As of last week, rates were showing some signs of resilience, but they had to wait for the true test from this week’s jobs report.…
Home Refinancing is Easy
It’s been a remarkably calm week for mortgage rates, and a fairly decent one relative to several recent examples. The average top tier 30yr fixed…
Mortgage lenders generally try to avoid setting rates more than once per day, but they will make changes if the underlying bond market is moving…
The bond market is the primary driver of mortgage rate movement and normally, “weakness” equates to higher rates. Bonds are slightly weaker today compared to…
Mortgage rates remain elevated relative to the levels seen in September and early October, but they’ve definitely moved down a bit from their recent highs. …
Last Monday, mortgage rates were near the highest levels in more than 3 months. A week later, and the average lender is right in line…
Starting in early October, mortgage rates experienced significant volatility, meaning the average day over day change was much bigger than normal. While the term “volatility”…
They may not be low. In fact, they may still be a lot higher than you want, but at least they haven’t been too volatility…
Remember October and the first part of November–not because of the election, but rather because of the relentless rise in mortgage rates? Would you rather…
Ask your favorite curmudgeonly old market watcher and they’ll be happy to explain what “always” happens in financial markets when there’s breaking news regarding large…