Today, 3:50 PM
Financial markets experienced relatively extreme volatility on several occasions following the April 2nd tariff announcements. The bonds that underlie...
Mon, Apr 14 2025, 3:18 PM
Last Friday was notable in that it was the first day since February 19th where the average top tier 30yr fixed mortgage rate ended the day over 7%. La...
Fri, Apr 11 2025, 4:16 PM
It has undoubtedly been an extremely volatile week for financial markets and that includes the U.S. bond market to be sure. As an example, the poster...
Thu, Apr 10 2025, 3:50 PM
This article is not intended to report on the weekly Freddie Mac rate survey, but we'll have to reference it in order to participate in reality. To be...
Wed, Apr 9 2025, 4:29 PM
For anyone remotely tuned into financial news, it will come as no surprise that this has been a crazy week and today has been a crazy day. This is ju...
Tue, Apr 8 2025, 4:43 PM
While no one can be sure exactly how things will pan out in the long run, the market is currently expressing extreme disapproval of the new tariff pla...
Mon, Apr 7 2025, 5:00 PM
Tariff volatility giveth and taketh from interest rates. Up until Friday afternoon, it's been mostly "giveth-ing." In other words, the prospect of t...
Fri, Apr 4 2025, 4:29 PM
This week is ending with the average top tier 30yr fixed mortgage rate at its lowest level since early October, 2024. The only way to be disappointed ...
Thu, Apr 3 2025, 3:42 PM
Yesterday afternoon's tariff announcement sent financial markets on a ride that ultimately resulted in sharply lower stock prices and moderately lower...
Wed, Apr 2 2025, 5:08 PM
Mortgage rates didn't move much today, which is pretty crazy considering the volatility present in financial markets in the afternoon. That's when th...
Tue, Apr 1 2025, 3:29 PM
While interest rates continue operating in a range that is generally flat and narrow over the past 5 weeks, it's also true that today's rates are on t...
Mon, Mar 31 2025, 3:30 PM
"Sideways" has been the dominant theme for mortgage rates for well over a month now. The average top tier 30yr fixed rate fell below 6.82% on February...
Fri, Mar 28 2025, 5:34 PM
First thing's first before anyone gets too excited: yes, rates fell on Friday, but not significantly. The average lender is still a bit closer to the...
Thu, Mar 27 2025, 3:26 PM
With the exception of Monday, which saw a medium-sized uptick in mortgage rates, the rest of the week has been fairly calm in terms of volatility. Unf...
Wed, Mar 26 2025, 4:58 PM
It depends what one's definition of "recent" is, but if it involves the past few weeks, mortgage rates were at their highest recent levels both yester...
Tue, Mar 25 2025, 4:02 PM
One of the key principles of mortgage rate movement has to do with the frequency of mortgage rate changes. Specifically, mortgage lenders prefer to u...
Mon, Mar 24 2025, 3:41 PM
The average mortgage lender raised rates modestly on Monday morning--a logical move considering the weakness in the bond market over the weekend. Rat...
Fri, Mar 21 2025, 2:44 PM
In terms of the market movement that underlies and dictates mortgage rate movement, today looked a lot like yesterday. Things started strong and fade...
Thu, Mar 20 2025, 4:32 PM
It was actually a rather uneventful day for the bond market. That means it should have been an uneventful day for mortgage rates (because they're driv...
Wed, Mar 19 2025, 3:52 PM
Heading into today, we knew the afternoon's Fed announcement was biggest potential flashpoint for interest rate movement, and that the movement probab...
Tue, Mar 18 2025, 3:07 PM
As we often discuss, mortgage lenders prefer to set their rates once per day. They only make changes when the underlying bond market makes a big enoug...
Mon, Mar 17 2025, 3:50 PM
Mortgage rates are based on movement in the bond market, and the bond market is closed for most of the weekend. As such, one might assume that Monday...
Fri, Mar 14 2025, 3:38 PM
Despite some ups and downs on a small scale, mortgage rates have been sideways in the bigger picture. That's a good thing if the latest refi applicat...
Thu, Mar 13 2025, 3:38 PM
Mortgage rates hit their highest levels in just over 2 weeks yesterday and they were on track to remain unchanged today. In fact, the average lender o...
Wed, Mar 12 2025, 3:18 PM
Mortgage rates have moved up over the past 2 days, ultimately hitting the highest levels since February 24th today. While that sounds somewhat unplea...
