Mon, Sep 16 2019, 4:48 PM
Mortgage rates closed out their worst week since 2016 on Friday as the bond market underwent a classic correction after its best month since 2011. The...
Fri, Sep 13 2019, 3:17 PM
Mortgage rates were already having their worst week since 2016 as of yesterday afternoon. Rather than help to heal some of the damage, today's bond ma...
Thu, Sep 12 2019, 5:21 PM
Mortgage rates didn't have a great day today, moving even higher from what were already the worst levels in a month as of yesterday afternoon. In and ...
Wed, Sep 11 2019, 5:04 PM
Mortgage rates were roughly unchanged today for the average lender as underlying bond markets finally calmed down. Over the past few days, bond yields...
Tue, Sep 10 2019, 5:38 PM
Mortgage rates and the broader bond market are both in the midst of a correction after hitting the best levels in more than 3 years last week. This is...
Mon, Sep 9 2019, 5:25 PM
Mortgage rates moved higher today at the fastest pace in several months today. The underlying bond market (which dictates rates) was merely hinting at...
Fri, Sep 6 2019, 4:58 PM
Mortgage rates held steady today, which is a victory in light of yesterday's big jump higher. Part of that jump was due to fear that today's jobs repo...
Thu, Sep 5 2019, 3:50 PM
Mortgage rates walked back a decent chunk of their recent improvements today. This claim runs counter to almost any other coverage you'll see, but I'm...
Wed, Sep 4 2019, 6:09 PM
Mortgage rates are on a tear . In the bigger picture, 2019 has been the best year in more than a decade. Only 2002 was arguably on the same level in t...
Tue, Sep 3 2019, 5:05 PM
Mortgage rates had to endure some paradoxical momentum and delayed reaction to the broader bond market rally lately, but now, it's payback time! Not o...
Thu, Aug 29 2019, 4:12 PM
Two days ago, I wrote an article entitled " No, Mortgage Rates Aren't Based on 10yr Treasury Yields ." It's worth a read if you're not already up to s...
Wed, Aug 28 2019, 5:49 PM
Mortgage rates moved lower today as MBS (the mortgage-backed securities that determine the value of mortgages on the secondary market) improved relati...
Tue, Aug 27 2019, 5:23 PM
Mortgage rates have been putting on a rather frustrating and exciting show in the month of August. On the one hand, they're at or near their lowest le...
Mon, Aug 26 2019, 4:06 PM
Mortgage rates are sort of all over the place at the moment, and almost never where you'd expect. Those who haven't been following the bond market too...
Fri, Aug 23 2019, 5:33 PM
Mortgage rates were noticeably higher through yesterday afternoon as the bond market had generally been bouncing back from the more extreme levels ach...
Thu, Aug 22 2019, 3:57 PM
Mortgage rates managed to hold relatively steady today after moving higher at their fastest pace in over a week yesterday. Incidentally, they also hit...
Wed, Aug 21 2019, 4:58 PM
Mortgage rates moved higher today, and it had nothing to do with any of the day's events or news headlines. Quite simply put, the bond market (which d...
Tue, Aug 20 2019, 5:13 PM
Mortgage rates held steady today, for the most part. If there was a leaning, it was toward slightly lower rates, but not by a wide enough margin to be...
Mon, Aug 19 2019, 4:52 PM
Mortgage rates mostly held steady today , despite a move higher in broader interest rate indicators like the 10yr Treasury yield. Treasuries and mortg...
Fri, Aug 16 2019, 3:22 PM
Things have been weird enough for mortgage rates recently that we were forced to add a " Temporary Note on Mortgage Rate Inconsistency " to our daily ...
Thu, Aug 15 2019, 5:18 PM
Mortgage rates fell today as the underlying market for mortgage-backed-securities (MBS) actually did a better job of keeping pace with broader bond ma...
Wed, Aug 14 2019, 6:31 PM
Mortgage rates were unchanged for many lenders today which is utterly and completely shocking given the other market developments that tend to coincid...
Tue, Aug 13 2019, 5:13 PM
Mortgage rates were still unchanged for many lenders as of this morning. There were even a few offering slightly lower rates compared to yesterday mor...
Mon, Aug 12 2019, 3:24 PM
Mortgage rates were unchanged to slightly higher today--a claim that utterly boggles the mind of anyone who thought they understood the relationship b...
Fri, Aug 9 2019, 4:15 PM
Mortgage rates moved lower today even though the broader bond market suggested they should have remained flat or higher. In several of this week's pre...
