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Mortgages Stories

Mortgage Rates Coast Into Extended Weekend

Mortgage rates didn’t move much today.  Lenders that made detectable adjustments generally did so in a moderately positive direction.  While this isn’t remotely enough to make a difference in the actual NOTE rate on a mortgage quote, it could make for microscopically … Continue reading

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Mortgage Rates Improve as Lenders Catch up With Yesterday's Gains

Mortgage rates fell today despite relatively uneventful movement in underlying bond markets (which drive day to day changes in rates).  The net improvement can be explained by the timing of yesterday’s improvement.  Simply put, bonds improved late in the day (following the … Continue reading

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Upward Mortgage Rate Momentum Pauses After Fed

Mortgage rates moved moderately higher this morning, beginning the day at the highest levels in roughly 2 weeks.  Afternoon events helped underlying bond markets bounce back, however, resulting in several lenders issuing positive reprices. This means that some lenders are in … Continue reading

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Mortgage Rates Remain Under Pressure

Mortgage rates began the day in decent shape with the average lender roughly unchanged versus yesterday.  As the day progressed, bond markets (which dictate rates) weakened.  Most lenders were forced to reissue slightly higher rates in the afternoon.  Any lenders who didn’t … Continue reading

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Low and Sideways, Mortgage Rates Play Waiting Game

Mortgage rates were slightly higher for the 3rd straight day, continuing a modest bounce back from the year’s lowest rates last Wednesday.  In a nutshell, bond markets (which dictate mortgage rates) reacted in a big way to last week’s political headlines, and … Continue reading

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Mortgage Rates Higher, Volatility Looms

Mortgage rates continued higher for the 2nd straight day after hitting the lowest levels in more than 7 months earlier this week.  Wednesday’s big move lower was a direct result of political headlines relating to potential wrongdoing in communications between Trump and … Continue reading

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Mortgage Rates Rise Gently From 7-Month Lows

Financial markets are still reeling from political headlines that first began circulating on Tuesday afternoon. While stock markets made a reasonable attempt to retrace yesterday’s big move lower, bond markets weren’t as interested. Fortunately, that means mortgage rates moved modestly higher, leaving … Continue reading

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Rates Respond to Political Scandal by Plummeting to 2017 Lows

Mortgage rates surged significantly lower today, as a part of a broad-based market movement following a political scandal that began taking shape yesterday afternoon.  You can choose your preferred media outlet to digest all of the details, but the issue surrounds … Continue reading

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Mortgage Rates Back at 2-Week Lows

Compared to yesterday, mortgage rates are either a little bit higher or lower depending on the lender at the moment.  On average, they’ve inched just past last Friday’s levels, meaning they’re the lowest in 2 weeks. As nice as that sounds, … Continue reading

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Mortgage Rates Mostly Hold Last Week's Gains

Mortgage rates were steady to slightly higher today, largely maintaining the improvements seen last week.  Underlying financial markets were calm and very few lenders adjusted rate sheets during the day. Last week’s gains happened all at once on Friday.  They fully … Continue reading

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