“Sideways” has been the dominant theme for mortgage rates for well over a month now. The average top tier 30yr fixed rate fell below 6.82%…
Home Refinancing is Easy
First thing’s first before anyone gets too excited: yes, rates fell on Friday, but not significantly. The average lender is still a bit closer to…
It depends what one’s definition of “recent” is, but if it involves the past few weeks, mortgage rates were at their highest recent levels both…
One of the key principles of mortgage rate movement has to do with the frequency of mortgage rate changes. Specifically, mortgage lenders prefer to update…
In terms of the market movement that underlies and dictates mortgage rate movement, today looked a lot like yesterday. Things started strong and faded gently…
It was actually a rather uneventful day for the bond market. That means it should have been an uneventful day for mortgage rates (because they’re…
Heading into today, we knew the afternoon’s Fed announcement was biggest potential flashpoint for interest rate movement, and that the movement probably wouldn’t be extreme.…
As we often discuss, mortgage lenders prefer to set their rates once per day. They only make changes when the underlying bond market makes a…
Mortgage rates are based on movement in the bond market, and the bond market is closed for most of the weekend. As such, one might…
Despite some ups and downs on a small scale, mortgage rates have been sideways in the bigger picture. That’s a good thing if the latest…