Unfortunately, we don’t have a great way to measure all of the past precedents, but it’s safe to say that the this was one of…
Home Refinancing is Easy
There are probably only a few 4-day streaks with effectively no movement in mortgage rates, and this is one of them. After falling to 6.91%…
After moving back under 7% last week (conventional, 30yr fixed, top tier scenario), mortgage rates have been increasingly unlikely to move. Today was the 2nd…
Mortgage rates enjoyed a decently strong week last week, with the average top tier conventional 30yr fixed rate moving down to 6.91% by Friday from…
As the broader market continued rubbing its eyes in disbelief over the Fed’s exceptionally calm attitude on inflation, bonds continued to improve today. Stronger bonds…
The rate market was intently focused on today’s announcement from the Federal Reserve. While many news headlines emphasize the Fed “holding rates steady,” but that’s…
Rates marched higher to the highest levels in March today, but most lenders are only microscopically worse off than Friday afternoon. In the slightly bigger…
Back in late 2023, we got in the car with the Federal Reserve with the promise of a trip to our favorite place: the land…
Even though Tuesday’s consumer-oriented inflation report (CPI) had the biggest potential to cause drama for rates, it was today’s wholesale inflation report that did the…
Mortgage rates are nowhere near their highs from a few short weeks ago, let alone the much higher highs from late 2023, but they are…