Wed, Aug 18 2021, 3:58 PM
Mortgage rates haven't been skyrocketing, by any means, but they have been moving up in fits and starts over the past 2 weeks. Today was just another ...
Tue, Aug 17 2021, 3:19 PM
Mortgage rates experienced an uptick in volatility last week as the broader bond market was hit with a big dose of new supply. In other words, between...
Wed, Aug 11 2021, 6:51 PM
By now, it's no mystery that mortgage rates are significantly higher than they were last week. The bigger mystery had to do with what comes next. In s...
Tue, Aug 10 2021, 2:24 PM
After hitting 6-month lows early last week, mortgage rates bounced and have been moving higher ever since. The increases were moderate at first, but t...
Thu, Aug 5 2021, 3:11 PM
Mortgage rates moved up from 6-month lows yesterday and that trend continued today. This time around, we didn't have any obvious culprits on the econo...
Wed, Aug 4 2021, 4:20 PM
Mortgage rates hit their best levels in 6 months yesterday, but moved higher today following a strong report on the services sector. The economy is on...
Tue, Aug 3 2021, 2:48 PM
Mortgage rates moved slightly lower again today--extending a steady string of improvements that began after last week's Fed announcement. The average ...
Thu, Jul 29 2021, 2:50 PM
"Taper talk" refers to comments, speeches, or official policy communications from the Federal Reserve (aka "the Fed") that speak to the timing and nat...
Tue, Jul 27 2021, 4:04 PM
Wednesday afternoon brings one of the year's 8 regularly scheduled policy updates from the Federal Reserve (aka, the Fed). While there's no question t...
Tue, Jul 20 2021, 3:30 PM
There are two pieces of big news for mortgage rates over the past few business days. The first arrived last week in the form of the removal of the adv...
Thu, Jul 15 2021, 2:45 PM
Mortgage rates fell again today as the bond market continues to enjoy surprisingly strong levels over the past 2 weeks. That strength was not always a...
Wed, Jul 14 2021, 3:02 PM
Mortgage rates moved higher yesterday after a poorly-received 30yr bond auction ( read more... ). The bond market began to heal in the overnight tradi...
Tue, Jul 13 2021, 4:08 PM
Mortgage rates are coming off a solid performance last week after having moved to the lowest levels in 5 months by Thursday afternoon. This week is sh...
Fri, Jul 9 2021, 1:37 PM
Even though rates rebounded to slightly higher levels on Friday, the week generally brought pleasant surprises as the mortgage market returned to leve...
Thu, Jul 8 2021, 2:58 PM
With yesterday's mortgage rates already near longer-term lows, all it took was a modest improvement for today's rates to officially hit their best lev...
Wed, Jul 7 2021, 3:04 PM
Mortgage rates have fallen fairly consistently over the past 2.5 weeks with the past 2 days seeing some of the better improvements. There haven't been...
Thu, Jul 1 2021, 4:24 PM
Mortgage rates have had several good weeks now after being dealt a blow by the Fed announcement on June 16th. Said "blow" is relative , to say the lea...
Wed, Jun 30 2021, 4:29 PM
Mortgage rates fell again today--now officially below the lowest levels in the past 2 weeks. In order to accomplish that, rates had to fully erase the...
Tue, Jun 29 2021, 3:12 PM
Mortgage rates are primarily a function of trading levels in the bond market and bonds have enjoyed (or suffered) an interesting mix of volatility and...
Mon, Jun 21 2021, 4:29 PM
10yr yields may have hit their lowest levels in months in the wee hours of the morning and people may always perceive a bit too much correlation betwe...
Thu, Jun 17 2021, 4:23 PM
It's Thursday on a volatile week for the bond market and thus time, once again, to play our favorite game: "no, rates didn't really do that." Sometime...
Wed, Jun 16 2021, 4:42 PM
Mortgage rates were already drifting higher in the first half of the week, but that was nothing compared to today. This afternoon's Fed Announcement w...
Tue, Jun 15 2021, 4:15 PM
Mortgage rates had a great week last week, ultimately getting very close to the lowest levels since March. One of the main sources of motivation was t...
Fri, Jun 11 2021, 6:21 PM
No, this isn't one of those click-bait headlines that promise to share "one weird trick" or proclaim "you'll never believe what happened next." Well, ...
Wed, Jun 9 2021, 2:40 PM
The bond market is the main ingredient that lenders use to determine lending rates. The mortgage market is no exception . In fact, mortgages have spec...
