Articles from April 2017



Mortgage Rates Fighting to Stay Near 2017 Lows

Mortgage rates moved lower today, following a policy announcement from the European Central Bank (ECB). Some investors were concerned the ECB might begin sprinkling in clues about rate hikes or an early end to bond buying programs, but there was no such drama in the announcement or the press conference that followed. If you’re not […]

Mortgage Rates Unchanged Heading Into Fed Week

Mortgage rates were unchanged today, holding onto modest improvements seen yesterday. In many ways, the past 2 days have confirmed that rates are in limbo near the lower end of the post-election range. To be sure, they were definitively lower in mid-April, but they’re much closer to recent lows than highs. More importantly, current levels […]

Mortgage Rates Hold Ground After Tax Plan Release

Mortgage rates were relatively unchanged today, but only after averaging the disparate changes from various lenders. That means some lenders are in much better shape versus yesterday while others are noticeably worse. This sort of disparate movement isn’t typical of mortgage rates across lenders, but it can happen when underlying bond markets experience volatility on […]

Mortgage Rates Highest in 2 Weeks

Mortgage rates moved moderately higher again higher today, as global financial markets continued reacting to recent geopolitical flashpoints (like the French election, discussed yesterday). Markets are also moving in anticipation of future flashpoints (like tomorrow’s tax reform announcement). In general, investors have piled back into riskier assets like stocks because the French election reduces long-term […]

Mortgage Rates Slightly Higher After French Election

Mortgage rates moved moderately higher today, and most of the blame goes to the presidential election in France. If you’re wondering what European politics have to do with mortgage rates in the US, you’re not alone. While it certainly isn’t the first thing that comes to mind when thinking about what’s motivating rates, its impact […]

Mortgage Rates Hold Near Lows Despite Market Weakness

Mortgage rates were steady to slightly higher today, depending on the lender, despite bond market weakness. Typically, bond market weakness results in rates moving higher, but the timing of market movements can be important. Specifically, yesterday saw bond markets move to their best levels of the day in the afternoon–too late in the day for […]

Mortgage Rates Up Modestly From 5-Month Lows

Mortgage rates moved higher today as global financial markets shifted ahead of this weekend’s election in France. One of the candidates–Le Pen–is a populist whose victory is seen as potentially destabilizing the entire EU. Whether or not that’s actually the case remains to be seen, but for now, stocks and rates have generally moved higher […]

Mortgage Rates End Week Roughly Unchanged

Mortgage rates were sideways to slightly higher this week as global financial markets braced for volatility surrounding this weekend’s French election. While it may seem like a world away from the domestic mortgage market, events that potentially impact the stability of the European Union have a strong track record of filtering through to movement in […]

Mortgage Rates Fairly Steady Near 2017 Lows

For the third day in a row, mortgage rates set new 2017 lows this morning. But as bond markets weakened into the afternoon, several lenders recalled rate sheets for “negative reprices.” This brought the afternoon’s rate sheet offerings back in line with those seen on Thursday afternoon. Although that’s slightly worse than this morning, rates […]

Rates Pushing Deep Into Post-Election Range

After stumbling just slightly yesterday, mortgage rates returned to their recent habit of setting new 2017 lows today. At this point, we’re getting closer and closer to post-election lows. You’d have to go all the way back to November, 14th 2016 to see anything lower. In specific terms, even more lenders have joined the majority […]