Conventional wisdom holds that interest rates tend to move in the same direction as stocks. This makes logical sense from a classical investment portfolio standpoint. …
Home Refinancing is Easy
Mortgage rates moved slightly higher today. Yet again, underlying bond markets suggested another fate. In other words, if mortgage rates were perfectly tied to underlying bond markets,…
Mortgage rates were microscopically higher today, which is paradoxical on two levels. The first paradox has to do with today’s bond market improvements. Bonds underlie rates and…
Mortgage rates moved modestly higher today after holding in roughly the same territory for the past 3 days. This brings them back in line with last Thursday’s…
Mortgage rates didn’t move much today, despite a somewhat decent improvement in bond markets. Overnight, trade war brinksmanship between the US and China had investors seeking…
Mortgage rates were sideways to slightly higher today, depending on the lender. The underlying bond market (which dictates rates) was exceptionally quiet. On the heels of…
Mortgage rates fell again today, bringing the average rate just slightly lower on the week. Unlike the past 2 days, there were no big ticket calendar events…
Mortgage rates moved LOWER today, following a policy announcement from the European Central Bank (ECB). That claim runs counter to almost any other mortgage rate headline in…
Mortgage rates moved higher today, following the Fed’s much-anticipated policy announcement. Although the Fed changed quite a few words from the announcement’s previous iteration (far more than…
Mortgage rates didn’t move much today. That keeps them in line with some of the highest levels in nearly 7 years, though the same could be…