Mortgages Stories

Mortgage rates rose in the afternoon, after beginning the day unchanged to slightly higher compared to Friday afternoon.  That means lenders recalled their initial rate sheets from this morning and put out new sheets with higher costs.  This is typically … Continue reading →

Mortgage rates were significantly lower to start the day, and despite rising slightly in the afternoon, managed to end the week at the lowest levels since late May.  For borrowers hoping to exit the recent roller coaster of rate volatility … Continue reading →

Mortgage rates moved decidedly lower in most cases, bringing them to their lows of the week on average.  The bond markets that drive rate changes showed solid determination in spite of a batch of economic data that would normally suggest … Continue reading →

Mortgage rates moved higher today, keeping them locked in this week’s new, higher range.  The movement wasn’t enough to change the actual rate a borrower is likely to be quoted (conventional 30yr Fixed best-execution rate currently 4.125%).  Instead the day … Continue reading →

Mortgage rates moved lower today, recovering yesterday’s weakness and making it back inside the highs seen last Thursday.  The bond markets that most directly affect rates had a volatile day, starting in much worse shape, but ending in positive territory.  … Continue reading →

Mortgage rates continued higher today, further extending the push into fresh 15-month highs confirmed on Friday.   The secondary mortgage market didn’t lose any ground by the end of the session, but volatility trading conditions during the day, along with other … Continue reading →

Mortgage rates rose today.  They rose no more or less than any other “fairly bad” day in the history of mortgage rates, but at this particular point in history, they were already at 14-month highs and now they’re at 15-month … Continue reading →

Mortgage rates were mixed today, with different parts of the interest rate spectrum moving in different directions.  In other words, for borrowers buying their rate down below 4%, closing costs improved by a very small amount.  For rates above 4%, … Continue reading →

Mortgage rates were moderately higher today, taking most lenders into slightly higher territory than yesterday or last Tuesday (the two worst days recently).  Last Tuesday was the game-changer for rates, and every day since then has been in 14-month high … Continue reading →

Mortgage rates barely budged today, but only when comparing the most recent batch of rate sheets to Friday’s latest.  Between now and then, there’s been an exceptionally high level of volatility.  On the one hand, volatility has been and continues … Continue reading →