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The Fall of Facebook

The Facebook What started as a curiosity to the public, growing out of the halls of academia and taking on a life of its own…

Mortgage Rates Rise Sharply to Fresh 7-Year Highs

Mortgage rates had a bad week and an especially bad day following a much stronger-than-expected jobs report.  The Employment Situation (the most important piece of labor…

Mortgage Rates Are Actually a Bit Higher This Week

It’s Thursday!  That means it’s time, once again, to set the record straight on today’s actual mortgage rates as opposed to those suggested by almost any other…

Mortgage Rates Keep Edging Higher as Stocks Recover

Mortgage rates were higher by a fairly small margin once again today.  Interest rates in general (which are determined by the bond market) have been taking most…

Mortgage Rates Edge Higher

Mortgage rates were moderately higher today as underlying bond markets continued backing away from their strongest levels in more than 3 weeks (stronger bonds = lower…

Mortgage Rates Fall to 2-Week Lows Amid Stock Rout

Mortgage rates fell decisively today–at least in the context of the recent range–thanks primarily to heavy losses in the stock market.  Stocks are far from the…

Mortgage Rates Stuck in The Mud

Mortgage rates were unchanged yet again, making this the third day in a row at essentially the same levels.  Strikingly, underlying market movement was quite different…

Mortgage Rates Appallingly Unchanged Relative to Market Movement

Mortgage rates were roughly unchanged today.  That’s an appalling reality considering the movement in underlying bond markets.  Bonds–specifically, mortgage-backed securities (MBS)–are the primary input used by…

Mortgage Rates Barely Budge Despite Market Volatility

Mortgage rates didn’t move much for the second day this week.  Unlike yesterday, there was a relatively massive amount of volatility in underlying financial markets.  This was…