Rates have been gradually rising across the board in the past few weeks and mortgage rates are no exception. Yesterday, it was the market responding…
Home Refinancing is Easy
The last few weeks have seen mortgage rates move in a far narrower range compared to the month and a half leading up to December…
The much-anticipated Consumer Price Index (CPI) was released this week. For those seeking evidence that inflation will soon be back at the Fed’s target level,…
Mortgage rates are based on bonds. Bonds react more to two monthly economic reports than any others. One of these is the jobs report which…
The first thing to understand about mortgage rates over the past 3-4 weeks is that they haven’t been moving nearly as quickly as the preceding…
While the average 30yr fixed mortgage rate is still more than 1% below the long-term highs seen in October, it has been rising slowly and…
Last week saw several key economic events attempt to exert some influence on interest rate momentum without any obvious winner. Rates ended the week somewhat…
The big jobs report on the first Friday of any given month can be big business for interest rate volatility. Today’s example was no exception,…
Wednesday saw mortgage rates recover toward the lower recent levels in response to economic data that wasn’t as upbeat as recent examples. That’s important because…
As of this morning, it looked like the theme for mortgage rates in 2024 would be up, up, and away–at least as far as the…