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Mortgages Stories

Mortgage Rates Back Near 2-Month Lows

Mortgage rates moved lower today, generally recovering the losses seen last Friday.  This brings many lenders back in line with the lowest levels since November 17th, although last Wednesday (Jan 11) was slightly better on average.  There hasn’t been enough volatility to … Continue reading

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Mortgage Rates Back Near 2-Month Lows

Mortgage rates moved lower today, generally recovering the losses seen last Friday.  This brings many lenders back in line with the lowest levels since November 17th, although last Wednesday (Jan 11) was slightly better on average.  There hasn’t been enough volatility to … Continue reading

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Mortgage Rates End Week at Highs

Mortgage rates moved higher today, even after many lenders offered mid-day improvements in the afternoon.  Bond markets (which underlie rate movement) reacted negatively to this morning’s economic data.  The biggest report of the morning–Retail Sales–was slightly weaker than the median forecast.  Typically, … Continue reading

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Mixed Bag For Mortgage Rates Amid Market Volatility

Mortgage rates were mixed today, depending on the lender.  Discrepancies between lenders have been higher than normal over the last 24 hours for several reasons.  This began yesterday when bond markets improved enough for many (but not all) lenders to offer mid-day … Continue reading

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Mortgage Rates Lowest in Nearly 2 Months

Mortgage rates fell today, in many cases to levels not seen in well over a month.  The average lender was just a hair better than last Thursday, meaning you’d have to go back to November 17th to see anything better. 4.125% is … Continue reading

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Mortgage Rates Staying Steady in New, Lower Range

Mortgage rates were slightly higher today, but remain in much better shape overall when compared to the last month of 2016.  In many ways, the new year marked a shifting of gears for rates, or rather, the bond traders whose actions dictate … Continue reading

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Mortgage Rates Recover Most of Friday's Losses

Mortgage rates recovered much of Friday’s losses today, moving back near the lowest levels in more than a month.  To be fair, that’s a claim they could have made on Friday, which was still the 2nd best day in a month … Continue reading

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Mortgage Rates Higher, But Still in Good Shape After Jobs Report

Mortgage rates moved moderately higher today after the Employment Situation Report (aka “the jobs report” or simply “NFP,” after its trademark component “non-farm payrolls”).  This was a bit counterintuitive considering headline job growth was slower than expected.  Closer inspection reveals that … Continue reading

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Rates Moved Even Lower Today Than You May Have Heard

It’s Thursday and thus time, once again, for the weekly mortgage rate survey from Freddie Mac. Over time and in the bigger picture, Freddie’s survey is an accurate way to track broad trends in rates. But because it primarily captures … Continue reading

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Mortgage Rates Slightly Lower to End 2016

Mortgage rates moved lower for a 3rd consecutive day to end 2016, bringing them to the lowest levels in more than 3 weeks for many lenders.  December 8th was the last time rates were lower.  As of yesterday, 4.25% regained the status of … Continue reading

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