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Mortgages Stories

Mortgage Rates Back Down to Last Week’s Range

Mortgage rates continued lower for a second straight day, ultimately making it back to levels not seen since last Tuesday.  Today’s improvements are partly an extension of yesterday’s reaction to the Fed Announcement, but also acknowledge the end of this week’s Treasury … Continue reading

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Mortgage Rates Helped by Fed Announcement

Mortgage rates caught a break today! After having moved sideways or higher for the past 7 days, and spending the last 3 at the highest levels in more than a month, rates finally moved lower, albeit modestly.  The friendly push came from … Continue reading

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Mortgage Rates Sideways ahead of Fed

Mortgage rates remained in line with their highest levels in a month for the third straight day.  The average lender is now quoting conventional 30yr fixed rates of 3.75%  on top tier scenarios.  Earlier this month, stronger lenders were as low … Continue reading

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Mortgage Rates Begin Week at Recent Highs

Mortgage rates didn’t move much, if at all, today.  That’s not exactly what we want to see right now considering they’re as high as they’ve been since the 2nd half of March.  The average lender has now moved up from quoting … Continue reading

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Worst Week For Mortgage Rates Since November

Mortgage rates continued higher today, solidifying this week as the worst one in quite a while.  Not since the first week in November have rates risen so quickly.  That said, the volatility might be a bit easier to stomach this time around–especially for … Continue reading

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Mortgage Rates Rise to New 1-Month Highs

Mortgage rates picked right up where they left off yesterday: pushing into the highest levels of the month.  This week has seen the fastest rise in rates since early March.  If we lose any more ground tomorrow, it could end up being … Continue reading

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Mortgage Rates Jump to Highest Levels in April

Mortgage rates jumped significantly higher today, relative to the almost perfectly flat trend that’s been intact for more than a week.  We were already a bit cautious due to yesterday’s underlying market weakness, but today’s move was far swifter than yesterday’s … Continue reading

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Mortgage Rates Unchanged Despite Market Pointing Higher

Mortgage rates held steady again today, despite some weakness in underlying bond markets.  When it comes to setting rates for the day lender rate sheets almost always follow the movement in the underlying bond market (specifically, mortgage-backed securities, which tend … Continue reading

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Mortgage Rates Hold Steady Despite Market Volatility

Mortgage rates held steady today, leaving them just off the lowest levels in nearly three years.  Market conditions were somewhat volatile surrounding a weekend meeting in Doha regarding potential changes in oil output.  Oil prices fell precipitously to begin the … Continue reading

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Mortgage Rates End Week Just Off Recent Lows

Mortgage rates improved slightly today, bringing them back toward the lowest levels in nearly three years. With all of the headlines to that effect yesterday, it’s worth taking a moment to clear up. The only mortgage rates that officially hit … Continue reading

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