Tue, Mar 11 2025, 3:15 PM
With fiscal and geopolitical developments dominating the news cycle, it would be easy to forget that interest rates prefer to take their primary cues ...
Mon, Mar 10 2025, 3:02 PM
Conventional 30yr fixed mortgage rates hit their lowest levels in months last Tuesday morning, with the average lender right in line with levels from ...
Fri, Mar 7 2025, 2:47 PM
The average mortgage lender was briefly able to offer noticeably lower rates this morning compared to yesterday's latest levels. Credit goes to this m...
Thu, Mar 6 2025, 3:18 PM
You may see conflicting news about mortgage rates today, depending on where you look. Weekly surveys, such as Freddie Mac's, are showing a fairly big ...
Wed, Mar 5 2025, 3:12 PM
It's been a great couple of weeks for mortgage rates, largely mirroring the terrible couple of weeks for the stock market. A combination of downbeat e...
Tue, Mar 4 2025, 3:31 PM
Although mortgage rates are based on bonds, and although bonds are constantly on the move throughout the day, mortgage lenders prefer to set the day's...
Mon, Mar 3 2025, 3:31 PM
Mortgage rates faced a very small threat of a very small increase this morning. The underlying bond market was in weaker territory to start the day an...
Fri, Feb 28 2025, 3:40 PM
After more than a week of consistent and meaningful improvement, mortgage rates finally showed us that they were at least capable of moving in the oth...
Thu, Feb 27 2025, 3:24 PM
Stop the presses! Mortgage rates actually moved HIGHER today! While it's the first time we've been able to say such things since last Tuesday, the dam...
Wed, Feb 26 2025, 3:41 PM
Mortgage rates are directly connected to the bond market, and bonds can seemingly do no wrong over the past week. Specifically, demand for bonds has ...
Tue, Feb 25 2025, 4:01 PM
Over the past 4 business days, the average top tier mortgage rate has fallen by 0.22%. While that may seem like a small number, consider that mortgage...
Mon, Feb 24 2025, 4:32 PM
Mortgage rates were already in line with the lowest levels since December 18th by last Thursday. They dropped to the best levels since December 12th a...
Fri, Feb 21 2025, 3:22 PM
Back on December 18th, rates began the day fairly close to where they ended the previous day. In the afternoon, rates surged sharply higher following ...
Thu, Feb 20 2025, 4:00 PM
It was a fairly decent day for mortgage rates with the average lender returning to the lowest levels in just over 2 months. The improvement followed e...
Wed, Feb 19 2025, 3:42 PM
It was almost a mildly interesting day as rates started out slightly higher. To be fair, even that would not have been too interesting because the mo...
Tue, Feb 18 2025, 4:24 PM
Mortgage lenders were unable to update their rates yesterday as the bond market was closed for the Presidents Day holiday. Three day weekends can occ...
Fri, Feb 14 2025, 3:20 PM
The final two days of the present week weren't on many bingo cards as of Wednesday afternoon. At the time, rates were jumping higher in response to i...
Thu, Feb 13 2025, 3:21 PM
Mortgage rates jumped quickly higher yesterday following the higher inflation reading in the Consumer Price Index (CPI). Now today, rates have complet...
Wed, Feb 12 2025, 3:36 PM
Today's mortgage rate movement is very straightforward. Unfortunately, it's also marked by a straight line toward higher levels--in this case, the hi...
Tue, Feb 11 2025, 3:14 PM
Any recap of financial news headlines will likely mention Fed Chair Powell's congressional testimony today. Some efforts could even be made to link t...
Mon, Feb 10 2025, 3:24 PM
Mortgage rates have been on a vacation from volatility since January 16th when they fell back toward 7% after hitting the highest levels since May 202...
Fri, Feb 7 2025, 12:55 PM
Friday brought the release of the big jobs report which is historically more likely than any other monthly economic report to cause the biggest pops o...
Thu, Feb 6 2025, 3:20 PM
Yesterday was notable for being the first day in more than a week to offer any excitement for rates. More notably, that excitement was the good kind....
Wed, Feb 5 2025, 2:55 PM
The recent absence of volatility in day-to-day mortgage rate movement has been an easy target for light-hearted indignation among market watchers. Bu...
Tue, Feb 4 2025, 4:26 PM
If you like your mortgage rate movement boring and minimal, this week's for you (and last week, and the week before that). Going all the way back to ...
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