The average top tier conventional 30yr fixed rate was just a hair over 7% on Friday afternoon and the same is true at the start…
Home Refinancing is Easy
This afternoon’s mortgage rates are higher than yesterday’s latest levels. That’s a result of bond market weakness seen late yesterday and earlier this morning. Why…
Losses… weakness… selling pressure… When any of these things happen in the bond market, it puts upward pressure on interest rates. Mortgage rates are primarily…
While there’s been plenty of movement in the average mortgage rate on any given day recently, today was not one of them. 30yr fixed rates…
Last Thursday and Friday offered some hope that the persistent move to higher rates was finally leveling off. It wasn’t necessarily a rational hope, but…
The bond market dictates day to day movement for all manner of interest rates, including mortgages. On election night, bond yields (another word for “rates”)…
There’s a distinct risk that, even in the financial community, that people will look back on today’s drop in interest rates and conclude it must…
Mortgage rates spent the entire month of October moving higher at a fairly quick pace. Some of that had to do with stronger economic data,…
More often than not, mortgage lenders only set rates once a day. Their decisions are based on trading levels in the underlying bond market. Even…
Love it or hate it, election-related volatility has been having a big impact on the bond market and, thus, mortgage rates. Most of the volatility…