Wed, Jun 7 2023, 4:03 PM
Mortgage rates continue to operate in a fairly narrow range but we've been mostly moving in one direction inside that range so far this month. Late l...
Tue, Jun 6 2023, 3:42 PM
By Friday, there's a distinct possibility that you'll be tired of hearing different versions of the same story. The plot: last Friday's jobs report p...
Mon, Jun 5 2023, 4:56 PM
Mortgage rates held fairly steady over the weekend. That wasn't necessarily destined to be the case as the underlying bond market suggested another m...
Fri, Jun 2 2023, 6:40 PM
After dominating the news cycle for weeks, the debt ceiling issue is suddenly resolved and the bond market doesn't seem to care. The jobs report prove...
Wed, May 31 2023, 4:43 PM
After hitting the highest levels in several months last Friday, mortgage rates have fallen fairly quickly in the new week. As bond markets improved t...
Tue, May 30 2023, 4:19 PM
The past 2 weeks were fairly rough for fans of low mortgage rates. The average lender moved higher at the fastest pace since February over that time....
Fri, May 26 2023, 3:45 PM
It was nearly impossible to avoid news regarding the debt ceiling this week, but how much does it actually matter? Let's make sure we're on the same ...
Thu, May 25 2023, 4:34 PM
It was bad news but big news a few days ago when the average top tier 30yr fixed rate made it back to 7% for the first time since early March. After ...
Wed, May 24 2023, 4:43 PM
Wednesday was a fairly volatile day for mortgage rates. The movement wasn't extreme, but there were a few lead changes. The day began with the avera...
Tue, May 23 2023, 4:58 PM
Today's headline is the most dramatic part of today's story on mortgage rates. The average top tier 30yr fixed rate has been mostly operating in a 6-...
Mon, May 22 2023, 4:36 PM
There are some broad rate surveys/indices that show 30yr fixed mortgage rates under 6.5% or close to it, but it's a bit of a mystery as to how such a ...
Fri, May 19 2023, 4:24 PM
The debt ceiling debate is all over the news, but it's a different ceiling is commanding more of the bond market's attention. Still, we wouldn't say ...
Thu, May 18 2023, 3:20 PM
It may not be a death by a thousand cuts, but mortgage rates are suffering a bit of blood loss from roughly 5 cuts. Specifically, the past 5 days hav...
Wed, May 17 2023, 3:36 PM
Mortgage rates have been moving higher since late last week, ultimately hitting the highest levels in just over 2 weeks yesterday, but that trend ende...
Tue, May 16 2023, 3:35 PM
Mortgage rates didn't change much today. The average lender was only a hair higher than yesterday afternoon. But that was enough for today's rates t...
Mon, May 15 2023, 4:14 PM
For those who only want to be woken up when mortgage rates make a big move down into the 5% range or back up and over 7%, you're free to go. The most...
Fri, May 12 2023, 7:33 PM
Scroll down far enough on the list of Webster's definitions of the word "consolidate," and you'll find "to form together into a compact mass." Financ...
Thu, May 11 2023, 4:59 PM
Mortgage rates inched lower again on Thursday as economic reports came out slightly weaker and bank sector concerns remain in the spotlight. Such thi...
Wed, May 10 2023, 5:02 PM
Today marked the release of the most recent monthly installment of the Consumer Price Index (CPI)--the most closely followed inflation report and one ...
Tue, May 9 2023, 4:27 PM
Mortgage rates rose at their fastest pace in decades in 2022 and if only one thing could take the blame, it would be inflation. There are several way...
Mon, May 8 2023, 3:31 PM
Mortgage rates moved noticeably higher to start the new week--high enough that you'd have to go back to last Monday to see anything higher. That's th...
Fri, May 5 2023, 4:39 PM
The first week of any given month tends to have the highest concentration of economic data with the power to influence the bond market, and thus inter...
Thu, May 4 2023, 4:52 PM
There's likely no getting around that fact that mortgage rates will be moving noticeably--possibly substantially--in the coming days. This is due to ...
Wed, May 3 2023, 4:27 PM
The implication of "Fed rate hikes" is a constant source of confusion in the housing market. The general belief is that the Fed controls rates and if...
Tue, May 2 2023, 4:23 PM
Mortgage rates began the week with a moderately big jump to what were essentially the highest levels in more than a month. Less than 24 hours later a...
