Tue, Sep 7 2021, 2:43 PM
Mortgage rates moved slightly highe r to begin the holiday-shortened week. With Labor day being a bank holiday, mortgage lenders were closed yesterday...
Thu, Sep 2 2021, 2:51 PM
Mortgage rates are based primarily on bonds. Bonds take cues from economic data (among other things). And tomorrow's big jobs report is the most consi...
Wed, Sep 1 2021, 5:07 PM
Much like yesterday, mortgage rates were unchanged to slightly higher , depending on the lender. And once again, the differences in pricing strategies...
Tue, Aug 31 2021, 4:56 PM
Mortgage rates were unchanged to slightly higher today, depending on the lender. The differences in pricing strategies stem from the timing of changes...
Mon, Aug 30 2021, 4:27 PM
Mortgage rates drifted lower again today, with the average lender getting back down to the lowest levels since the first week of August. In a general ...
Thu, Aug 26 2021, 2:36 PM
Mortgage rates stabilized today after moving higher at a moderately quick pace over the past 2 days. To be sure, today's rates are definitely higher t...
Tue, Aug 24 2021, 2:36 PM
After a sharp increase to start the year and significant improvements between April and mid July, mortgage rates have been fairly flat for more than a...
Mon, Aug 23 2021, 4:49 PM
Mortgage rates are only adjusted once per day by default. From there, the underlying bond market would need to improve or deteriorate by a certain amo...
Fri, Aug 20 2021, 5:35 PM
Rates are on hold until the next chapter is written in the complex saga of covid versus the market. This isn't to say rates perfectly flat--simply tha...
Thu, Aug 19 2021, 3:25 PM
Mortgage rates were slightly lower today as the bond market improved for the 2nd straight day. When bonds prices move higher, bond yields (or rates) m...
Wed, Aug 18 2021, 3:58 PM
Mortgage rates haven't been skyrocketing, by any means, but they have been moving up in fits and starts over the past 2 weeks. Today was just another ...
Tue, Aug 17 2021, 3:19 PM
Mortgage rates experienced an uptick in volatility last week as the broader bond market was hit with a big dose of new supply. In other words, between...
Wed, Aug 11 2021, 6:51 PM
By now, it's no mystery that mortgage rates are significantly higher than they were last week. The bigger mystery had to do with what comes next. In s...
Tue, Aug 10 2021, 2:24 PM
After hitting 6-month lows early last week, mortgage rates bounced and have been moving higher ever since. The increases were moderate at first, but t...
Thu, Aug 5 2021, 3:11 PM
Mortgage rates moved up from 6-month lows yesterday and that trend continued today. This time around, we didn't have any obvious culprits on the econo...
Wed, Aug 4 2021, 4:20 PM
Mortgage rates hit their best levels in 6 months yesterday, but moved higher today following a strong report on the services sector. The economy is on...
Tue, Aug 3 2021, 2:48 PM
Mortgage rates moved slightly lower again today--extending a steady string of improvements that began after last week's Fed announcement. The average ...
Thu, Jul 29 2021, 2:50 PM
"Taper talk" refers to comments, speeches, or official policy communications from the Federal Reserve (aka "the Fed") that speak to the timing and nat...
Tue, Jul 27 2021, 4:04 PM
Wednesday afternoon brings one of the year's 8 regularly scheduled policy updates from the Federal Reserve (aka, the Fed). While there's no question t...
Tue, Jul 20 2021, 3:30 PM
There are two pieces of big news for mortgage rates over the past few business days. The first arrived last week in the form of the removal of the adv...
Thu, Jul 15 2021, 2:45 PM
Mortgage rates fell again today as the bond market continues to enjoy surprisingly strong levels over the past 2 weeks. That strength was not always a...
Wed, Jul 14 2021, 3:02 PM
Mortgage rates moved higher yesterday after a poorly-received 30yr bond auction ( read more... ). The bond market began to heal in the overnight tradi...
Tue, Jul 13 2021, 4:08 PM
Mortgage rates are coming off a solid performance last week after having moved to the lowest levels in 5 months by Thursday afternoon. This week is sh...
Fri, Jul 9 2021, 1:37 PM
Even though rates rebounded to slightly higher levels on Friday, the week generally brought pleasant surprises as the mortgage market returned to leve...
Thu, Jul 8 2021, 2:58 PM
With yesterday's mortgage rates already near longer-term lows, all it took was a modest improvement for today's rates to officially hit their best lev...
