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Mortgages Stories

Mortgage Rates Inch Lower Ahead of Holiday Weekend

Mortgage rates moved tentatively lower today.  The pace was only slightly better than yesterday when it was all but undetectable.  To those expecting more improvement based on trading levels in the bond markets that drive rates, it might seem a … Continue reading

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Mortgage Rates Barely Budge After Fed Minutes

Mortgage rates are ending the day very close to unchanged, following what was–by all rights–a supportive reading of the Fed’s April Meeting Minutes.  The big, nasty surprise that may have been lurking (potential rate hike arguments for June) was instead … Continue reading

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Mortgage Rates Back Near Recent Highs Ahead of Fed

Mortgage rates continued higher at an unsettling pace today, following an exceptionally strong reading on Residential Construction data.  This particular report doesn’t historically cause a lot of rate volatility, but it comes at a time when markets are considering the … Continue reading

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Mortgage Rates Begin Another Week Moving Higher

Mortgage rates moved higher out of the gate for a second straight week, though today’s jump was smaller than last Monday’s.  The most prevalent conventional 30yr fixed quote remains 4.0% for top tier borrowers, with a few lenders still down … Continue reading

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Mortgage Rates End Another Week at Lows

Mortgage rates improved for a second day, and ended at their lowest levels for a second straight week.  The most prevalent conventional 30yr fixed quote remains 4.0% for top tier borrowers, but several lenders moved down to 3.875%.  Additionally, the … Continue reading

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Mortgage Rates Catch a Break, but It’s Small

Mortgage rates finally caught a break today.  This is quite a welcome development (indeed, yesterday’s commentary pointed out that no breaks were being caught!), but the magnitude of the improvement left something to be desired.  Still, we’ll take what we … Continue reading

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Mortgage Rates Set Another 2015 High

Mortgage rates can’t catch a break.  They’re not much higher than yesterday, but yesterday was already the worst of 2015.  Actually, it’s the broader bond market that can’t catch a break.  European and US sovereign debt rates are moving higher … Continue reading

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Mortgage Rates Set Another 2015 High

Mortgage rates can’t catch a break.  They’re not much higher than yesterday, but yesterday was already the worst of 2015.  Actually, it’s the broader bond market that can’t catch a break.  European and US sovereign debt rates are moving higher … Continue reading

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Mortgage Rates Keep Pushing 2015 Highs

Mortgage rates moved disconcertingly higher again today, despite the fact that underlying market levels actually improved during the day.  Guaranteeing rates in such a volatile environment is expensive for lenders.   The result is yet another high for 2015.  The … Continue reading

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Mortgage Rates Surge Back to 2015 Highs

Mortgage rates moved quickly back to their recent highs today as investors race to reposition for a perfect storm of risks.  The biggest risk is that European bond markets are changing course after the epic run to all time lows … Continue reading

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