Mortgage rates are driven by movement in the bond market and bonds were on a shortened schedule today due to the federal day of mourning…
Home Refinancing is Easy
For the second day in a row, mortgage rates have moved higher at a modest to moderate pace. Unfortunately, that’s been a trend so far…
We came into the current week knowing that rates would take cues from any clear cues in this week’s economic data. In general, that means…
The bond market and interest rates have arrived at the first full week of the new year almost exactly where they left off before the…
The official holiday dates may be in the rearview, but as far as interest rates and underlying bond markets are concerned, this was the last…
The last time mortgage rates were moving with any sense of urgency was in the days surround the Fed’s rate cut on December 18th. Incidentally,…
Major holidays typically involve a full day market closure along with an “early close” on an adjacent day. This matters to rates because mortgage lenders…
Because mortgage rates are determined by trading levels in the bond market, when the market is closed, lenders don’t update their rate offerings. As such,…
Mortgage rates didn’t move much today, and markets have been very quiet due to the holiday week. So we’ll take a quick moment for a…
Mortgage rates are based on trading levels in the bond market and bond market activity has been extremely slow, as is normally the case during…