Thu, Nov 3 2022, 3:49 PM
If you missed yesterday's explanation of the Fed's impact on mortgage rates, it's worth a read (assuming you'd like to understand the Fed's impact on ...
Wed, Nov 2 2022, 6:43 PM
The Federal Reserve hiked rates by 0.75% today and 30yr fixed mortgage rates moved moderately higher. Interestingly enough, those two things are fair...
Tue, Nov 1 2022, 5:06 PM
Mortgage rates moved slightly lower today after spending the past two trading days moving higher. The average lender remains in the low 7% range for ...
Mon, Oct 31 2022, 4:40 PM
Mortgage rates are fresh off their best week since at least July and their best winning streak (in terms of consecutive days moving lower) in well ove...
Thu, Oct 27 2022, 5:00 PM
As of yesterday, mortgage rates were already on their best winning streak since late July in terms of consecutive days spent moving lower. With today...
Wed, Oct 26 2022, 5:29 PM
Mortgage rates moved lower for an impressive 4th straight day. That hasn't happened since late July, but there are a few caveats. First off, while t...
Tue, Oct 25 2022, 5:18 PM
Yesterday, we noted that the 2nd consecutive day of improvement for mortgage rates was a rare accomplishment in the context of the past few months. N...
Mon, Oct 24 2022, 5:15 PM
Now here's a rare thing! Mortgage rates managed to move lower, on average, for the 2nd consecutive business day on Monday. That hasn't happened for r...
Fri, Oct 21 2022, 8:18 PM
There's no way to sugarcoat the situation in the bond market and, by extension, the mortgage and housing markets. Rates have risen at a nearly unprece...
Thu, Oct 20 2022, 4:42 PM
Let's talk about exactly what it means to see a mortgage rate headline in the news, or even from some seemingly official index or survey. In fact, l...
Wed, Oct 19 2022, 5:10 PM
There's no sense in beating a dead horse or wading through another "same story, different day" assessment of rates. They were already at 20 year highs...
Tue, Oct 18 2022, 5:29 PM
Mortgage rates were generally unchanged today, but not without plenty of volatility in between. Mortgage lenders would prefer to set their rates once...
Mon, Oct 17 2022, 5:40 PM
Not only is the mortgage rate landscape vastly different than most of the past 20 years in terms of outright levels, but the way things change from da...
Fri, Oct 14 2022, 9:09 PM
Unsurprisingly, the market remains intently focused on inflation as the key driver of Fed policy and rate volatility. This week, the biggest inflation...
Thu, Oct 13 2022, 4:22 PM
There was no way to be sure what the effect of today's economic data would be on mortgage rates. All we knew is that the Consumer Price Index (CPI) w...
Wed, Oct 12 2022, 5:08 PM
Mortgage rates ended the day at slightly lower levels compared to the close of business yesterday. That's the first time rates have fallen day-over-d...
Tue, Oct 11 2022, 2:34 PM
For many of the holidays in the US bond market, relevant overseas bond markets are also closed. The opposite is true on several occasions with Indige...
Fri, Oct 7 2022, 7:30 PM
The resilience of the economy is a matter of debate with different cases to be made depending on the data. But when it comes to the Fed's favorite rep...
Thu, Oct 6 2022, 3:15 PM
Mortgage rates were refreshingly lower at the beginning of the week with most lenders continuing to improve through Tuesday afternoon. Much has chang...
Wed, Oct 5 2022, 4:19 PM
The mortgage rate world has been on a wild ride in general, and even more so in the past few weeks. The crux of the drama was a British fiscal policy...
Tue, Oct 4 2022, 4:53 PM
We're measuring our mortgage rate spikes in terms of years and decades at the moment. Progress in the other direction has been elusive--especially si...
Mon, Oct 3 2022, 2:54 PM
Mortgage rates remain elevated in the context of the past decade and 2022 in general, but they continue making progress after hitting long-term highs ...
Fri, Sep 30 2022, 8:48 PM
Thu, Sep 29 2022, 5:31 PM
"The following information is deemed reliable only through September 29th, 2022. After that, rates could be as much as .25-.50% higher or lower. " E...
Wed, Sep 28 2022, 5:33 PM
If you're just getting caught up, mortgage rates broke above 7% yesterday for the first time since 2002. Read our coverage to learn more about why ra...
