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Mortgages Stories

Mortgage Rates Rocket to Lowest in a Year

Mortgage rates dropped significantly today, officially hitting the lowest levels in almost exactly 1 year.  For most lenders, that means a conventional 30yr fixed rate quote of 3.625% for top tier borrowers, though there are still quite a few lenders at … Continue reading

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Mortgage Rates Barely Budge After Jobs Report

Mortgage rates were mostly unchanged today, though a few lenders were microscopically higher in cost.  That’s an uncommon result for the day of the big jobs report release, but in today’s case it may be somewhat understandable.   More often than not, … Continue reading

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Mortgage Rates Hold Lows Ahead of Jobs Data

Mortgage rates held their ground at 8-month lows today.  This time around, it was far less eventful than yesterday’s session, which saw lenders changes rates several times throughout the day (and in opposite directions to boot!). Some lenders are in … Continue reading

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Mortgage Rates Hold Long-Term Lows Despite Market Volatility

Mortgage rates had a far more tumultuous day despite ultimately hanging on to the lowest levels in more than 8 months.  Whether you wanted to be happy, sad, excited, or scared, there was something for everyone today.  The bond markets … Continue reading

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Mortgage Rates Down to New 8-Month Lows

Mortgage rates only paused for a brief moment of reflection yesterday before continuing with 2016’s trend of improvement.  Today’s gains bring them easily back to new 8-month lows.  Last Friday, that’s a designation they shared with a few days in … Continue reading

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Mortgage Rates Remain Near Long Term Lows

Mortgage rates were in line with the best levels in 8 months as of last Friday.  Although they moved slightly higher to begin the new week, today is still the 2nd best day in the past 8 months.  Lenders continue … Continue reading

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Mortgage Rates In Line With 8-Month Lows

Mortgage rates were at 3 month lows yesterday and today have moved in line with 8-month lows.  For most lenders, there was a day or 2 in October that was just slightly better than today, but the differences are negligible.  … Continue reading

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Mortgage Rates Hold Steady After Fed Announcement

Mortgage rates pulled off a come-from-behind victory following today’s Fed Announcement.  This time around, the Fed wasn’t at all likely to make any changes to the Fed Funds rate, but investors were still curious to see how the Fed worded … Continue reading

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Mortgage Rates Lower Despite Stock Rally

Mortgage rates did something they haven’t done all year today.  They actually improved in the face of a stock rally.  In fact, it was the third best day for stocks so far in 2016.  The other 2 days resulted in … Continue reading

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Mortgage Rates Recover as Stocks Slide

Mortgage rates moved slightly lower today, recovering some of Friday’s losses.  Those losses introduced the risk that 2016’s dominant trend toward lower rates could be in the early stages of turning a corner.  Today’s improvements don’t necessarily confirm or reject … Continue reading

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