Fri, Jul 22 2022, 4:50 PM
The market came into the week with a big focus on the scheduled policy announcement from the European Central Bank (ECB). While our focus remains on ...
Thu, Jul 21 2022, 3:38 PM
Thursday brought the much-anticipated policy announcement from the European Central Bank (ECB). While our focus remains on mortgage rates in an entir...
Tue, Jul 19 2022, 4:25 PM
Mortgage rates are based primarily on the price of mortgage-backed securities (MBS), which are essentially bonds consisting of numerous similar mortga...
Fri, Jul 15 2022, 5:02 PM
It was a week for paradoxes on several fronts, most notably when mortgage rates moved lower just after the Fed floated the idea of an even bigger hike...
Thu, Jul 14 2022, 4:43 PM
A week ago today, we saw one of the most glaring examples of the popular Freddie Mac mortgage rate survey sending mixed signals to reporters and consu...
Wed, Jul 13 2022, 3:40 PM
Ask anyone who knows a thing or two about how interest rates work and they'll tell you: inflation is the enemy! What caused the record high rates b...
Tue, Jul 12 2022, 2:43 PM
The first two days of the week have been fairly boring for mortgage rates relative to recent volatility. There's been a bit of friendly movement on b...
Mon, Jul 11 2022, 5:25 PM
Mortgage rates moved sharply higher last week relative to where they ended the previous week. In the 3 weeks before that, rates fell at one of the fa...
Fri, Jul 8 2022, 4:43 PM
Most of the following is an updated version of the same coverage from yesterday. Little changed today apart from the big jobs report pushing rates hi...
Thu, Jul 7 2022, 3:46 PM
Without a shadow of a doubt, mortgage rates are noticeably higher today than they were yesterday. They were also noticeably higher yesterday compared...
Wed, Jul 6 2022, 5:10 PM
Mortgage rates have been moving lower for the past 3 weeks after hitting the highest levels since 2008 in the middle of June. This was a larger-scale...
Tue, Jul 5 2022, 4:14 PM
Mortgage rates hit 5.5% last Friday for the top tier conforming 30yr fixed scenario at the average lender. That was the lowest since June 8th, just...
Fri, Jul 1 2022, 5:18 PM
Mortgage rates have been volatile in 2022. Most of that volatility has played out in the form of higher rates. The past 2 weeks have been a notable ex...
Thu, Jun 30 2022, 4:45 PM
Inflation is the enemy of low interest rates. As such, the mortgage market was waiting patiently for this week's key inflation report released this m...
Wed, Jun 29 2022, 5:02 PM
Mortgage rates are driven by the bond market and bonds have been under tremendous pressure due to inflation. As such, when a major inflation report c...
Tue, Jun 28 2022, 5:02 PM
After moving up sharply on Friday, mortgage rates weren't significantly higher yesterday. That represented a bit of a disconnect with underlying bond...
Mon, Jun 27 2022, 4:12 PM
Last week was significantly calmer than the previous week for rates (and many other things in the financial market, for that matter). After hitting t...
Fri, Jun 24 2022, 5:00 PM
In 2020 and 2021, housing boomed and rates plummeted at a pace that many considered to be unsustainable . 2022's role is to take things back in the o...
Thu, Jun 23 2022, 4:06 PM
Most of today's mortgage rate headlines suggest that rates are higher this week. Nothing could be farther from the truth. Well, a few things could b...
Wed, Jun 22 2022, 5:41 PM
When rates jump by some of the biggest amounts ever to the highest levels in more than a decade, it sets us up for some equally impressive corrections...
Tue, Jun 21 2022, 5:04 PM
Mortgage rates surged well into the 6% range last week before quickly cooling down after Wednesday's Fed announcement. The average top tier rate was ...
Fri, Jun 17 2022, 8:06 PM
In a year where mortgage rate volatility has been extreme, this week made everything else look tame by comparison. While it will never show up in wee...
Thu, Jun 16 2022, 4:37 PM
Mortgage rates are still in the process of bouncing back from an ultra-sharp spike to the highest levels since 2008 seen on Tuesday. Clarity from the...
Wed, Jun 15 2022, 6:48 PM
The pace of the spike in mortgage rates over the past several days has been nothing but staggering --especially considering it began when rates were ...
Tue, Jun 14 2022, 5:31 PM
Yes, mortgage rates really moved above 6% yesterday for the first time since 2008. Yesterday's coverage addressed the core of the matter (definitely ...
