Without a shadow of a doubt, mortgage rates are noticeably higher today than they were yesterday. They were also noticeably higher yesterday compared to Tuesday. …
Home Refinancing is Easy
Mortgage rates have been moving lower for the past 3 weeks after hitting the highest levels since 2008 in the middle of June. This was…
Mortgage rates hit 5.5% last Friday for the top tier conforming 30yr fixed scenario at the average lender. That was the lowest since June 8th,…
Mortgage rates have been volatile in 2022. Most of that volatility has played out in the form of higher rates. The past 2 weeks have…
Inflation is the enemy of low interest rates. As such, the mortgage market was waiting patiently for this week’s key inflation report released this morning. …
Mortgage rates are driven by the bond market and bonds have been under tremendous pressure due to inflation. As such, when a major inflation report…
After moving up sharply on Friday, mortgage rates weren’t significantly higher yesterday. That represented a bit of a disconnect with underlying bond markets. Specifically, the…
Last week was significantly calmer than the previous week for rates (and many other things in the financial market, for that matter). After hitting the…
In 2020 and 2021, housing boomed and rates plummeted at a pace that many considered to be unsustainable . 2022’s role is to take things…
Most of today’s mortgage rate headlines suggest that rates are higher this week. Nothing could be farther from the truth. Well, a few things could…