Fri, May 8 2020, 6:59 PM
Mortgage rates ended the week on a low note (in a good way), falling in line with their best recent levels. This put some lenders in line with April 3...
Wed, May 6 2020, 5:20 PM
Mortgage rates moved slightly higher this week, but not enough to worry about too terribly much. Most lenders are still in the mid-to-low 3% range and...
Mon, May 4 2020, 5:04 PM
Mortgage rates moved off their recent lows to start the new week, but only slightly. That keeps the average lender very close to the lowest rates in r...
Thu, Apr 30 2020, 5:42 PM
Mortgage rates moved down again today, bringing the average lender to their best levels since the 2nd week of March. Some lenders are quoting their lo...
Tue, Apr 28 2020, 6:24 PM
Mortgage rates moved down nicely last week and have either maintained or improved upon those levels this week. The catch is that the good times aren't...
Thu, Apr 23 2020, 6:23 PM
Let's get caveats out of the way upfront. No conversation about mortgage rates would be complete without a reminder that some lenders are very far rem...
Mon, Apr 20 2020, 5:56 PM
While the industry has come to terms with recent challenges in terms of day-to-day volatility, mortgage rates remain higher than they otherwise would ...
Fri, Apr 17 2020, 6:22 PM
Mortgage rates continue showing a willingness to play by at least a few of the same rules that typically apply. Most of the rules went out the window ...
Wed, Apr 15 2020, 5:16 PM
Mortgage rates had a reasonably calm and logical day--not something we've been able to say very often recently. It was calm in the sense that today's ...
Tue, Apr 14 2020, 4:54 PM
Mortgage rates were moderately to significantly higher today depending on the lender, the program, and on one's own definition of words like "moderate...
Mon, Apr 13 2020, 5:06 PM
Mortgage rates have been volatile and unpredictable to say the least. Some of this has to do with overall market volatility surrounding the market's r...
Fri, Apr 10 2020, 2:18 PM
Just as the mortgage industry was coming to terms with unprecedented market volatility due to coronavirus, the details of the CARES Act (the coronavir...
Mon, Apr 6 2020, 4:55 PM
The most important ingredient in the mortgage market is the presence of homeowners--prospective or otherwise--with the means and desire to make monthl...
Tue, Mar 31 2020, 5:30 PM
There are too many counter-intuitive and frustrating developments in the mortgage market to comprehend all at one time, let alone discuss. That's not ...
Wed, Mar 25 2020, 6:42 PM
Depending on what you're looking at, when you look, and where you look, mortgage rates could either be amazing or terrible. Large, upstanding, secure,...
Tue, Mar 24 2020, 6:36 PM
There is a LOT of misinformation flying around out there about the mortgage market, the Fed, and the various impacts on rates from the government's co...
Thu, Mar 19 2020, 5:42 PM
Today was the most volatile day in the history of the mortgage market in many regards. There were days in the early 80's that saw rates move by simila...
Mon, Mar 16 2020, 5:40 PM
Lots of words recently and lots to do for all of us, so let's make this simple. No, you can't get a that new 0% mortgage rate you heard about! It does...
Sun, Mar 15 2020, 5:45 PM
There are a lot of words here. If you have a mortgage you might ever refinance (and especially if you think Sunday's emergency Fed news means you can ...
Thu, Mar 12 2020, 9:16 PM
In all my years of following mortgage rates I haven't seen anything quite like the current environment. 2008 came fairly close, but the vibe was decid...
Wed, Mar 11 2020, 4:46 PM
Mortgage rates continued a relentless surge higher today. The move began in earnest yesterday for two key reasons: bond market panic and mortgage mark...
Tue, Mar 10 2020, 5:47 PM
Mortgage rates have exploded higher over the past day and a half as the bond market sends threatening signals about a big picture bounce off the recen...
Mon, Mar 9 2020, 5:02 PM
Mortgage rates would kindly like to reserve the right not to make sense to you, or anyone else these days. They haven't been pulled in so many directi...
Fri, Mar 6 2020, 7:28 PM
Mortgage rates remain at or near all time lows , but they haven't moved much since hitting them earlier this week--at least on average. In fact, the a...
Wed, Mar 4 2020, 5:21 PM
Mortgage rates have progressively hit newer and lower all time lows every day this week, but there's one massive catch. Rates and fees have been extra...