Tue, Sep 27 2022, 1:49 PM
It's no mystery that mortgage rates have been moving relentlessly higher in 2022. But how high is high? That will depend on a number of factors, incl...
Mon, Sep 26 2022, 4:52 PM
The most recent historical high water market for mortgage rates was "14 years." It was broken so many times in September that we officially declared ...
Thu, Sep 22 2022, 7:39 PM
At the close of business yesterday, there was hope. Well, to be fair, there's still hope, but it's much less immediate, and it certainly isn't the fi...
Wed, Sep 21 2022, 6:15 PM
The Fed hiked rates today by 0.75%, and mortgage rates moved lower. If you don't understand how those two things can happen on the same day, read thi...
Wed, Sep 21 2022, 9:59 AM
The following is a copy and paste from a previous piece that always bears repeating on Fed day. If you've seen it before, there's nothing new here. ...
Tue, Sep 20 2022, 4:02 PM
Since last week's inflation data, mortgage rates have pushed up to new 14 year highs every single day--not even "almost" every day, but every last one...
Mon, Sep 19 2022, 5:29 PM
Mortgage rates had another moderately bad day to start the new week. The unfortunate thing about moderately bad days that occur when rates were alrea...
Fri, Sep 16 2022, 5:07 PM
By this time next week, we will have heard from the Fed as they announce the next rate hike on September 21st. It will be big too. Just how big is a...
Thu, Sep 15 2022, 4:49 PM
The internet, TV, and even public radio stations were buzzing all day with groundbreaking news on mortgage rates. Apparently, for the first time in 1...
Wed, Sep 14 2022, 5:25 PM
The mortgage market is no stranger to excitement in 2022. Unfortunately, it hasn't been the good kind of excitement. That's especially true of the p...
Tue, Sep 13 2022, 3:29 PM
Mortgage rates were already in the vicinity of the highest levels in 14 years. With large day-to-day swings being extremely common these days, we wer...
Mon, Sep 12 2022, 4:27 PM
Mortgage rates moved slightly higher today, but only after moving slightly lower earlier this morning. "Higher" and "lower" are more informative if...
Fri, Sep 9 2022, 8:12 PM
It's certainly already been an interesting year for financial markets--especially for housing and interest rates. But most of what's happened over the...
Thu, Sep 8 2022, 5:15 PM
It was an interesting day for mortgage rates due to the timing of movement in the underlying bond market. Bond prices/yields are the primary ingredie...
Wed, Sep 7 2022, 5:32 PM
Mortgage rates spiked quickly to open the holiday-shortened week with the average 30yr fixed rate coming very close to the 14-year high seen on June 1...
Tue, Sep 6 2022, 4:57 PM
As we discussed last week, there is unprecedented volatility in mortgage rates at the moment. It's not that we're seeing record setting swings from d...
Fri, Sep 2 2022, 5:16 PM
It's a tremendously important and volatile time for the market and especially for interest rates. The biggest inflation surge in decades pushed rates...
Thu, Sep 1 2022, 3:12 PM
As recently as late July, it wasn't outside the realm of possibility to see certain lenders quoting conventional 30yr fixed mortgage rates in the high...
Wed, Aug 31 2022, 4:44 PM
The last day of August was also the worst day for rates in August. In fact, it was the worse than any of July as well and not too terribly far from t...
Tue, Aug 30 2022, 5:08 PM
Mortgage rates are driven by the bond market, and bond traders have a lot on their minds these days. After trading rates up to the highest levels in ...
Mon, Aug 29 2022, 4:22 PM
Mortgage rates managed to breathe a decent sigh of relief last Friday as the bond market remained fairly calm despite stock market weakness following ...
Fri, Aug 26 2022, 4:34 PM
While it was never likely to contain too many surprises, this week's much-anticipated Jackson Hole speech from Fed Chair Powell served as an important...
Thu, Aug 25 2022, 4:08 PM
Tomorrow morning brings a much anticipated appearance from Fed Chair Powell at the annual Jackson Hole Symposium. As is often the case leading up to ...
Wed, Aug 24 2022, 5:11 PM
Right off the bat, it's worth mentioning that many mortgage quotes are already over 6% for a variety of reasons. But when it comes to the "going rate...
Tue, Aug 23 2022, 3:32 PM
Today's mortgage rates are roughly in line with yesterday's for the average lender. Some are in better shape while others are slightly worse off depe...
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