Any discussion of “all-time low” mortgage rates requires careful attention to specifics. Are we talking about weekly survey numbers or actual daily numbers? Intraday vs…
Home Refinancing is Easy
Yesterday, we discussed the fact that many mortgage lenders got defensive ahead of election night uncertainty. In the mortgage world, when lenders get defensive, it…
It’s no secret that there was a massive market reaction to the 2016 election. Even though markets don’t expect the range of potential outcomes to…
Mortgage rates move higher and lower all the time, but truly massive moves tend to arrive with many months (if not years) in between. The…
The 2016 election won’t soon be forgotten in the mortgage or bond markets. Many of the predictions were dead wrong when it came to how interest rates…
It was a bit of a bittersweet day for mortgage rates. On the one hand, it was the Fed’s first day buying a new category…
When interest rates plummeted in response to the early realities of the pandemic back in March/April, mortgage rates did a terrible job of keeping pace…
Mortgage rates are mostly determined by the trading levels of mortgage-backed bonds on the open market. When those bonds improve, mortgage rates move lower, all…
Mortgage rates were lower today for the average lender, but just how low remains a matter of great debate. To be fair, there’s no active…
Another week, another glut of news articles claiming mortgage rates are at all-time lows. While no one is intentionally trying to deceive you, the news…