While the mainstream mortgage rate indices continue operating in the mid-to-upper 6% range, actual rates are moving higher into the 7% range by the time…
Home Refinancing is Easy
Despite other indices showing the average 30yr fixed rate in the 6.7 range, the actual average (after accounting for points) is once again over 7%. …
The bond market is waiting for bigger news on inflation and the economy, and traders aren’t pretending otherwise. Why does that matter? Traders determine the…
The average 30yr fixed mortgage rate has been holding just under 7% for the entire month, making June the least volatile month in well over…
A majority of the housing market data on any given month tends to come out mostly on the same week. This was that week and…
One important disclaimer right upfront: there’s no real need to concern yourself with recent day-to-day movement in mortgage rates if your goal is to witness…
Any discussion about mortgage rates rising or falling in the month of June requires the caveat about the trend being exceptionally flat in the bigger…
Mortgage rates are primarily driven by changes in the value of certain bonds that trade on the open market. Those bonds (mortgage-backed securities or “MBS”)…
Rates may not be as high as they were several months ago or as low as they were 5 weeks ago, but they’re close enough…
Not to be confused with the big monthly jobs report (the one that includes a count of “nonfarm payrolls” as well as the official unemployment…