Thursday marks the weekly release of the industry’s most widely cited mortgage rate survey. All manner of news outlets rely on the survey to generate…
Home Refinancing is Easy
Mortgage rates hit their highest levels since 2009 yesterday amid one of the most abrupt spikes seen during the adult lifetime of the average prospective…
Where do we even begin the conversation about mortgage rates on any given day in the spring of 2022? The news has frequently fallen into…
The average mortgage lender was quoting conventional 30yr fixed rates of 5.25% last Monday for top tier scenarios–the highest since late 2018. Rates recovered over…
Here’s a happy but unhappy coincidence: weekly rate surveys (which often lag reality) and actual daily mortgage rates are actually on the same page today. …
When it comes to financial markets and mortgage rates, things rarely happen in straight lines. Each time rates spiked to new multi-year highs in recent…
There’s no question that today was one of the few recent examples of a “good day” for most of the bond market and, consequently, mortgage…
The last few days of March offered some hope that 2022’s massive rate spike might be slowing down. The first few days of April crushed…
Mortgage rates are based primarily on the price of mortgage-backed securities (MBS), which are basically bonds that allow investors to lend money to mortgage lenders…
Mortgage rates jumped significantly higher this morning with the average conventional conforming 30yr fixed rate moving well over 5%. The most recent motivation for this…