Tue, Mar 3 2020, 5:03 PM
This is mostly a reprint of a piece I wrote earlier today for the MBS Commentary channel. If you read that one, you've basically already seen what fol...
Mon, Mar 2 2020, 9:24 AM
Mortgage rates officially hit all-time lows this morning. Even so, it continues to be the case that Treasury yields (often referred to as the basis fo...
Thu, Feb 27 2020, 5:26 PM
Mortgage rates hit the lowest levels in 8 years either today or yesterday, depending on the lender, just narrowly edging out the rates seen in early J...
Tue, Feb 25 2020, 4:56 PM
Mortgage rates have been putting on a rather frustrating and exciting show in the month of February. On the one hand, they're at their lowest levels s...
Mon, Feb 24 2020, 7:18 PM
Mortgage rates continue to carve out the unlikeliest of victories in 2020 with significant help from coronavirus. The epidemic has taken a year that w...
Fri, Feb 21 2020, 3:52 PM
Yesterday's mortgage rate commentary noted a fresh move down to the lowest levels in more than 3.5 years . With just a bit more improvement, the same ...
Thu, Feb 20 2020, 3:52 PM
Mortgage rates haven't been this low for this long in years--3.5 years to be exact. Brexit was the talk of the town in the middle of 2016 and it resul...
Tue, Feb 18 2020, 3:01 PM
Mortgage rates are starting the new week off on a stronger note after concerns over coronavirus impacts moved markets over the weekend. While coronavi...
Fri, Feb 14 2020, 4:02 PM
Mortgage rates have primarily been at the whim of the general tone of coronavirus news for the past few weeks. That meant a swift move to multi-year l...
Wed, Feb 12 2020, 3:43 PM
Mortgage rates have spent just over a week moving back up from the lowest levels in more than three and a half years. Those long-term lows came courte...
Tue, Feb 11 2020, 3:51 PM
Mortgage rates were very slightly higher today after being modestly lower over the weekend, but in general, remain very close to the lowest levels in ...
Fri, Feb 7 2020, 3:56 PM
Mortgage rates completely defied the odds. They even defied convention. Specifically, they managed to move appreciably lower even though today's big j...
Thu, Feb 6 2020, 4:00 PM
Mortgage rates managed to hold steady , for the most part, today. Some lenders were offering slightly better or worse terms compared to yesterday, but...
Wed, Feb 5 2020, 5:28 PM
Mortgage rates moved higher again today as investors reacted to updates about the coronavirus outbreak. This has been the dominant motivation for the ...
Tue, Feb 4 2020, 6:03 PM
Mortgage rates have been on a tear recently. The average lender has either held rates steady or improved them every single day since January 16th. Som...
Mon, Feb 3 2020, 5:39 PM
In the world of interest rates, it's good to be a mortgage today . The dominant species on that world is US Treasuries: the quintessential dollar-base...
Fri, Jan 31 2020, 5:38 PM
Mortgage rates inched even lower today as the market resumed efforts to react to and account for risks surrounding the coronavirus outbreak. Weaker ec...
Thu, Jan 30 2020, 3:11 PM
Mortgage rates improved again today as the market continued to react to updates on the coronavirus outbreak. For top tier scenarios, the average lende...
Wed, Jan 29 2020, 4:37 PM
Mortgage rates regained their footing today, moving back to long-term lows after pausing to move slightly higher yesterday. The definition of "long-te...
Tue, Jan 28 2020, 4:28 PM
Mortgage rates were steady to slightly higher today, leaving the average lender just a hair above the lowest rates in months, and still very close to ...
Mon, Jan 27 2020, 5:05 PM
Mortgage rates continued lower to start the week as Wuhan Virus continues to be diagnosed at an exponential rate. As we discussed last week, interest ...
Fri, Jan 24 2020, 5:25 PM
Mortgage rates moved meaningfully lower over the past 2 days as panic over the coronavirus outbreak continues affecting financial markets. If this epi...
Wed, Jan 22 2020, 4:22 PM
Mortgage rates remained in line with 3-month lows today for the average lender. Several lenders offered marginally better terms compared to yesterday,...
Tue, Jan 21 2020, 5:08 PM
Mortgage rates dropped to begin the holiday-shortened week as markets expressed a bit of panic over the coronavirus outbreak in China. This is similar...
Fri, Jan 17 2020, 6:48 PM
Mortgage rates moved slightly higher over the past two days as strong economic data and corporate earnings coaxed investors into riskier assets like s...
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