Any discussion about mortgage rates rising or falling in the month of June requires the caveat about the trend being exceptionally flat in the bigger…
Home Refinancing is Easy
Mortgage rates are primarily driven by changes in the value of certain bonds that trade on the open market. Those bonds (mortgage-backed securities or “MBS”)…
Rates may not be as high as they were several months ago or as low as they were 5 weeks ago, but they’re close enough…
Not to be confused with the big monthly jobs report (the one that includes a count of “nonfarm payrolls” as well as the official unemployment…
As was widely expected, the Federal Reserve held rates steady today. Mortgage rates were also generally steady, but the two have little to do with…
Tuesday brought an unfriendly paradoxical reaction for rates. Don’t worry. We can shift gears to words that make more sense now. Rates began the day…
Mortgage rates drifted slightly higher this morning with the average lender moving up to the highest levels in nearly 2 weeks. Top tier 30yr fixed…
In a surprising turn of events, this week’s biggest market mover for interest rates was a policy announcement by the Bank of Canada (BOC). The…
Economic data is one of the most basic and reliable inputs for the bond market. The bond market, in turn, dictates day to day interest…
By Friday, there’s a distinct possibility that you’ll be tired of hearing different versions of the same story. The plot: last Friday’s jobs report prevented…