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Mortgage Rates Recover After Downbeat Data

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…

Rates Remain Fairly Flat Compared to Last Week

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…

Mortgage Rates Roughly Unchanged Over The Weekend

Mortgage rates held fairly steady over the weekend.  That wasn’t necessarily destined to be the case as the underlying bond market suggested another mover higher…

Mortgage Rates Quickly Down to 2-Week Lows

After hitting the highest levels in several months last Friday, mortgage rates have fallen fairly quickly in the new week.  As bond markets improved this…

Rates Drop Sharply to Start The New Week

The past 2 weeks were fairly rough for fans of low mortgage rates.  The average lender moved higher at the fastest pace since February over…

Do Rates Care About Debt Ceiling?

It was nearly impossible to avoid news regarding the debt ceiling this week, but how much does it actually matter? Let’s make sure we’re on…

Mortgage Rates Start Lower But End Higher

Wednesday was a fairly volatile day for mortgage rates.  The movement wasn’t extreme, but there were a few lead changes.  The day began with the…

Mortgage Rates Move Back Above 7%

Today’s headline is the most dramatic part of today’s story on mortgage rates.  The average top tier 30yr fixed rate has been mostly operating in…