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…
Home Refinancing is Easy
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…
It is our longstanding policy to strictly avoid politics except in cases where the political realm legitimately intersects with relevant events for rates. Now is…
Mortgage rates rates moved moderately higher today, and while that leaves the average 30yr fixed rate only slightly higher than it was on Tuesday morning…
The jobs report that came out at the beginning of October was a big wake up call for interest rates. Up until then, the prevailing…
Mortgage rates tend to be updated only once per day. Lenders set rates based on trading levels in mortgage-backed securities (MBS) which are essentially bonds…
It’s no mystery that mortgage rates have had a terrible October. As of last Friday, the average lender’s top tier 30yr fixed rates were up…
Mortgage rates reached their highest level of the week on Wednesday and haven’t really moved since then. Technically each subsequent day saw a microscopic reduction…
Mortgage rates have risen every day since October 15th and some of the jumps have been fairly big. That followed an even bigger increase earlier…
Mortgage rates have been moving two directions recently and both of them are “up.” Only the pace changes. Today’s pace was modest to moderate, but…