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Mortgages Stories

Mortgage Rates Steady, Depending on Lender

Compared to yesterday, today’s mortgage rates are a moving target depending on the lender.  Some are better.  Some are worse.  On average, rates are unchanged from yesterday’s latest rate sheets.  The variability has to do with yesterday’s fairly sharp losses in bond markets … Continue reading

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After Hitting 1-Month Lows, Rates Bounce Abruptly Higher

Just one day after hitting the lowest levels in more than a month, mortgage rates bounced higher today.  For all intents and purposes, rates fell on Monday morning as the weekend produced no meaningful updates on the recent healthcare bill.  Now today, … Continue reading

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Mortgage Rates Lowest in More Than a Month

Mortgage rates improved today, hitting the lowest levels in more than a month.  Bond markets (which underlie mortgage rates) generally improved last week as the new administration’s ability to get policy changes through Congress was called into question by the breakdown … Continue reading

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Mortgage Rates in Holding Pattern Until Healthcare Vote

While some lenders were slightly better or worse versus yesterday, mortgage rates were unchanged on average today.  This isn’t much of surprise considering yesterday’s much-anticipated healthcare vote never happened.  It’s rumored to occur this afternoon, but markets won’t have much time … Continue reading

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Mortgage Rates Stumble as Political Uncertainty Weighs

Mortgage rates were slightly higher for the first time in 8 days as markets braced for the impact of political developments.  The big issue of the day was (and still is) the healthcare bill set to be debated in the House … Continue reading

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Mortgage Rates Slightly Lower, but Volatility Looms

Mortgage rates were lower for the 7th day in a row today, further extending their push into the lowest levels of the month.  At first, that positive movement was driven by relief that the Fed’s rate hike outlook didn’t accelerate as much as … Continue reading

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Mortgage Rates Down to March Lows

Mortgage rates continued lower today as political uncertainty sparked the biggest day of stock market losses since the election.   In general, short term pain for stocks benefits bonds.  When demand for bonds increases, rates move lower.  Today was no exception.  Bond … Continue reading

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Mortgage Rates at 2 Week Lows Amid Political Uncertainty

Mortgage rates were steady-to-slightly lower today, keeping them in line with the lowest levels in 2 weeks and very close to the lowest levels of the month.  For most lenders, that means conventional 30yr fixed rate quotes of 4.25% on top … Continue reading

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Mortgage Rates are Actually NOT at 2017 Highs

Mortgage rates are right in line with yesterday’s levels, and yesterday saw rates fall at the fastest pace of the year, ultimately reaching the lowest levels in more than a week.  As such, today’s rates are still the lowest in more than … Continue reading

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Biggest Intraday Drop of the Year For Mortgage Rates

Mortgage rates fell at their fastest pace of the year following today’s rate hike announcement from the Fed.  If you’re wondering why mortgage rates fell while the Fed’s rate moved up, you’re not alone.  Fortunately, the explanation is simple.   Financial markets … Continue reading

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