The role of economic data in determining mortgage rate momentum is hard to overstate these days and today provided another solid example. This morning, the…
Home Refinancing is Easy
Mortgage rates hit fresh multi-decade highs last week with many lenders hitting the mid-7% range earlier in the week for top tier conventional 30yr fixed…
Heading into the day, the market held out the possibility of heightened volatility surrounding a speech from Fed Chair Powell at the annual Jackson Hole…
Wednesday proved to be one of the 3 best days for mortgage rates in months. The catch? Those “great” days are most likely to be…
Mortgage rates dropped at the fastest pace in weeks today, but that isn’t saying much in and of itself considering rates have only moved lower…
When it seems that we’ve only known pain in the mortgage rate world recently, the absence of pain is a welcome relief. Such was the…
Interest rates are based on trading levels in the bond market. Bond traders began their day looking at significantly weaker levels (i.e. higher yields/rates) versus…
At this point “high rates” are old news. We were already close to hitting the highest levels in more than 20 years last week, so…
Readers of financial news outside the mortgage industry are accustomed to getting their mortgage rate updates on a weekly basis. This has only recently started…
If you could time travel back to October 20th, 2022, you’d find mortgage rates that are just a hair higher than today’s at most lenders,…