The average mortgage lender was able to offer conventional 30yr fixed rates that were very close to yesterday’s levels despite bond market movement that suggested…
Home Refinancing is Easy
Mortgage rates are driven by day to day changes in the bond market. Bonds are focused on the Fed and the economic data that shapes…
Mortgage rates began the new week at almost exactly the same levels seen at the end of last week. There were no major events or…
The Fed expected to be able to cut rates 3 times in 2024 as recently as March. Financial markets agreed. But the data that’s come…
Tuesday marked the highest mortgage rates since November, capping a mini surge that began after last week’s inflation data. After a moderate improvement yesterday, rates…
Mortgage rates moved lower today after hitting the highest levels since mid November yesterday. Some lenders were down as much as an eighth of a…
The bad times keep rolling for mortgage rates with the average conventional 30yr fixed rate back up to 7.5% according to our daily index. This…
In 2023, there were multiple examples of mortgage rates moving up by roughly half a percent in a relatively short amount of time (1-3 weeks). …
Wednesday was one of the worst days in decades in terms of single-day upward movement in mortgage rates. Thursday added a bit more insult to…
Wednesday’s Consumer Price Index caused a brutally fast spike in mortgage rates. It wasn’t notable for taking us to exceptionally high levels (October 2023 was…