What a difference a few days have made for mortgage rates, and in this case, not a good difference. The average lender was offering the…
Home Refinancing is Easy
As much as it may seem that financial markets are driven by machines and code, human beings are still critical to day to day functioning. …
It was a critical week for financial markets and especially for rates as investors digested the latest inflation data and the Fed’s smaller rate hike. …
Mortgage rates are based primarily on the bond market (specifically, mortgage-backed securities or MBS). When MBS improve, lenders are creating loans that are worth more…
It’s often said here, but bears repeating: by the time the Fed officially announces a rate hike, that rate hike is old news and of…
There aren’t many scheduled economic reports that are as hotly anticipated as was today’s Consumer Price Index (CPI). The market’s reaction more than validated the…
The week began in fairly uneventful fashion for mortgage rates, at least in the bigger picture. In the smaller picture, there was a modicum of…
Tuesday December 13th is the day many people have been waiting for ever since Thursday November 10th. What do those two days have in common?…
Mortgage rates have been remarkably well behaved since the November 10th release of the last Consumer Price Index (CPI), the monthly inflation report that has…
Mortgage rates moved moderately lower today after new economic data showed a big drop in the cost of labor in Q3. Labor costs are one…