The bond market–which dictates interest rates–had a generally favorable response to yesterday’s update from the Federal Reserve. While the Fed didn’t cut rates, and while…
Home Refinancing is Easy
Wednesday brought a full schedule of events and data for the bond market to digest and bonds dictate day to day changes in mortgage rates. …
A mortgage rate is highly subjective and can vary for a variety of reasons. A news story that provides an outright level like 7.5% requires…
Mortgage rates didn’t change much at all over the weekend with the average lender still in the highest territory since November. The average conventional 30yr…
As 2024 has progressed, economic data–especially inflation data–have made it increasingly clear that rates will not be coming down nearly as soon as the Fed…
Interest rates care about quite a few different things, but inflation and Fed policy are two of the biggest considerations. One of the Fed’s favorite…
The average mortgage lender was able to offer conventional 30yr fixed rates that were very close to yesterday’s levels despite bond market movement that suggested…
Mortgage rates are driven by day to day changes in the bond market. Bonds are focused on the Fed and the economic data that shapes…
Mortgage rates began the new week at almost exactly the same levels seen at the end of last week. There were no major events or…
The Fed expected to be able to cut rates 3 times in 2024 as recently as March. Financial markets agreed. But the data that’s come…