The Fed generally wants annual inflation to be around 2% at the core level. “Core” is fancy market jargon for an economic metric that excludes…
Home Refinancing is Easy
Before you let the promise of volatility alarm you, keep in mind that it cuts both ways. In other words, mortgage rate volatility can result…
Source: mortgagenewsdaily.comNew feed
In general, this has been a week of correction and reversal for mortgage rates. After hitting the lowest levels in more than 4 months last…
Today’s mortgage rate recap is largely similar to yesterday’s–not because the same things happened, but rather because the bigger stories and bigger movements had already…
The majority of January was characterized by sharp decline in mortgage rate volatility and the lowest rates in several months, the first week of February…
Mortgage rates were already under quite a bit of pressure on Friday following the stunningly strong jobs report in the morning. Strong economic data is…
Interest rates take cues from several places. Regularly scheduled economic data is always a consideration because a stronger economy implies more growth and tighter Fed…
Mortgage rates responded favorably to yesterday’s press conference with Fed Chair Powell. We discussed that move in detail in yesterday’s commentary: Fed Hikes Rates. Mortgage…
For some, this will be old hat. For others, there’s a mystifying dynamic that demands explanation. The confusion stems from years of being conditioned to…