Mon, Jun 13 2022, 4:57 PM
It's hard to quantify just how bad today was for mortgage rates because there's no quality day-over-day mortgage rate data from before 2009 (when we c...
Fri, Jun 10 2022, 10:58 PM
2022 has already had its fair share of bad news for mortgage rates, but this week was not to be outdone. It began as just another reasonably bad week...
Thu, Jun 9 2022, 3:18 PM
Mortgage rates moved higher this morning as the bond market reacted to a new policy announcement from the European Central Bank (ECB). If you're thin...
Wed, Jun 8 2022, 4:48 PM
Rates jumped significantly higher last week and have continued drifting up at a gradual pace since then. The average lender remains in territory that...
Tue, Jun 7 2022, 3:52 PM
Mortgage rates are primarily determined by mortgage-specific bonds (MBS, or mortgage-backed securities to be exact). MBS share similarities with the ...
Mon, Jun 6 2022, 3:53 PM
Last week's mortgage rate momentum served to reverse 3 of the best consecutive weeks in nearly a year--themselves a reversal of the worst 4 months sin...
Fri, Jun 3 2022, 6:05 PM
By last Friday, rates had improved so much from recent highs that we were finally able to consider that 2022's trend had shifted gears from "skyrocket...
Thu, Jun 2 2022, 4:53 PM
Mortgage rates jumped higher at a fairly quick pace during the first 2 days of the week (in this case, Tue/Wed due to Memorial Day holiday). Today br...
Wed, Jun 1 2022, 4:38 PM
Mortgage rates moved higher for the 2nd straight day this week. On both days, the pace has been brisk by historical standards. In terms of the avera...
Tue, May 31 2022, 4:52 PM
As of last Friday, mortgage rates had enjoyed 3 of their best weeks in a long time. Sure, there were caveats that argued against celebrating the gain...
Fri, May 27 2022, 4:30 PM
The housing market has been keeping its head down, keeping calm, and carrying on in the face of the biggest rate spike since the 1980s. The ability t...
Wed, May 25 2022, 5:46 PM
Mortgage rates fell again today, bringing them even deeper into their best levels in over a month, but caveats abound. First off. They're still quit...
Tue, May 24 2022, 4:59 PM
Mortgage rates have generally been moving lower for more than 2 weeks now. Today's gains were enough to bring them to their best levels in just over ...
Mon, May 23 2022, 4:34 PM
Mortgage rates are coming off their best 2 weeks in quite some time--a feat that sounds more impressive than it is by the time we consider the precurs...
Thu, May 19 2022, 5:01 PM
A brutally fast spike to the highest rates in more than a decade comes with some decent consolation prizes. Over the past 2 weeks, it has allowed the...
Wed, May 18 2022, 4:37 PM
There has been a lot of volatility in the bond market recently. Because bonds drive interest rate changes, that's meant plenty of volatility in the m...
Tue, May 17 2022, 4:10 PM
Mortgage rates moved higher today at the fastest pace in 2 weeks. Part of the reason the size of the jump was the fact that rates have done quite wel...
Mon, May 16 2022, 4:19 PM
Mortgage rates are coming off of one of their best weeks in nearly 2 years, which isn't quite as glamorous as it sounds, but still a good accomplish...
Fri, May 13 2022, 6:05 PM
Mortgage rates have moved higher at the fastest pace in decades so far in 2022, but this week proved to be a refreshing exception. To understand why,...
Thu, May 12 2022, 4:34 PM
Multiple headlines are citing higher mortgage rates today. Even if you read past those headlines, you'd still be left with the impression that this w...
Wed, May 11 2022, 3:20 PM
Mortgage rates almost hit a new 2 week low today. That's the first time we've been able to say that since early March when markets were still react...
Tue, May 10 2022, 4:13 PM
By the middle of the day today, certain rates at many mortgage lenders were a quarter of a percent lower than they were yesterday morning. A drop of ...
Mon, May 9 2022, 3:58 PM
2022 has been the year of volatility for mortgage rates with most of the swings resulting in successive runs to long-term highs. Every now and then...
Fri, May 6 2022, 4:58 PM
It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually risen? Th...
Thu, May 5 2022, 6:49 PM
Good news continues to be in short supply for mortgage rates. In fact, even the good news has ended up being bad on many recent occasions. Today i...
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