Mortgage rates officially hit the highest levels since May 2024 yesterday, even though the average was almost imperceptibly higher than last Friday’s. We saw a…
Home Refinancing is Easy
Mortgage rates were already at 6 month highs earlier this week so it didn’t take much of a push to send them up to new…
Mortgage rates are driven by movement in the bond market and bonds were on a shortened schedule today due to the federal day of mourning…
For the second day in a row, mortgage rates have moved higher at a modest to moderate pace. Unfortunately, that’s been a trend so far…
We came into the current week knowing that rates would take cues from any clear cues in this week’s economic data. In general, that means…
The bond market and interest rates have arrived at the first full week of the new year almost exactly where they left off before the…
The official holiday dates may be in the rearview, but as far as interest rates and underlying bond markets are concerned, this was the last…
The last time mortgage rates were moving with any sense of urgency was in the days surround the Fed’s rate cut on December 18th. Incidentally,…
Major holidays typically involve a full day market closure along with an “early close” on an adjacent day. This matters to rates because mortgage lenders…
Because mortgage rates are determined by trading levels in the bond market, when the market is closed, lenders don’t update their rate offerings. As such,…