The conforming loan limit is set by the Federal Housing Finance Agency (FHFA). Mortgages under that amount generally have the lowest effective rates, and in…
Home Refinancing is Easy
After spending the past four business days moving rapidly higher, mortgage rates finally caught a break today, but it was small. In fact, the average prospective borrower…
The headline requires a bit of context. The target audience would be those of us who keep tabs on every little move in mortgage rates. If…
Mortgage rates continued somewhat higher on Monday as bond markets lost ground over the weekend, adding to the heavier losses seen on Thursday and Friday…
As recently as Thursday, news outlets were reporting mortgage rates had only risen modestly this week with 30yr fixed rates still well under 3.00%. In fact,…
Mortgage rates jumped substantially higher today as global markets reacted to yesterday’s Fed announcement. But that’s really just scratching the surface. The Fed is a convenient…
Mortgage rates were surprisingly steady today as the bond market reacted to a new policy announcement from the Fed. Perhaps “reacted” is the wrong word considering…
By the end of last week, mortgage rates moved up to match their highest levels in 2 months. After a modest recovery yesterday, today’s rates…
Mortgage rates ended the week at the highest levels in roughly 2 months as investors moved to the sidelines ahead of next week’s Fed announcement.…
Mortgage rates moved higher again today, bringing the average lender to the worst levels since last Thursday. There are a few exceptions to that due to recent…