Mortgage rates began the day at new multi-decade highs, but only by a small margin over yesterday. This was counterintuitive at first glance because the…
Home Refinancing is Easy
Mortgage rates were already close to the highest levels in more than 20 years yesterday–an unpleasant milestone that was easily surpassed after today’s Job Openings…
It depends quite a bit on the lender in question, but at some point between yesterday morning and this morning, the average lender dropped rates…
The past few days have seen rates surge to new multi-decade highs with the average lender quoting 7.6+ for top tier conventional 30yr fixed scenarios.…
It’s with no great pleasure (none of any kind, for that matter) that we find ourselves in a position to report, yet again, that mortgage…
In terms of day-over-day changes, today’s mortgage rate movement was forgettable. The average borrower wouldn’t see much of a difference from yesterday’s rates at the…
The average lender was already very close to multi-decade highs for 30yr fixed mortgage rates last Thursday afternoon, but a modest recovery on Friday meant…
Mortgage rates actually recovered a bit on Friday as the underlying bond market experienced a modest correction after spiking to the weakest levels in more…
Rates moved only moderately higher on Wednesday after the Fed rocked the bond market with its updated rate forecasts. To reiterate yesterday’s analysis, it’s not…
The Fed did not hike its policy rate today, but it did release updated forecasts that showed the average Fed member expects rates to be…