Mon, Dec 2 2019, 3:19 PM
Mortgage rates increased moderately to begin the new week/month and had been increasing in general during the previous week. The net effect is some le...
Wed, Nov 27 2019, 2:38 PM
Mortgage rates moved slightly higher today, leaving them roughly in the middle of November's narrow range. Although banks and many mortgage lenders wi...
Tue, Nov 26 2019, 4:31 PM
Mortgage rates recovered today after moving higher for the first time in nearly 2 weeks yesterday. In the bigger picture, rates have been in a back-an...
Mon, Nov 25 2019, 4:08 PM
Mortgage rates finally moved a bit higher today after avoiding such things for nearly 2 full weeks. The losses were mild today, but nonetheless take t...
Fri, Nov 22 2019, 5:34 PM
Mortgage rates ended their recent winning streak yesterday, but they have yet to try to get a losing streak started! In other words, rates bottomed ou...
Thu, Nov 21 2019, 4:18 PM
Mortgage rates spent a 2nd day with the average lender holding relatively steady . This follows a decent winning streak over the previous week and a h...
Wed, Nov 20 2019, 4:45 PM
Mortgage rates are in the midst of a winning streak of moderate size and duration. Specifically, rates have improved by at least an eighth of a percen...
Tue, Nov 19 2019, 3:29 PM
Mortgage rates had a great week last week and haven't done anything to jeopardize that so far this week. Today was the first time during these 2 weeks...
Mon, Nov 18 2019, 4:27 PM
Mortgage rates added to last week's improvement with another modest drop today. That brings the average lender to the best levels in exactly 2 weeks--...
Fri, Nov 15 2019, 6:06 PM
Mortgage rates finished the week in much better territory compared to last Friday. Today only added modestly to that move, but the simple act of movin...
Thu, Nov 14 2019, 4:24 PM
Mortgage rates moved lower again today. Whereas it was a bit easier to be dismissive about recent improvements, they're starting to add up at this poi...
Wed, Nov 13 2019, 5:44 PM
Mortgage rates have been more willing to move higher than lower recently. While that may continue to be the case in the near-term future, there have b...
Tue, Nov 12 2019, 5:00 PM
Mortgage rates had a bad October . November hasn't exactly been great either, with last Thursday being one of the worst days of the year in terms of d...
Fri, Nov 8 2019, 4:17 PM
Mortgage rates launched to their highest levels in more than 3 months yesterday for a variety of reasons. Chief among them was a series of comments fr...
Thu, Nov 7 2019, 5:29 PM
Mortgage rates surged higher at a rapid pace for the second time this week. Taken together, the jump is the biggest of its kind since the big rate spi...
Wed, Nov 6 2019, 5:12 PM
Mortgage rates were sharply higher yesterday , but managed to reverse course and make some gains today. The refreshing part of the improvement was tha...
Tue, Nov 5 2019, 6:07 PM
Mortgage rates were flat yesterday , but I warned that volatility could increase today. That turned out to be an understatement. Mortgage rates shot h...
Mon, Nov 4 2019, 6:00 PM
Mortgage rates were flat to slightly higher today after dropping at fairly quick pace last week. In fact, if we're only examining one-day changes in r...
Fri, Nov 1 2019, 4:14 PM
Mortgage rates held steady today after moving sharply lower yesterday. "Sharply," in this context, means that many lenders saw rates move lower by as ...
Thu, Oct 31 2019, 5:10 PM
Mortgage rates dropped like a rock today . This has absolutely nothing to do with yesterday's Fed rate cut, a little to do with the market reaction to...
Wed, Oct 30 2019, 3:52 PM
First things first: the Fed cut its policy rate today, but that doesn't mean they cut mortgage rates . Why? Because they can't and they don't--especia...
Tue, Oct 29 2019, 4:36 PM
You may have heard that the Federal Reserve is highly likely to cut rates this week. That is true. It's happening tomorrow . It would be a big surpris...
Mon, Oct 28 2019, 5:32 PM
Mortgage rates increased again today as lenders continued to get caught up with 2 days of bond market weakness. When bonds are weaker, prices are movi...
Fri, Oct 25 2019, 3:44 PM
Mortgage rates moved lower for 3 days in a row as of yesterday afternoon. But that trend was likely to reverse based on the timing of yesterday's mark...
Thu, Oct 24 2019, 3:43 PM
Mortgage rates dropped at a modest pace for the 3rd straight day on Thursday. This brings them back in line with levels seen at the end of last week. ...
