Tue, Jul 28 2020, 5:05 PM
Mortgage rates did something over the past 3 days that they haven't done since early June . They moved sideways to slightly higher ! At the same time,...
Mon, Jul 27 2020, 4:58 PM
Mortgage rates have been falling so much and with such regularity in 2020 that there's scarcely been a reason (or even an opportunity) to talk about a...
Fri, Jul 24 2020, 4:16 PM
The bond market saw yet another week with rates in a holding pattern at historic lows. With coronavirus being the primary motivation for rates, it wou...
Thu, Jul 23 2020, 5:01 PM
Mortgage rates improved almost imperceptibly this morning compared to yesterday afternoon. With that, the average lender was just a hair below the pre...
Tue, Jul 21 2020, 4:25 PM
Mortgage rates have been holding a very narrow range since July 9th. They also hit new all-time lows on July 9th. A few of the days since then have be...
Fri, Jul 17 2020, 4:46 PM
Markets continue to focus on coronavirus numbers first and foremost. When the news is good , we tend to see stocks and rates move higher. When the new...
Thu, Jul 16 2020, 3:59 PM
Mortgage rates moved lower this morning as lenders got caught up with recent improvement in the bond market. The bond market is the primary considerat...
Tue, Jul 14 2020, 4:56 PM
Mortgage rates recovered to some extent today, after moving slightly higher on Friday and yesterday. The bond market (which underlies rate movement) w...
Fri, Jul 10 2020, 4:46 PM
It should no longer come as a surprise that the pandemic continues to create never-before-seen circumstances in all corners of society. Here in the ho...
Thu, Jul 9 2020, 4:25 PM
There are two kinds of headlines about mortgage rates today: those that rely on the weekly survey-based data published each Thursday by Freddie Mac, a...
Wed, Jul 8 2020, 4:08 PM
Mortgage rates were unchanged today for the average lender. That means they remain at all-time lows that are even lower than the all-time lows seen du...
Tue, Jul 7 2020, 4:27 PM
Mortgage rates were already at all-time lows yesterday, and had been holding at those levels for at least 3 business days for the average lender. I no...
Mon, Jul 6 2020, 3:58 PM
Mortgage rates barely budged for the third straight day, which is welcome news considering they are at all-time lows. The stability comes in spite of ...
Thu, Jul 2 2020, 3:26 PM
This week's economic data included the biggest-ever gain in Pending Home Sales, a leading indicator for the housing market. Meanwhile, mortgage rates ...
Wed, Jul 1 2020, 4:48 PM
Mortgage rates were generally unchanged today, thus leaving the average lender at all-time lows for conventional 30yr fixed scenarios. It continues to...
Tue, Jun 30 2020, 3:36 PM
Mortgage rates managed another slight improvement today, which means the average lender is offering new all-time low rates for the 4th time this month...
Mon, Jun 29 2020, 3:52 PM
Mortgage rates were unchanged to slightly lower today, bringing the average lender right in line with all-time lows . Averages aside, several lenders ...
Fri, Jun 26 2020, 4:44 PM
The fates of the economy, the housing market, and interest rates remain closely intertwined with coronavirus. The pandemic is clearly responsible for ...
Thu, Jun 25 2020, 4:13 PM
Mortgage rates moved modestly lower today, bringing the average lender very close to all-time lows . The caveat continues to be that day-to-day rate c...
Wed, Jun 24 2020, 3:26 PM
Mortgage rates moved modestly lower today, but face an uphill battle in general. They fell very quickly as coronavirus first hit financial markets. Th...
Tue, Jun 23 2020, 4:16 PM
It seems almost melodramatic to refer to any modest increase in mortgage rates these days. If we were to go over each lender's rate sheet with a fine ...
Mon, Jun 22 2020, 5:06 PM
Mortgage rates held their ground today, with the average lender in roughly the same shape as they were on Friday. Incidentally, that's great shape! Wh...
Fri, Jun 19 2020, 4:32 PM
Coronavirus hit markets with unprecedented force in March. Stock prices and bond yields sank. When the outlook grew less dire, markets began moving ba...
Thu, Jun 18 2020, 8:17 PM
Mortgage rates improved modestly today as investors remain cautious amidst rising coronavirus stats in several states. The experience of those states ...
Wed, Jun 17 2020, 5:06 PM
Mortgage rates joined many other sections of financial markets today in doing almost absolutely nothing . Both stocks and bonds were almost perfectly ...
