lately, but now, it's payback time! Not o...
Thu, Aug 29 2019, 4:12 PM
Two days ago, I wrote an article entitled " No, Mortgage Rates Aren't Based on 10yr Treasury Yields ." It's worth a read if you're not already up to s...
Wed, Aug 28 2019, 5:49 PM
Mortgage rates moved lower today as MBS (the mortgage-backed securities that determine the value of mortgages on the secondary market) improved relati...
Tue, Aug 27 2019, 5:23 PM
Mortgage rates have been putting on a rather frustrating and exciting show in the month of August. On the one hand, they're at or near their lowest le...
Mon, Aug 26 2019, 4:06 PM
Mortgage rates are sort of all over the place at the moment, and almost never where you'd expect. Those who haven't been following the bond market too...
Fri, Aug 23 2019, 5:33 PM
Mortgage rates were noticeably higher through yesterday afternoon as the bond market had generally been bouncing back from the more extreme levels ach...
Thu, Aug 22 2019, 3:57 PM
Mortgage rates managed to hold relatively steady today after moving higher at their fastest pace in over a week yesterday. Incidentally, they also hit...
Wed, Aug 21 2019, 4:58 PM
Mortgage rates moved higher today, and it had nothing to do with any of the day's events or news headlines. Quite simply put, the bond market (which d...
Tue, Aug 20 2019, 5:13 PM
Mortgage rates held steady today, for the most part. If there was a leaning, it was toward slightly lower rates, but not by a wide enough margin to be...
Mon, Aug 19 2019, 4:52 PM
Mortgage rates mostly held steady today , despite a move higher in broader interest rate indicators like the 10yr Treasury yield. Treasuries and mortg...
Fri, Aug 16 2019, 3:22 PM
Things have been weird enough for mortgage rates recently that we were forced to add a " Temporary Note on Mortgage Rate Inconsistency " to our daily ...
Thu, Aug 15 2019, 5:18 PM
Mortgage rates fell today as the underlying market for mortgage-backed-securities (MBS) actually did a better job of keeping pace with broader bond ma...
Wed, Aug 14 2019, 6:31 PM
Mortgage rates were unchanged for many lenders today which is utterly and completely shocking given the other market developments that tend to coincid...
Tue, Aug 13 2019, 5:13 PM
Mortgage rates were still unchanged for many lenders as of this morning. There were even a few offering slightly lower rates compared to yesterday mor...
Mon, Aug 12 2019, 3:24 PM
Mortgage rates were unchanged to slightly higher today--a claim that utterly boggles the mind of anyone who thought they understood the relationship b...
Fri, Aug 9 2019, 4:15 PM
Mortgage rates moved lower today even though the broader bond market suggested they should have remained flat or higher. In several of this week's pre...
Thu, Aug 8 2019, 4:22 PM
Mortgage rates were sharply higher today, with the average 30yr fixed rate quote rising by almost an eighth of a percentage point in some cases. A mov...
Wed, Aug 7 2019, 5:13 PM
Mortgage rates have had a great week. Although rates are slightly higher today versus yesterday, they're still exceptionally close to the lowest level...
Tue, Aug 6 2019, 6:03 PM
Mortgage rates hit their lowest levels since November 2016 late last week and they've proceeded to set a new long-term low each day since then. Today ...
Mon, Aug 5 2019, 3:58 PM
Mortgage rates were already in great shape on Friday after having fallen to the lowest levels since November 2016. Rather than draw inspiration from t...
Fri, Aug 2 2019, 7:02 PM
Mortgage rates fell again on Friday as lenders finally saw recent bond market gains stabilize enough to act on. In other words, lenders don't always k...
Thu, Aug 1 2019, 3:06 PM
Mortgage rates fell today, but by how much depends on the lender! This runs contrary to the average news story which contains some reference to rates ...
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