Thu, Aug 8 2019, 4:22 PM
Mortgage rates were sharply higher today, with the average 30yr fixed rate quote rising by almost an eighth of a percentage point in some cases. A mov...
Wed, Aug 7 2019, 5:13 PM
Mortgage rates have had a great week. Although rates are slightly higher today versus yesterday, they're still exceptionally close to the lowest level...
Tue, Aug 6 2019, 6:03 PM
Mortgage rates hit their lowest levels since November 2016 late last week and they've proceeded to set a new long-term low each day since then. Today ...
Mon, Aug 5 2019, 3:58 PM
Mortgage rates were already in great shape on Friday after having fallen to the lowest levels since November 2016. Rather than draw inspiration from t...
Fri, Aug 2 2019, 7:02 PM
Mortgage rates fell again on Friday as lenders finally saw recent bond market gains stabilize enough to act on. In other words, lenders don't always k...
Thu, Aug 1 2019, 3:06 PM
Mortgage rates fell today, but by how much depends on the lender! This runs contrary to the average news story which contains some reference to rates ...
Wed, Jul 31 2019, 6:27 PM
Mortgage rates were mostly unchanged today, which will come as a surprise to scores of consumers who mistakenly believe the Fed's 0.25% rate cut equat...
Tue, Jul 30 2019, 4:48 PM
Mortgage rates haven't moved much this week, or last week, or the week before that. In fact, for the average prospective borrower, there haven't been ...
Mon, Jul 29 2019, 4:21 PM
Mortgage rates moved back down , albeit just slightly, into last week's range. They'd risen for 2 straight days by Friday, and today's improvement lea...
Fri, Jul 26 2019, 3:54 PM
Mortgage rates edged just slightly higher today for the average lender, marking the 2nd day of weakness this week. In terms of the underlying bond mar...
Thu, Jul 25 2019, 3:26 PM
Mortgage rates were moderately higher today marking the first detectable shift of the week. Many of the market participants who trade the bonds respon...
Wed, Jul 24 2019, 3:13 PM
Mortgage rates barely budged today, with the average lender offering almost the exact same terms as yesterday. That took some doing in the form of str...
Tue, Jul 23 2019, 4:09 PM
Mortgage rates side-stepped today, bringing an end to a gentle but consistent move lower over the past 5 business days. During that time the average c...
Mon, Jul 22 2019, 3:30 PM
Mortgage rates were lower again today. The improvement was fairly decent given the amount of movement seen in the bond market. The reason for that has...
Fri, Jul 19 2019, 8:04 PM
Mortgage rates Moved just slightly lower today, despite some push back from underlying bond markets. Typically, weakness in the bond market (like the ...
Thu, Jul 18 2019, 5:37 PM
Economic data and mortgage rate movement go hand in hand. A stronger economy puts upward pressure on rates. A contracting economy helps rates move low...
Wed, Jul 17 2019, 5:27 PM
Mortgage rates improved today, depending on the lender and the time of day! Underlying bond markets were only modestly stronger in the morning. As suc...
Tue, Jul 16 2019, 4:34 PM
Mortgage rates were flat to slightly higher today, following a stronger-than-expected Retail Sales report. The bond market (which dictates mortgage ra...
Mon, Jul 15 2019, 4:18 PM
Mortgage rates were mostly flat to begin the new week, even though underlying bond markets were in stronger territory. Bonds, more than anything else,...
Fri, Jul 12 2019, 5:56 PM
Mortgage rates moved decisively higher this week as the underlying bond market finally began shifting gears. After the Fed meeting in June, rates move...
Wed, Jul 10 2019, 2:31 PM
Mortgage rates were mixed today following the much-anticipated congressional testimony by Fed Chair Jerome Powell. Although these testimonies are regu...
Tue, Jul 9 2019, 3:07 PM
Mortgage rates rose today, largely in response to weakness in the bond market seen yesterday afternoon (and confirmed this morning). Mortgage rates fo...
Mon, Jul 8 2019, 5:28 PM
Mortgage rates began the day in slightly lower territory compared to last Friday afternoon, but they'd risen noticeably from Wednesday to Friday. The ...
Fri, Jul 5 2019, 5:11 PM
Mortgage rates moved higher today following higher-than-expected job creation in a report from the Labor Department. The Employment Situation (aka "th...
Wed, Jul 3 2019, 2:19 PM
Mortgage rates fell at a moderate pace today. As expected, the lenders who hadn't gotten around to improving during yesterday's bond market rally (str...
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