Tue, Jun 16 2020, 4:21 PM
Mortgage rates moved higher for the 3rd straight business day. That said, last Friday is better described as being a "2nd consecutive day of all-time ...
Mon, Jun 15 2020, 5:27 PM
Mortgage rates were slightly higher today for the average lender. Additionally, some lenders bumped rates a bit in the middle of the day in response t...
Fri, Jun 12 2020, 4:54 PM
Mortgage rates plunged well into new all-time lows this week, which is a striking turn of events given the vastly different outlook at the end of last...
Thu, Jun 11 2020, 5:48 PM
Mortgage rates plunged well into new all-time lows today. This is a striking turn of events given the vastly different outlook at the end of last week...
Wed, Jun 10 2020, 5:07 PM
Mortgage rates dropped quickly today. This wasn't necessarily destined to be the case this morning, but after the Fed released its most recent policy ...
Tue, Jun 9 2020, 5:53 PM
Mortgage rates moved lower again today, with the average lender erasing a good amount of the weakness seen last week. That's good news considering rat...
Mon, Jun 8 2020, 5:02 PM
After moving higher at a fairly quick pace last by last Friday, mortgage rates are off to a better start this week. Rates remain noticeably higher ver...
Fri, Jun 5 2020, 12:25 PM
Things are quickly getting interesting for mortgage rates , and by 'interesting,' I mean potentially alarming. Everything's relative though, so it sho...
Thu, Jun 4 2020, 4:17 PM
Mortgage rates are directly tied to the bond market. This isn't too much of a surprise considering pretty much anything with an interest rate can be t...
Wed, Jun 3 2020, 3:52 PM
Mortgage rates were decisively higher today as the bond market lost ground due to surprisingly strong economic data. Mortgage rate movement is mainly ...
Tue, Jun 2 2020, 3:50 PM
Mortgage rates were mixed today with some lenders improving and others moving higher. This isn't so much a factor of anything that happened today as m...
Mon, Jun 1 2020, 4:43 PM
Mortgage rates pulled off a repeat performance of last Friday's intraday drama. The average lender began the day in higher territory as bond markets w...
Fri, May 29 2020, 5:50 PM
Mortgage rates staged a nice little comeback today, moving back toward the all-time lows seen late last week. Mortgage rates are determined primarily ...
Thu, May 28 2020, 4:38 PM
It's Thursday, and thus time once again for Freddie Mac's weekly mortgage rate survey. This is the longest-running and most widely-cited snapshot of m...
Wed, May 27 2020, 4:56 PM
Mortgage rates managed to stay sideways today after beginning the week with a move higher yesterday. This is a victory all things considered. Rates ta...
Tue, May 26 2020, 4:09 PM
Mortgage rates hit new all-time lows last week. In fact, for many lenders, records were broken on more than one day. That raised the risk of a bounce ...
Fri, May 22 2020, 3:31 PM
There's no shortage of bad news when it comes to the economy and the housing market. But that's no surprise considering the circumstances. The sheer s...
Thu, May 21 2020, 3:50 PM
Mortgage rates were mostly steady today for most lenders. Those who changed generally did so in a friendly direction. Either way, that means today's r...
Wed, May 20 2020, 5:53 PM
Mortgage rates fell again today. Whereas yesterday's improvements arrived in choppy fashion only after many lenders quoted higher rates in the morning...
Tue, May 19 2020, 4:50 PM
Mortgage rates were mixed this morning, depending on the lender. The more responsive lenders had already bumped rates higher yesterday in response to ...
Mon, May 18 2020, 4:44 PM
Mortgage rates hit all-time lows on Friday, based on the average rate for a top tier conventional 30yr fixed loan scenario. At that time, I raised the...
Fri, May 15 2020, 4:34 PM
As of yesterday, we knew mortgage rates were already in line with their lowest levels ever . It wouldn't have taken much to set the record today and i...
Thu, May 14 2020, 3:49 PM
Mortgage rates move lower again today. Combined with yesterday's drop, the improvement has been significant for top tier rate quotes in the lower rang...
Wed, May 13 2020, 4:02 PM
Mortgage rates improved today, on average, but things can vary quite a bit depending on the lender. Several lenders are back in line with their lowest...
Mon, May 11 2020, 7:12 PM
Mortgage rates began the day slightly lower compared to last Friday, but that didn't last long . Underlying bond markets were under pressure from the ...
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