There are two distinct patterns of behavior when it comes to rates interacting with stocks. The first could be called the “conventional wisdom” pattern, which…
Home Refinancing is Easy
While there were only 4 business days instead of the customary 5, it’s been an intensely boring week for mortgage rates. Tuesday started out right…
After several consecutive days without any noticeable changes, mortgage rates finally made a move today. Unfortunately, that move was higher. Thankfully, it was neither extreme…
Given that rates take cues from bonds and bonds take cues from economic data, it’s perhaps no surprise to see an absence of volatility in…
Mortgage rates are driven predominantly by the bond market and bonds were able to clear up a few curiosities on inauguration day. Specifically, traders expected…
Mortgage rates are driven by the bond market and Friday was the least active day of the week for bonds. There were no major economic…
After having a great day yesterday, mortgage rates were able to add another “good” day today. The net effect brings the average lender’s top tier…
We knew that today’s Consumer Price Index (CPI) was a hotly anticipated economic report that at least had the potential to give rates a big…
Mortgage rates officially hit the highest levels since May 2024 yesterday, even though the average was almost imperceptibly higher than last Friday’s. We saw a…
Mortgage rates were already at 6 month highs earlier this week so it didn’t take much of a push to send them up to new…