Mortgage rates surged higher at a rapid pace for the second time this week. Taken together, the jump is the biggest of its kind since the big…
Home Refinancing is Easy
Mortgage rates were sharply higher yesterday, but managed to reverse course and make some gains today. The refreshing part of the improvement was that the bond…
Mortgage rates were flat yesterday, but I warned that volatility could increase today. That turned out to be an understatement. Mortgage rates shot higher nearly as…
Mortgage rates were flat to slightly higher today after dropping at fairly quick pace last week. In fact, if we’re only examining one-day changes in rates, Thursday’s…
Mortgage rates held steady today after moving sharply lower yesterday. “Sharply,” in this context, means that many lenders saw rates move lower by as much as an…
Mortgage rates dropped like a rock today. This has absolutely nothing to do with yesterday’s Fed rate cut, a little to do with the market reaction…
First things first: the Fed cut its policy rate today, but that doesn’t mean they cut mortgage rates. Why? Because they can’t and they don’t–especially…
You may have heard that the Federal Reserve is highly likely to cut rates this week. That is true. It’s happening tomorrow. It would be…
Mortgage rates increased again today as lenders continued to get caught up with 2 days of bond market weakness. When bonds are weaker, prices are moving lower…
Mortgage rates moved lower for 3 days in a row as of yesterday afternoon. But that trend was likely to reverse based on the timing of yesterday’s…