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Mortgages Stories

Mortgage Rates Mildly Lower; Volatile Week Ahead

Mortgage rates caught a break today and were able to ease just slightly lower heading into the weekend.  This is somewhat refreshing because yesterday’s bigger move higher was the kind of thing that historically results in further upward pressure.   The … Continue reading

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Mortgage Rates Actually Moved Higher Today

Mortgage rates did as expected and departed their recently more stable range today.  Unfortunately, we got the less enjoyable of the two potential departures with rates moving higher at a moderate pace.  At the same time, the world’s most widely-followed … Continue reading

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Mortgage Rates at a Standstill, but not for Long

Mortgage rates had their single flattest day since October 2nd today.  This is the polar opposite of last week’s exceptional volatility.  The most interesting thing about it is that this is the way rates typically respond to that kind of … Continue reading

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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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