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Mortgage Rates Highest in More Than a Month

Mortgage rates surged again today as the underlying bond market continued to capitulate to selling pressure.  Let’s talk about what that means in plain English!  Capitulation in…

Mortgage Rates Spike to 2-Week Highs

Mortgage rates moved quickly higher today following stronger-than-expected economic data.  Rates are driven by the bond market.  Bonds are safe-haven assets.  When the economy is stronger,…

Mortgage Rates Not Interested in Any of Today's Drama

At one point today, there were three apparently important events dominating the newswires simultaneously.  These included the Fed Chair’s congressional testimony, the Cohen congressional testimony,…

Mortgage Rates Only Modestly Higher After Tariff News

Mortgage rates were very nearly unchanged today, although the average lender was just slightly higher.  Investors reacted to news over the weekend that the US/China tariff…

Mortgage Rates Slightly Higher Today

Mortgage rates may be close to their lowest levels in more than a year, but they were slightly higher versus yesterday.  Yesterday’s rates were close enough to…

Mortgage Rates Sticking Close to Long-Term Lows

Mortgage rates fell modestly today, making it the 7th straight business day where they’ve moved in the opposite direction from the previous day.  This see-saw pattern…

Mortgage Rates in a Holding Pattern

Mortgage rates were slightly higher today, marking the 6th day in a row where they’ve reversed course versus the previous day.  This is the sort of…