Mortgage rates are based primarily on the prices and yields of bonds. Bonds take cues from several places, but always from inflation and the economy–at…
Home Refinancing is Easy
After coming close to the lowest levels in 4 months yesterday, mortgage rates bounced slightly higher today. There’s never any way to know exactly what…
Last Friday was a great day for mortgage rates with two important economic reports helping the bond market make serious gains (read more). Mortgage lenders…
The Federal Reserve (aka “The Fed”) has a parrot problem, and it’s on a crash course with economic reality… maybe. The Fed sets policies that…
The most basic way to think about interest rate movement is to assume that a strong economy pushes rates higher and vice versa. There are…
There are Fed Announcements, which involve rate hikes/cuts, press conferences, and updated rate forecasts after a 2 day meeting among Fed members. And then there…
The bond market (which determines mortgage rates) has officially endured the frustratingly unique holiday trading environment that often creates undue volatility in the 2nd half…
So long 2022! Don’t let the door hit you. You were the worst year for mortgage rates that most of us have seen in our…
Mortgage rates began the day very close to yesterday’s latest levels. The average lender was just a hair higher. As the day progressed, US bonds…
Mortgage rates are based on trading in the bond market and it’s a frustrating time of year for those seeking a rational relationship with bonds. …