Tue, Jun 8 2021, 3:54 PM
Mortgage rates haven't been in the habit of making epic swings recently. That's not a bad thing considering they continue to operate in very low terri...
Wed, Jun 2 2021, 4:14 PM
In week-over-week terms, mortgage rates are modestly higher this afternoon compared to last Wednesday. In the slightly bigger picture, however, rates ...
Tue, May 25 2021, 4:41 PM
As of last Wednesday, mortgage rates were right in line with 1-month highs . They've drifted nicely lower since then and are now at their best levels ...
Thu, May 20 2021, 4:16 PM
Mortgage rates moved slightly lower today depending on the lender. Those who raised rates yesterday afternoon (most of them) were able to offer slight...
Wed, May 19 2021, 3:51 PM
Mortgage rates began the day in line with yesterday's levels, for the most part. Things changed in the afternoon. Bonds began to deteriorate modestly ...
Tue, May 18 2021, 3:27 PM
Mortgage rates were at their lowest levels in several months by the beginning of last week. They spent the next several days moving higher (especially...
Thu, May 13 2021, 4:35 PM
It's Thursday and, thus, time once again to check in with the slew or mortgage rate headlines that typically follow the release of Freddie Mac's weekl...
Wed, May 12 2021, 4:35 PM
After bottoming out at 2 month lows late last week, mortgage rates have been heading higher. At first, the move was relatively gradual, but the pace i...
Tue, May 11 2021, 3:47 PM
Mortgage rates had enjoyed a solid little run for almost all of April and again in the first week of May. By last Thursday, they were at their lowest ...
Thu, May 6 2021, 4:06 PM
Mortgage rates moved lower today, bringing the average lender to the best levels since late February. Despite the milestone, the day-over-day movement...
Wed, May 5 2021, 3:42 PM
Mortgage rates were mixed today, depending on the lender. On average, rates were unchanged and remained very close to their lowest levels in nearly 2 ...
Tue, May 4 2021, 4:38 PM
Last week fired warning shots across the bow of April's mortgage rate rally. New month, new momentum? No, not just yet. In fact, we haven't seen much ...
Thu, Apr 29 2021, 4:19 PM
Mortgage rates were mixed today, depending on the lender. Virtually every lender began the day with slightly higher rates, but most offered mid-day im...
Wed, Apr 28 2021, 4:40 PM
The Federal Reserve released a new policy announcement today. This is one of the 8 times per year where the Fed can opt to change "rates," or adjust i...
Tue, Apr 27 2021, 4:25 PM
Mortgage rates have fallen almost every single day in April. By the end of last week, that meant the average lender was offering the lowest convention...
Thu, Apr 22 2021, 5:06 PM
Mortgage rates fell to the lowest levels since March 2nd or 3rd (depending on the lender) yesterday and today they fell just a bit more. Most borrower...
Wed, Apr 21 2021, 3:39 PM
Last Thursday was the best day for mortgage rates in more than a month, and while they bounced back up on Thursday afternoon, they've been falling mod...
Tue, Apr 20 2021, 4:23 PM
Mortgage rates hit their lowest levels in more than a month last Thursday, but reversed course later that afternoon. With that, it looked like rates w...
Thu, Apr 15 2021, 4:50 PM
It's no secret that mortgage rates had a rough month in March and a rough year in general. The average lender raised 30yr fixed rates by roughly half ...
Tue, Apr 13 2021, 4:04 PM
Slow and steady wins the race, and mortgage rates have been making slow, steady progress back down from recent long-term highs seen at the end of Marc...
Thu, Apr 8 2021, 4:02 PM
Mortgage Rates had another decent day on Thursday with the average lender offering modestly better terms compared to yesterday. Improvements continue ...
Wed, Apr 7 2021, 4:33 PM
Mortgage Rates have been doing pretty well so far in April. They bounced at long-term highs on March 31st (matching the highs from 2 weeks prior), but...
Tue, Apr 6 2021, 4:25 PM
Things have been bad for mortgage rates in 2021. That assertion has nothing to do with the outright level of mortgage rates--indeed, that's still very...
Thu, Apr 1 2021, 4:12 PM
Mortgage rates have been trying to find a ceiling in the past 3 weeks after rising at the quickest pace in years. That search seemed to be going well ...
Wed, Mar 31 2021, 4:39 PM
Mortgage rates moved moderately higher today after failing to capitalize on a hopeful move in bond markets yesterday. Bonds--particularly mortgage-bac...
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