Fri, Jun 3 2022, 6:05 PM
By last Friday, rates had improved so much from recent highs that we were finally able to consider that 2022's trend had shifted gears from "skyrocket...
Thu, Jun 2 2022, 4:53 PM
Mortgage rates jumped higher at a fairly quick pace during the first 2 days of the week (in this case, Tue/Wed due to Memorial Day holiday). Today br...
Wed, Jun 1 2022, 4:38 PM
Mortgage rates moved higher for the 2nd straight day this week. On both days, the pace has been brisk by historical standards. In terms of the avera...
Tue, May 31 2022, 4:52 PM
As of last Friday, mortgage rates had enjoyed 3 of their best weeks in a long time. Sure, there were caveats that argued against celebrating the gain...
Fri, May 27 2022, 4:30 PM
The housing market has been keeping its head down, keeping calm, and carrying on in the face of the biggest rate spike since the 1980s. The ability t...
Wed, May 25 2022, 5:46 PM
Mortgage rates fell again today, bringing them even deeper into their best levels in over a month, but caveats abound. First off. They're still quit...
Tue, May 24 2022, 4:59 PM
Mortgage rates have generally been moving lower for more than 2 weeks now. Today's gains were enough to bring them to their best levels in just over ...
Mon, May 23 2022, 4:34 PM
Mortgage rates are coming off their best 2 weeks in quite some time--a feat that sounds more impressive than it is by the time we consider the precurs...
Thu, May 19 2022, 5:01 PM
A brutally fast spike to the highest rates in more than a decade comes with some decent consolation prizes. Over the past 2 weeks, it has allowed the...
Wed, May 18 2022, 4:37 PM
There has been a lot of volatility in the bond market recently. Because bonds drive interest rate changes, that's meant plenty of volatility in the m...
Tue, May 17 2022, 4:10 PM
Mortgage rates moved higher today at the fastest pace in 2 weeks. Part of the reason the size of the jump was the fact that rates have done quite wel...
Mon, May 16 2022, 4:19 PM
Mortgage rates are coming off of one of their best weeks in nearly 2 years, which isn't quite as glamorous as it sounds, but still a good accomplish...
Fri, May 13 2022, 6:05 PM
Mortgage rates have moved higher at the fastest pace in decades so far in 2022, but this week proved to be a refreshing exception. To understand why,...
Thu, May 12 2022, 4:34 PM
Multiple headlines are citing higher mortgage rates today. Even if you read past those headlines, you'd still be left with the impression that this w...
Wed, May 11 2022, 3:20 PM
Mortgage rates almost hit a new 2 week low today. That's the first time we've been able to say that since early March when markets were still react...
Tue, May 10 2022, 4:13 PM
By the middle of the day today, certain rates at many mortgage lenders were a quarter of a percent lower than they were yesterday morning. A drop of ...
Mon, May 9 2022, 3:58 PM
2022 has been the year of volatility for mortgage rates with most of the swings resulting in successive runs to long-term highs. Every now and then...
Fri, May 6 2022, 4:58 PM
It was yet another tough week for the mortgage market with rates rising to their highest levels since 2009, but how high have they actually risen? Th...
Thu, May 5 2022, 6:49 PM
Good news continues to be in short supply for mortgage rates. In fact, even the good news has ended up being bad on many recent occasions. Today i...
Wed, May 4 2022, 4:47 PM
Today brought the much-anticipated policy announcement from the Federal Reserve. Many people mistakenly believe that the Fed's present day decisions ...
Tue, May 3 2022, 4:23 PM
Mortgage rates hit their highest levels since 2009 yesterday amid the fastest spike since the early 1980s. Today's rates were very similar on avera...
Mon, May 2 2022, 3:44 PM
The hits keep coming for mortgage rates in 2022. Not since the early 80s have rates risen as quickly as they have in the past 2 months (or the past 4...
Fri, Apr 29 2022, 4:52 PM
The first few months of 2022 have seen rates rise at the fastest pace since the 1980s as a confluence of known issues collided with unexpected volatil...
Thu, Apr 28 2022, 4:14 PM
Last Friday, mortgage rates hit their highest levels since 2009 with the average lender quoting conventional 30yr fixed rates of 5.5%. Things weren't...
Wed, Apr 27 2022, 3:21 PM
Mortgage rates are most directly affected by trading levels in the bond market--specifically those of mortgage-backed securities or MBS. It was a som...
