Wed, Oct 6 2021, 4:31 PM
Mortgage rates managed to hold mostly steady on Wednesday despite several headwinds that threatened to push them higher. The first headwind falls into...
Tue, Oct 5 2021, 4:35 PM
Mortgage rates managed to begin the week by holding relatively steady, but that changed rather noticeably today. The bond market (which dictates day t...
Mon, Oct 4 2021, 4:03 PM
Mortgage rates are unchanged to a hair lower compared to last Friday, depending on the lender. While that's welcome news given some of the big jumps i...
Wed, Sep 29 2021, 4:20 PM
After spending the past four business days moving rapidly higher, mortgage rates finally caught a break today, but it was small. In fact, the average ...
Tue, Sep 28 2021, 3:53 PM
The headline requires a bit of context. The target audience would be those of us who keep tabs on every little move in mortgage rates . If you identif...
Mon, Sep 27 2021, 3:18 PM
Mortgage rates continued somewhat higher on Monday as bond markets lost ground over the weekend, adding to the heavier losses seen on Thursday and Fri...
Thu, Sep 23 2021, 3:28 PM
Mortgage rates jumped substantially higher today as global markets reacted to yesterday's Fed announcement. But that's really just scratching the surf...
Wed, Sep 22 2021, 5:31 PM
Mortgage rates were surprisingly steady today as the bond market reacted to a new policy announcement from the Fed. Perhaps "reacted" is the wrong wor...
Tue, Sep 21 2021, 2:24 PM
By the end of last week, mortgage rates moved up to match their highest levels in 2 months. After a modest recovery yesterday, today's rates are littl...
Thu, Sep 16 2021, 4:20 PM
Mortgage rates moved higher again today, bringing the average lender to the worst levels since last Thursday. There are a few exceptions to that due t...
Wed, Sep 15 2021, 4:28 PM
Mortgage rates began the day with promise. Actually, it was the underlying bond market (which largely dictates mortgage rates) was sending promising s...
Tue, Sep 14 2021, 3:17 PM
Mortgage rates started the day modestly lower , but many lenders ended up offering mid-day improvements in response to market conditions. When it come...
Mon, Sep 13 2021, 3:44 PM
Mortgage rates were fairly flat to start the new week. This leaves the average lender in the high 2% range for top tier conventional 30yr fixed scenar...
Fri, Sep 10 2021, 7:51 PM
Rates are dictated by the bond market and bonds are flashing a warning sign about volatility on the horizon. In other words, rates look like they're r...
Thu, Sep 9 2021, 3:59 PM
Mortgage rates moved lower again today, with many lenders making it back to the levels seen after last Friday's jobs report. In week-over-week terms, ...
Wed, Sep 8 2021, 4:02 PM
Mortgage rates moved lower today after starting the week by jumping noticeably higher yesterday. Today's gains came courtesy of global growth concerns...
Tue, Sep 7 2021, 2:43 PM
Mortgage rates moved slightly highe r to begin the holiday-shortened week. With Labor day being a bank holiday, mortgage lenders were closed yesterday...
Thu, Sep 2 2021, 2:51 PM
Mortgage rates are based primarily on bonds. Bonds take cues from economic data (among other things). And tomorrow's big jobs report is the most consi...
Wed, Sep 1 2021, 5:07 PM
Much like yesterday, mortgage rates were unchanged to slightly higher , depending on the lender. And once again, the differences in pricing strategies...
Tue, Aug 31 2021, 4:56 PM
Mortgage rates were unchanged to slightly higher today, depending on the lender. The differences in pricing strategies stem from the timing of changes...
Mon, Aug 30 2021, 4:27 PM
Mortgage rates drifted lower again today, with the average lender getting back down to the lowest levels since the first week of August. In a general ...
Thu, Aug 26 2021, 2:36 PM
Mortgage rates stabilized today after moving higher at a moderately quick pace over the past 2 days. To be sure, today's rates are definitely higher t...
Tue, Aug 24 2021, 2:36 PM
After a sharp increase to start the year and significant improvements between April and mid July, mortgage rates have been fairly flat for more than a...
Mon, Aug 23 2021, 4:49 PM
Mortgage rates are only adjusted once per day by default. From there, the underlying bond market would need to improve or deteriorate by a certain amo...
Fri, Aug 20 2021, 5:35 PM
Rates are on hold until the next chapter is written in the complex saga of covid versus the market. This isn't to say rates perfectly flat--simply tha...
Thu, Aug 19 2021, 3:25 PM
Mortgage rates were slightly lower today as the bond market improved for the 2nd straight day. When bonds prices move higher, bond yields (or rates) m...
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, ...
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