Mortgages Stories

Mortgage Rates improved moderately today as European turmoil continues to benefit domestic interest rates.  Yesterday’s late news of a $2 bln trading loss at JP Morgan also contributed to the overnight gains in broader bond markets, but it has been lingering … Continue reading →

Mortgage Rates were generally unchanged today, keeping them near their recent and all-time lows.  Lately, mortgage rates have been holding increasingly steady despite fluctuations in US Treasuries.  That’s mostly been a frustration for rate watchers who’ve seen Treasuries creep lower … Continue reading →

Mortgages rates held steady for the most part today, despite relatively volatile movements in underlying markets.  Actually, the bond markets of which mortgage rates are a part, were not nearly as volatile as stock markets, although both sides were keen to … Continue reading →

Mortgages rates were able to scrape together some minor improvements today but continue to have an exceedingly tough time keeping pace with the rest of the interest rate world.  Slow-going gains aside, rates are still chipping away at some of their … Continue reading →

Mortgages rates continue to operate at their best levels since early February following Friday’s weaker-than-expected Employment Situation report.  There was effectively no change in most lenders’ rate sheet offerings versus Friday morning’s rates.  Even last week, there were no dramatic movements into … Continue reading →

Mortgages rates are at their best levels since early February following today’s weaker-than-expected Employment Situation report.  The improvement was moderate versus yesterday’s offerings and the 30yr Fixed Conventional Best-Execution Rate remains unchanged at 3.875%.  That means that today’s improvements would be … Continue reading →

Mortgages rates are unchanged to slightly higher today.  The change is so minimal that for all intents and purposes, you might as well consider rates “unchanged.”  This is a rather remarkable accomplishment considering tomorrow’s Jobs report because it means that, on … Continue reading →

Mortgages rates are unchanged to slightly lower today, after shying away from multi-month lows yesterday.  A weaker than expected employment report helped underlying rates markets start the day off in good territory, but further progress was elusive.  The net effect was … Continue reading →

Just before reaching fresh multi-month lows, Mortgages Rates rose slightly today after a stronger than expected read on the manufacturing sector.  Overall, rates continue to operate at the same “best-execution” level of 3.875% and today’s deterioration would instead be seen in … Continue reading →

Mortgages Rates are moderately improved to begin the week, taking them slightly lower than than April’s best two days (4/10 and 4/23) and as close as they’ve been to all-time lows in several months. This further solidifies the Conventional 30yr Fixed Best-Execution … Continue reading →