Wed, Jul 7 2021, 3:04 PM
Mortgage rates have fallen fairly consistently over the past 2.5 weeks with the past 2 days seeing some of the better improvements. There haven't been...
Thu, Jul 1 2021, 4:24 PM
Mortgage rates have had several good weeks now after being dealt a blow by the Fed announcement on June 16th. Said "blow" is relative , to say the lea...
Wed, Jun 30 2021, 4:29 PM
Mortgage rates fell again today--now officially below the lowest levels in the past 2 weeks. In order to accomplish that, rates had to fully erase the...
Tue, Jun 29 2021, 3:12 PM
Mortgage rates are primarily a function of trading levels in the bond market and bonds have enjoyed (or suffered) an interesting mix of volatility and...
Mon, Jun 21 2021, 4:29 PM
10yr yields may have hit their lowest levels in months in the wee hours of the morning and people may always perceive a bit too much correlation betwe...
Thu, Jun 17 2021, 4:23 PM
It's Thursday on a volatile week for the bond market and thus time, once again, to play our favorite game: "no, rates didn't really do that." Sometime...
Wed, Jun 16 2021, 4:42 PM
Mortgage rates were already drifting higher in the first half of the week, but that was nothing compared to today. This afternoon's Fed Announcement w...
Tue, Jun 15 2021, 4:15 PM
Mortgage rates had a great week last week, ultimately getting very close to the lowest levels since March. One of the main sources of motivation was t...
Fri, Jun 11 2021, 6:21 PM
No, this isn't one of those click-bait headlines that promise to share "one weird trick" or proclaim "you'll never believe what happened next." Well, ...
Wed, Jun 9 2021, 2:40 PM
The bond market is the main ingredient that lenders use to determine lending rates. The mortgage market is no exception . In fact, mortgages have spec...
Tue, Jun 8 2021, 3:54 PM
Mortgage rates haven't been in the habit of making epic swings recently. That's not a bad thing considering they continue to operate in very low terri...
Wed, Jun 2 2021, 4:14 PM
In week-over-week terms, mortgage rates are modestly higher this afternoon compared to last Wednesday. In the slightly bigger picture, however, rates ...
Tue, May 25 2021, 4:41 PM
As of last Wednesday, mortgage rates were right in line with 1-month highs . They've drifted nicely lower since then and are now at their best levels ...
Thu, May 20 2021, 4:16 PM
Mortgage rates moved slightly lower today depending on the lender. Those who raised rates yesterday afternoon (most of them) were able to offer slight...
Wed, May 19 2021, 3:51 PM
Mortgage rates began the day in line with yesterday's levels, for the most part. Things changed in the afternoon. Bonds began to deteriorate modestly ...
Tue, May 18 2021, 3:27 PM
Mortgage rates were at their lowest levels in several months by the beginning of last week. They spent the next several days moving higher (especially...
Thu, May 13 2021, 4:35 PM
It's Thursday and, thus, time once again to check in with the slew or mortgage rate headlines that typically follow the release of Freddie Mac's weekl...
Wed, May 12 2021, 4:35 PM
After bottoming out at 2 month lows late last week, mortgage rates have been heading higher. At first, the move was relatively gradual, but the pace i...
Tue, May 11 2021, 3:47 PM
Mortgage rates had enjoyed a solid little run for almost all of April and again in the first week of May. By last Thursday, they were at their lowest ...
Thu, May 6 2021, 4:06 PM
Mortgage rates moved lower today, bringing the average lender to the best levels since late February. Despite the milestone, the day-over-day movement...
Wed, May 5 2021, 3:42 PM
Mortgage rates were mixed today, depending on the lender. On average, rates were unchanged and remained very close to their lowest levels in nearly 2 ...
Tue, May 4 2021, 4:38 PM
Last week fired warning shots across the bow of April's mortgage rate rally. New month, new momentum? No, not just yet. In fact, we haven't seen much ...
Thu, Apr 29 2021, 4:19 PM
Mortgage rates were mixed today, depending on the lender. Virtually every lender began the day with slightly higher rates, but most offered mid-day im...
Wed, Apr 28 2021, 4:40 PM
The Federal Reserve released a new policy announcement today. This is one of the 8 times per year where the Fed can opt to change "rates," or adjust i...
Tue, Apr 27 2021, 4:25 PM
Mortgage rates have fallen almost every single day in April. By the end of last week, that meant the average lender was offering the lowest convention...
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