Last week was a wild one for mortgage rates with the lowest levels in nearly a year on Monday and an abrupt spike after Wednesday’s…
Home Refinancing is Easy
Thursday was the first day of the week with any meaningful economic reports. This is important to mortgage rates because economic data influences the bonds…
Over time, mortgage rate movement lines up almost perfectly with movement in the underlying bond market, but there can be day to day discrepancies depending…
Mortgage rates are based on bonds and bonds take their most important cues from big ticket economic reports. But such reports have been in short…
Officially, our daily mortgage rate index is a hair lower today than it was yesterday. Your mileage may vary depending on the lender in question.…
It’s day two of mortgage rates surging higher–now back to the highest levels in 2 weeks (the day before the September 5th jobs report). The…
Several things happen on Fed Day–especially on the 4 out of 8 examples with updated rate forecasts from Fed members. The official announcement of a…
Mortgage rates dropped sharply lower today relative to the amount of movement in the underlying bond market with the average lender right in line with…
Mortgage rates have done almost nothing but move lower over the past 4 months. The first Fridays in August and September account for about half…
The underlying bond market (which dictates the rates offered by mortgage lenders) weakened moderately overnight. Weaker bonds equate to higher rates, all else equal. “Higher…