Mortgage rates are based on movement in the bond market, and bonds have lost ground every day for 8 straight days. Today was merely…
Home Refinancing is Easy
If you received a mortgage rate quote any time in the past few days or weeks, unless it was at the end of the business…
The Fed will hike its key policy rate for the first time since 2018 next week, but mortgage rates aren’t waiting to move higher. By…
It’s Thursday and thus time once again for Freddie Mac’s weekly mortgage rate survey. An industry standard report dating back to the 70s, Freddie’s survey…
Mortgage rates officially hit new multi-year highs in February. At the time, you’d have to go back to the first half of 2019 to see…
Mortgage rates have experienced significant volatility so far in 2022. At first, this was almost exclusively a function of the Federal Reserve or, rather, the…
Financial markets were already dealing with rapidly evolving Fed policy shifts, a big jump in rates, and a big drop in stocks. But after Russia…
The first 2 days of the week marked the best 48 hour stint for mortgage rates since March 2020, and one of the best on…
On a normal week, we can follow day to day movement in rates and point out how far behind the times the week-to-week changes are. …
First thing’s first. We need to get some caveats out of the way. The following should always be assumed when reading mortgage rate coverage, but…