Mortgage rates failed to extend yesterday’s modest improvement, moving modestly higher by the end of the day. This takes the average lender very close to the long-term…
Home Refinancing is Easy
Mortgage rates recovered most of yesterday’s losses today, following turmoil in European financial markets. What does Europe have to do with rates in the US? A lot,…
Mortgage rates moved higher at a quicker pace today, following the release of the Minutes from the most recent Fed meeting. But correlation isn’t necessarily causality in…
Mortgage rates didn’t move much today. Some lenders were perfectly unchanged, but the average lender was just slightly higher. That’s at odds with underlying bond market…
Mortgage rates were sideways to slightly higher today, prolonging a 3-day trend of exceptionally light volatility. The 5 days before that (beginning on Wednesday, October 3rd)…
Mortgage rates held relatively steady today, finally leveling off after two solid days of improvement driven by the week’s big stock market sell-off. Stocks and rates…
Mortgage rates fell today as the stock market sell-off remained in focus. Stocks and rates certainly don’t have a linear and predictable relationship, but when stocks…
Mortgage rates are based on mortgage-backed securities (MBS), which are essentially bonds. Conventional wisdom holds that stocks and bonds supplement one another, and that as “money…
Mortgage rates recovered a small portion of their recent losses today, but the average loan applicant might not even notice. The 2 key ingredients of a…
Mortgage rates moved back over the 5% threshold, on average, for the first time since early 2011 today following mixed data on the jobs market. Why…