Last Friday, mortgage rates hit their highest levels since 2009 with the average lender quoting conventional 30yr fixed rates of 5.5%. Things weren’t much better…
Home Refinancing is Easy
Mortgage rates are most directly affected by trading levels in the bond market–specifically those of mortgage-backed securities or MBS. It was a somewhat volatile and…
Thursday and Friday weren’t great days for the mortgage market last week. Rates jumped sharply on Thursday and then drifted just a bit higher on…
It’s hard to avoid bad news about rising mortgage rates in 2022, but you can’t believe everything you read. It is true that mortgage rates…
Thursday marks the weekly release of the industry’s most widely cited mortgage rate survey. All manner of news outlets rely on the survey to generate…
Mortgage rates hit their highest levels since 2009 yesterday amid one of the most abrupt spikes seen during the adult lifetime of the average prospective…
Where do we even begin the conversation about mortgage rates on any given day in the spring of 2022? The news has frequently fallen into…
The average mortgage lender was quoting conventional 30yr fixed rates of 5.25% last Monday for top tier scenarios–the highest since late 2018. Rates recovered over…
Here’s a happy but unhappy coincidence: weekly rate surveys (which often lag reality) and actual daily mortgage rates are actually on the same page today. …
When it comes to financial markets and mortgage rates, things rarely happen in straight lines. Each time rates spiked to new multi-year highs in recent…