Mon, Apr 25 2022, 3:50 PM
Thursday and Friday weren't great days for the mortgage market last week. Rates jumped sharply on Thursday and then drifted just a bit higher on Frid...
Fri, Apr 22 2022, 6:26 PM
It's hard to avoid bad news about rising mortgage rates in 2022, but you can't believe everything you read. It is true that mortgage rates have been ...
Thu, Apr 21 2022, 4:07 PM
Thursday marks the weekly release of the industry's most widely cited mortgage rate survey. All manner of news outlets rely on the survey to generate...
Wed, Apr 20 2022, 3:56 PM
Mortgage rates hit their highest levels since 2009 yesterday amid one of the most abrupt spikes seen during the adult lifetime of the average prospe...
Tue, Apr 19 2022, 6:03 PM
Where do we even begin the conversation about mortgage rates on any given day in the spring of 2022? The news has frequently fallen into the category...
Mon, Apr 18 2022, 4:50 PM
The average mortgage lender was quoting conventional 30yr fixed rates of 5.25% last Monday for top tier scenarios--the highest since late 2018. Rat...
Thu, Apr 14 2022, 2:49 PM
Here's a happy but unhappy coincidence: weekly rate surveys (which often lag reality) and actual daily mortgage rates are actually on the same page to...
Wed, Apr 13 2022, 4:47 PM
When it comes to financial markets and mortgage rates, things rarely happen in straight lines. Each time rates spiked to new multi-year highs in rece...
Tue, Apr 12 2022, 5:03 PM
There's no question that today was one of the few recent examples of a "good day" for most of the bond market and, consequently, mortgage rates. The ...
Mon, Apr 11 2022, 4:01 PM
The last few days of March offered some hope that 2022's massive rate spike might be slowing down. The first few days of April crushed those hopes a...
Thu, Apr 7 2022, 4:34 PM
Mortgage rates are based primarily on the price of mortgage-backed securities (MBS), which are basically bonds that allow investors to lend money to m...
Wed, Apr 6 2022, 4:48 PM
Mortgage rates jumped significantly higher this morning with the average conventional conforming 30yr fixed rate moving well over 5%. The most recent...
Tue, Apr 5 2022, 5:07 PM
Rates have been rising rapidly in 2022 in general as the market quickly repositions for a big shift in Fed policy. The Fed sets short term rates and b...
Mon, Apr 4 2022, 4:00 PM
Mortgage rates are fresh off their best week since early March in terms of outright improvement. The catch is that they were at the highest levels ...
Fri, Apr 1 2022, 5:26 PM
Home prices have been on a tear since late 2020 despite generally higher rates in 2021. In the past few months, rates have upped the ante by surging a...
Thu, Mar 31 2022, 4:56 PM
The headline "lowest rates in a week" may not be too sensational or even that informative at first glance, but in today's case, it's big news. You'd ...
Wed, Mar 30 2022, 3:18 PM
There hasn't been much to get excited about when it comes to mortgage rates in the month of March--at least not in a positive way. Negative excitemen...
Tue, Mar 29 2022, 3:46 PM
In a normal mortgage rate environment, it's common to see a remarkably equal distribution of good and bad days with rates moving lower or higher vers...
Mon, Mar 28 2022, 4:28 PM
Last week's big news was the rapid jump in rates. In fact, it was right in line with the worst week in decades in terms of the total increase in the ...
Fri, Mar 25 2022, 7:38 PM
While weeks in 2022 have been terrible for mortgage rates, we've always been able to say "at least it wasn't as bad as that one week in 2013." We can'...
Thu, Mar 24 2022, 3:28 PM
Tuesday (March 22) saw mortgage rates at their highest levels since late 2018 with top tier conventional 30yr fixed scenarios being quoted 4.75% by th...
Wed, Mar 23 2022, 4:34 PM
The month of March has amounted to a very long night for the mortgage market with rates not only moving higher at one of the fastest paces on record, ...
Tue, Mar 22 2022, 7:27 PM
Rates added to the record-breaking move higher today. The carnage has now earned early 2022 the dubious distinction of being the biggest 3-month rate...
Mon, Mar 21 2022, 5:22 PM
By the end of last week, the bond market was sending hopeful signs about the recent rate spike potentially leveling off. It had done the same thing...
Fri, Mar 18 2022, 4:50 PM
Mortgage rates are based on movement in the bond market, and as of the middle of this week, bonds had lost a good amount of ground every day for 8 st...
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