Mortgage rates stayed steady at the lowest levels in more than 3 weeks as financial markets are still accounting for additional risks relating to Turkey. Simply put,…
Home Refinancing is Easy
Mortgage rates, and indeed most interest rates, are tied to movement in the bond market. In turn, bonds tend to benefit when big, scary stuff is…
Mortgage rates finally did what they were supposed to do today. Specifically, they fell in response to bond market improvement. That’s the way it should be, but…
Mortgage rates were modestly higher today. Much like yesterday, there’s a catch! Yesterday’s catch was that underlying bond markets had weakened enough during the day that today’s…
Mortgage rates were roughly unchanged today. That would make this the 4th day in a row without any move higher in rates, and it would leave us…
Mortgage rates were slightly lower for the 3rd straight business day, but not for any particular reason. Because of the relatively narrow range, rates are now technically…
Conventional wisdom holds that interest rates tend to move in the same direction as stocks. This makes logical sense from a classical investment portfolio standpoint. …
Mortgage rates moved slightly higher today. Yet again, underlying bond markets suggested another fate. In other words, if mortgage rates were perfectly tied to underlying bond markets,…
Mortgage rates were microscopically higher today, which is paradoxical on two levels. The first paradox has to do with today’s bond market improvements. Bonds underlie rates and…
Mortgage rates moved modestly higher today after holding in roughly the same territory for the past 3 days. This brings them back in line with last Thursday’s…