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…
Home Refinancing is Easy
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…
If you don’t happen to make it past this first sentence, just know that anyone telling you rates are much higher today is NOT lying…
Mortgage rates skyrocketed today, in relative terms. It was the single worst day in nearly 2 years, and among only a few days where effective rates moved…
After hitting the lowest levels in exactly 2 weeks on Friday, mortgage rates bounced back up toward their recent highs today. This risk was already taking shape…
Mortgage rates caught a break to end a week that was otherwise spent moving higher. Although we did see a bit of improvement in underlying bond markets…
Mortgage rates began the day slightly higher. In fact, for several lenders, it was the biggest day-over-day move higher in more than 2 weeks. The key…
Mortgage rates have been more or less unchanged since August 10th. That’s an impressively boring streak even by summertime standards. Why does summertime matter? Simply put,…