Mon, May 1 2023, 4:42 PM
Whether we call it a bailout, a failure, or a fire sale, First Republic Bank was formally absorbed by JP Morgan Chase early this morning. Interest rat...
Fri, Apr 28 2023, 4:19 PM
Mortgage rates fell nicely to start the week but only after rising rather abruptly in the previous two weeks. That said, short term ups and downs are ...
Thu, Apr 27 2023, 4:12 PM
Interest rates are determined by the price/yield of bonds. Bonds can take cues from several places, but inflation always matters. Inflation had been...
Wed, Apr 26 2023, 3:48 PM
For mortgage rates and the broader bond market, everything has been fairly sideways in the bigger picture since the initial wave of bank drama in earl...
Tue, Apr 25 2023, 4:48 PM
Mortgage rates are based on movement in the bond market. Bonds move for a variety of reasons, but one of the most basic is due to their function as a...
Mon, Apr 24 2023, 4:07 PM
While the news media bonfire on the recent LLPA tweak is only getting started, it's time for us to shift gears back to boring old mortgage rates (if y...
Fri, Apr 21 2023, 5:06 PM
Seemingly overnight, the internet is awash with news regarding a "new," unfair tax on mortgage borrowers with higher credit scores. Some have gone so ...
Thu, Apr 20 2023, 4:36 PM
As is typical on any given Thursday, many media outlets are citing Freddie Mac's weekly rate survey. This week's installment suggests rates are highe...
Wed, Apr 19 2023, 4:52 PM
Mortgage rates had been just over 7% at the beginning of March. Then the failure of Silicon Valley Bank kicked off a mini banking crisis that; when c...
Tue, Apr 18 2023, 4:54 PM
Mortgage rates had a calmer day on Tuesday compared to Monday with the average lender only moving up by less than an eighth of a percent. Lenders who...
Mon, Apr 17 2023, 4:52 PM
After bottoming out at the lowest levels in months in the first week of April, mortgage rates have been rising fairly quickly. As of this afternoon, ...
Thu, Apr 13 2023, 5:34 PM
There are several ways to get an idea of where mortgage rates are on any given day, but if that day is a Thursday, you're most likely to get that idea...
Wed, Apr 12 2023, 4:25 PM
If we could only blame one thing for the huge jump in interest rates seen since early 2022, it would be inflation. That fact led to a high degree of ...
Tue, Apr 11 2023, 4:50 PM
Mortgage rates didn't do much today (the average lender drifted microscopically, and Wednesday's CPI data has infinitely more power to move the needle...
Mon, Apr 10 2023, 3:54 PM
Mortgage rates put in a great performance last week--especially if you stopped paying attention on Thursday. At that time, it was the best weekly dro...
Fri, Apr 7 2023, 4:58 PM
Interest rates were remarkably calm in the last week of March. The market was in the process of shifting focus from the banking sector back to economi...
Thu, Apr 6 2023, 4:41 PM
Mortgage rates put in a solid performance so far this week with substantial declines to the lowest levels in months as of yesterday afternoon. Thursd...
Wed, Apr 5 2023, 3:53 PM
It seems like only a few weeks ago that the average 30yr fixed mortgage rate was surging up to 7% from 6% just a few weeks earlier. In fact, it doesn...
Tue, Apr 4 2023, 4:35 PM
As long as we're talking about the best case scenario conforming 30yr fixed mortgage rate, the average lender officially hit 2-month lows today, just ...
Mon, Apr 3 2023, 4:00 PM
Mortgage rates moved lower today as investors reacted to economic data that showed contraction in the manufacturing sector. The Institute for Supply ...
Fri, Mar 31 2023, 6:18 PM
Thu, Mar 30 2023, 4:09 PM
This week's theme has undoubtedly been the extreme absence of volatility in the rate market. Whether we're looking at mortgage rates themselves or a ...
Wed, Mar 29 2023, 5:03 PM
For the second day in a row, mortgage rates didn't move nearly as much as they have been moving on any given day during the past 3 weeks. This is a r...
Tue, Mar 28 2023, 5:09 PM
The week began with a noticeable uptick in mortgage rates relative to last week's lows. Today's momentum continued in the same direction, but with le...
Mon, Mar 27 2023, 4:18 PM
Mortgage rates hit their lowest levels in just over 6 weeks on Friday as investors braced for bad news in the banking sector. Such fears tend pull mo...
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