Wed, Oct 23 2019, 5:04 PM
Mortgage rates moved a bit lower yesterday after hitting the highest levels in more than a month the day before. They kept the positive trend going to...
Tue, Oct 22 2019, 4:38 PM
Mortgage rates recovered just a bit today after hitting the highest levels in more than a month yesterday. The inspiration for much of the recent upwa...
Mon, Oct 21 2019, 7:28 PM
Mortgage rates may have managed to remain mostly flat last week, but they did so near their highest levels in several weeks. After moving up at a mode...
Fri, Oct 18 2019, 6:03 PM
Mortgage rates were flat today. In fact, they were very close to being flat on the week for that matter! This is a reflection of the bond markets curr...
Thu, Oct 17 2019, 3:40 PM
Mortgage rates didn't do much today, but risks are increasing that movement will be more brisk in the coming business days. Blame European politics--s...
Wed, Oct 16 2019, 6:01 PM
Mortgage rates improved modestly today, depending on the lender. Some lenders moved rates higher yesterday due to deterioration in the bond market. Ot...
Tue, Oct 15 2019, 4:32 PM
Mortgage rates ended higher for the 4th straight business day on Tuesday, but that wasn't necessarily destined to be the case this morning. After last...
Fri, Oct 11 2019, 5:27 PM
Mortgage rates moved higher from Wednesday through the end of the week. Thursday and Friday were especially abrupt as financial markets hurried to get...
Thu, Oct 10 2019, 6:09 PM
Mortgage rates were sharply higher today as the underlying bond market faced heavy selling pressure for a variety of reasons. When investors are more ...
Wed, Oct 9 2019, 4:52 PM
Mortgage rates moved modestly higher today, but remain very close to the lowest levels in nearly a month. The underlying bond market (which dictates r...
Tue, Oct 8 2019, 4:48 PM
Mortgage rates were slightly lower today despite some volatility in the underlying bond market. Rates have generally been moving lower recently, but t...
Mon, Oct 7 2019, 5:30 PM
Mortgage rates moved lower every week for the past 3 weeks. They covered a respectable amount of ground during that time and ultimately erased most of...
Fri, Oct 4 2019, 3:26 PM
Mortgage rates fell nicely this week with modest to moderate gains throughout. As I noted yesterday, this runs counter to the week's average mortgage ...
Thu, Oct 3 2019, 4:07 PM
Mortgage rates are much lower today compared to last Thursday, or any other day last week. Despite that fact, major news outlets--even those dedicated...
Wed, Oct 2 2019, 4:49 PM
Mortgage rates are historically quite low and they managed to continue lower today . This is in addition to a steady string of improvements that began...
Tue, Oct 1 2019, 4:27 PM
Mortgage rates were already at their lowest levels in a few weeks by yesterday afternoon--a journey that largely consisted of baby steps. There have b...
Mon, Sep 30 2019, 4:35 PM
Mortgage rate movement was fairly uneventful last week. The bond market (which is most directly responsible for driving day-to-day changes in mortgage...
Thu, Sep 26 2019, 3:59 PM
Mortgage rates held steady today--a welcome development after yesterday's move higher. In the bigger picture, rates have done an acceptable job of mov...
Wed, Sep 25 2019, 5:23 PM
Mortgage rates bounced higher today, after making it to the best levels in more than a week yesterday afternoon. Markets responded to a strong home sa...
Tue, Sep 24 2019, 3:11 PM
Mortgage rates managed to hold on to the improvements seen yesterday. This was far from a certainty yesterday afternoon as the underlying bond market ...
Mon, Sep 23 2019, 5:41 PM
Mortgage rates added to last week's friendly rebound with their best single-day drop in more than a month today. Weak economic data in Europe and tepi...
Fri, Sep 20 2019, 5:59 PM
What a difference a week makes! At the end of last week, things were pretty grim, with mortgage rates having just seen their worst single week since 2...
Thu, Sep 19 2019, 4:23 PM
Here is exactly what yesterday's Fed rate cut did to mortgage rates: ABSOLUTELY NOTHING! No Fed rate cut (or hike) will EVER do ANYTHING directly to m...
Wed, Sep 18 2019, 4:54 PM
One of the greatest potential sources of confusion for prospective mortgage borrowers is the relationship between the Fed and mortgage rates. While th...
Tue, Sep 17 2019, 5:02 PM
Mortgage rates have risen rather abruptly from their long term lows 2 weeks ago and are now at the highest levels in more than a month. Fortunately, t...
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