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Surprisingly Calm Day For Mortgage Rates

Last week, trial results from Pfizer’s covid vaccine sent shockwaves through financial markets.  Stock prices and bond yields both moved decisively higher.  In general, higher…

Mortgage Rates Back Up To Pre-Election Levels

Mortgage rate movement had been very calm relatively resilient compared to the broader bond market.  In other words, mortgages have been doing better than US…

Mortgage Rates Jump After Pfizer News

Last week ultimately ended up being great for mortgage rates, but only after a somewhat abrupt increase heading into the election.  On Tuesday, the average…

Election Week Was a Win For Mortgage Rates

Heading into the presidential election, there were significant risks for mortgage rates and a wide range of potential outcomes. We knew there would be volatility…

Mortgage Rates Bounce Back (Lower)

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…