After a calm start to the week on Monday and Tuesday, we were likely to see a bit more volatility on Wednesday due to important…
Home Refinancing is Easy
It was a fairly boring day on what has turned out to be a fairly boring week so far for mortgage rates. After Friday’s larger…
As hoped, Friday’s big rate spike did not carry additional momentum into the new week. This is occasionally a risk when rates are responding to…
Mortgage rates have enjoyed a nice run since May 21st, with the MND Index (average top tier 30yr fixed scenarios) falling from a recent peak…
Mortgage rates began the day perfectly in line with yesterday’s latest levels for the average lender. By the afternoon, the underlying bond market had lost…
Whether or not today’s drop in rates is meaningful depends on one’s perspective, but in the context of recent rate movement, it’s definitely noticeable. The…
Mortgage rates have been in an exceptionally narrow range since last Tuesday with the 30yr fixed index hovering just under 7%. The average lender is…
There was a bit of behind-the-scenes volatility in the bond market today. Normally, bond volatility translates to interest rate volatility. In some cases, the timing…
After moving moderately lower to start the new week yesterday, mortgage rates backtracked ever-so-slightly today. Top tier conventional 30yr fixed rates remain just under 7%…
The 30yr fixed mortgage rate index spent 3 consecutive days over 7% last week–the first time that’s happened since February. Rates have generally been in…