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Mortgages Stories

Wage Growth Shocker Pushes Mortgage Rates to 2-Month Lows

Get out your calendar.  Flip, swipe, or glance back at May 29th.  That’s where we have to go to see mortgage rates any lower than they are today.  After a delightful, but incredibly boring streak of mostly good days, rates … Continue reading

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Mortgage Rates Stay Steady After GDP

Mortgage rates were very close to unchanged despite market volatility surrounding the release of today’s GDP figures.  GDP can occasionally cause a significant response in mortgage rates, and that’s especially true of the “advance” release.  That’s due to the fact … Continue reading

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Mortgage Rates Barely Budge After Fed Announcement

Mortgage rates had an exceptionally boring day despite the presence of the Fed Announcement.  Major communications from the Fed (which include announcements, meeting minutes, and certain speeches) always have the potential to cause significant movement in mortgage rates.  Obviously, today’s … Continue reading

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Mortgage Rates Continue Pushing July Lows

Mortgage rates continued modestly lower for the 5th straight day, further extending Friday’s push to the lowest levels of July.  Even so, most borrowers will see the same rates on lenders quotes, with the improvements in the form of lower … Continue reading

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Mortgage Rates Finally Buck Trend

Mortgage rates bucked the recent trend of steady, modest improvements to end just slightly higher today.  That said, the move was just as small as most recent examples, and barely returns most lenders to last Friday’s rates.  At the time, … Continue reading

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Mortgage Rates Trickle Down to July Lows

Mortgage rates barely budged for an impressive 7th straight day.  Refreshingly, all but one of those days have seen rates budge slightly lower.  In fact, today’s budging was just enough to get the average rate to the lowest levels seen … Continue reading

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Mortgage Rates Grind Out Another Small Victory

Mortgage rates are looking like they’ve exhausted the playbook in terms of making big moves down the field, yet they continue to pick up a few yards every play.  Today was one of the less effective recent examples.  More than … Continue reading

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Mortgage Rates Continue Holding Ground, but For How Long?

Mortgage rates haven’t made any sudden moves recently.  Not only that, but most of the moves have been in a friendly direction this month.  There have only been 2-3 days of volatility surrounding the Greek bailout negotiations (European bond market … Continue reading

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Mortgage Rates Back to 2 Week lows

Mortgage rates reversed course today, getting back in line with the recent trend of slow, steady improvements.  The average lender is now back in line with their best offerings in more than 2 weeks.  This puts the most prevalent conventional … Continue reading

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Mortgage Rates Staying Calm to Begin Week

Mortgage rates did move microscopically higher today, but that’s about the worst thing to be said about them.  In fact, it’s one of the only things to be said about rates anywhere!  The bond markets that underlie mortgage rate movement … Continue reading

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