Yesterday, we characterized the prevailing mortgage rate momentum as “broadly sideways,” and while that’s still very true in the bigger picture, words like “up” and…
Home Refinancing is Easy
Most of this week’s mortgage rate movement has been an aftershock following last week’s jobs report. That data sent rates quickly higher and that momentum…
It’s a bit of a stretch to refer to the past week as a “losing streak” for mortgage rates. The worst part about it was…
Bad news first: mortgage rates have been moving steadily higher in July with the average top tier 30yr fixed scenario rising from 6.67% to 6.81%…
For the entire 2nd half of June, it was easy to be spoiled by the absence of volatility in mortgage rates. During that time, rates…
Today brought the hotly anticipated jobs report. This is the “official” job count and unemployment rate data for the U.S. and no other report has…
Mortgage rates have generally been falling since May 21st and have done nothing but move lower for more than 2 weeks. That winning streak finally…
It’s been 88 days since the average 30yr fixed mortgage rate was as low as it is today–close enough to 3 months. Some lenders may…
April 3rd and 4th saw the average top tier 30yr fixed mortgage rates well into the “mid 6’s.” Many lenders were able to quote 6.5%…
Friday’s mortgage rates ended up being right in line with Thursday’s on average. At 6.72%, the MND daily rate index is as low as it’s…