After rising at a medium-quick pace to begin the week, the past 3 days have been much calmer by comparison for mortgage rates. Today was…
Home Refinancing is Easy
This morning’s weekly survey data from the Mortgage Bankers Association showed a nice increase in refinance applications offset by a smaller decrease in purchase applications. …
After falling moderately to start the week, mortgage rates put in a calmer performance on Tuesday. As we discussed yesterday, volatility in the bond market…
Mortgage rates have been spoiled, relatively, by an extraordinarily calm/narrow trading pattern in the bond market. That’s important because the bond market directly affects the…
After weeks of incredibly subdued volatility, the bond market (which dictates rates) is starting to show some signs of life, but not for the same…
Mortgage rates were mixed today, depending on the lender. The underlying bond market (which dictates day to day changes in rates) has been more volatile in…
Mortgage rates don’t just magically appear. Lenders don’t choose them arbitrarily. To sustain the pace and scope of the mortgage market in the US (and…
The average mortgage lender continues to offer top tier conventional 30yr fixed rates in the “high 2% to low 3%” neighborhood. Exactly where any given…
Considering this week’s generally positive drift in rates, we shouldn’t expect lenders to get less busy any time soon. In recent weeks, there’s been a…
Mortgage rates didn’t do much today. The average lender was effectively unchanged from yesterday. The same could be said yesterday, and the day before that,…