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Mortgages Stories

Mortgage Rates Sideways to Slightly Higher

Mortgage rates continue to bide their time, holding just under 4 percent on average.  Some borrowers might see their quote move up .125% from yesterday, but others will be quoted the same rate with slightly higher closing costs.  A few … Continue reading

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Mortgage Rates Holding Under 4 Percent

Mortgage rates returned to levels best characterized as “under 4 percent” today after drifting higher on Friday.  Last Wednesday was the first foray into the “high 3′s” in more than 16 months.  Not every scenario will be seeing those high … Continue reading

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Mortgage Rates Mixed to End Wild Week

Mortgage rates moved slightly higher today, continuing a pull back from the best levels in 16 months on Wednesday.  That said, apart from the first 3 business days of this week, today’s rates would also qualify as th16-month lows.  The … Continue reading

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Mortgage Rates Slightly Higher; Still Near 16-Month Lows

Mortgage rates were forced to give back some of the tremendous improvements seen yesterday as financial markets corrected after the wild swing.  Apart from the past two days, today’s rates are the best in 16 months, and in many cases … Continue reading

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Wildest Day in Years for Mortgage Rates

Mortgage rates went on a truly epic ride today.  From the opening bell to the closing bell, the mortgage-backed-securities (MBS) that underlie mortgage rates covered more ground than any other day since at least mid 2011.  Direct comparison is an … Continue reading

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Mortgage Rates Hit High 3′s

Mortgage rates continued living the dream today, falling decisively past last week’s lows to claim another instance of “best rates since June 2013.”  Today’s move was exceptional compared to last week’s (or just about any other move lower of 2014 … Continue reading

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Lender Pricing Pulls Back Ahead of 3 Day Weekend

Mortgage backed securities and treasuries opened in opposite directions this morning.   MBS opened a few ticks worse than yesterday, while the benchmark 10 year treasury note opened at 2.30, down from yesterday’s close of 2.32.  The early morning weakness with … Continue reading

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Mortgage Rates Holding at 16 Month Lows

The rally of the last 4 days continued this morning with the Fannie Mae 3.5 MBS opening up 7 ticks higher than yesterday’s close.    The excitement was short lived as profit taking started and continued for the better part of … Continue reading

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Mortgage Rates Drop to 16-Month Lows After Fed Minutes

Mortgage rates put on quite the show today, bringing the crowd to the edge of their seats before knocking it out of the park.  Home-runs these days don’t travel quite the same distance they did in 2012-2013, but today’s resulted … Continue reading

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Mortgage Rates Fall in Line with 2014 Lows

Mortgage rates continued lower today at an exceptionally strong pace.  The most prevalently-quoted conforming 30yr fixed rate for the very best scenarios has moved quickly from being worryingly close to 4.375% to being excitingly close to 4.0%.  Officially, we’re easily … Continue reading

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