It’s hard to quantify just how bad today was for mortgage rates because there’s no quality day-over-day mortgage rate data from before 2009 (when we…
Home Refinancing is Easy
2022 has already had its fair share of bad news for mortgage rates, but this week was not to be outdone. It began as just…
Mortgage rates moved higher this morning as the bond market reacted to a new policy announcement from the European Central Bank (ECB). If you’re thinking…
Rates jumped significantly higher last week and have continued drifting up at a gradual pace since then. The average lender remains in territory that’s roughly…
Mortgage rates are primarily determined by mortgage-specific bonds (MBS, or mortgage-backed securities to be exact). MBS share similarities with the broader bond market where US…
Last week’s mortgage rate momentum served to reverse 3 of the best consecutive weeks in nearly a year–themselves a reversal of the worst 4 months…
By last Friday, rates had improved so much from recent highs that we were finally able to consider that 2022’s trend had shifted gears from…
Mortgage rates jumped higher at a fairly quick pace during the first 2 days of the week (in this case, Tue/Wed due to Memorial Day…
Mortgage rates moved higher for the 2nd straight day this week. On both days, the pace has been brisk by historical standards. In terms of…
As of last Friday, mortgage rates had enjoyed 3 of their best weeks in a long time. Sure, there were caveats that argued against celebrating…