Mortgage Rates Back to 2017 Lows on Trump Tweet

Mortgage rates dropped today after news broke (first rumors, then confirmation via Twitter) that President Trump was disbanding his councils of CEOs. The move apparently came in response to attrition among several CEOs following Trump’s press conference on recent events in Charlottesville, VA. In not so many words, Trump disbanded the councils before any more […]

Mortgage Rates Give Back Some of Yesterday's Gains

Mortgage rates had their first great day in several weeks yesterday, but ended up giving back some of those gains today. Bond markets that underlie interest rates took their cues from central bank statements. In Europe, unnamed officials suggested the European Central Bank (ECB) would announce a plan to decrease its bond buying in September. […]

Mortgage Rates Back at 2-Week Lows

Compared to yesterday, mortgage rates are either a little bit higher or lower depending on the lender at the moment. On average, they’ve inched just past last Friday’s levels, meaning they’re the lowest in 2 weeks . As nice as that sounds, it’s worth noting that we’re really splitting hairs here. Most anyone pricing out […]

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 unseat 4.125% as the most prevalent 30yr fixed “note rate” on top […]

Mortgage Rates Jump Back to Highs

Mortgage rates may have caught a break yesterday , but today is a different story. Or perhaps it’s a different kind of break… a bad one… more of a compound fracture really. Not only did rates resume their move higher, but they skipped right to new 2016 highs, albeit by only a small margin. In […]

Mortgage Rates Bounce Back to 4-Month Highs

Mortgage Rates remained under pressure today, moving right back to the highest levels in more than 4 months after only one day of recovery. This might not have been readily apparent on most of the day’s rate quotes because things didn’t deteriorate meaningfully until late in the afternoon. In fact, for several lenders, it was […]

Mortgage Rates Fall Back Into Range

Mortgage Rates were in a bit of a pickle on Friday afternoon. The big jobs report had just come out slightly weaker than expected, yet rates didn’t improve as they normally would, following such data. In fact, underlying bond markets were pointing toward HIGHER rates by the end of the day. We were left to […]

Mortgage Rates Back in Familiar Range For Now

Mortgage Rates did one of two things today, depending on the lender in question. Some lenders simply held in line with yesterday’s latest levels (in other words, they were ‘unchanged’ on the day). Other lenders had some ground to make up because they maintained more conservative pricing. This second group kept rates a bit higher […]

Mortgage Rates Battle Back From Recent Highs

Mortgage Rates were briefly at their highest levels in several weeks on Friday afternoon. This followed comments from the Fed’s Jackson Hole symposium. Markets interpreted those comments as the Fed being more likely to hike rates in 2016–possibly even twice! While mortgage rates are based on MBS (mortgage-backed-securities), as opposed to the Fed Funds Rate […]

Mortgage Rates Back to August Lows

Mortgage rates improved again today , bringing them back in line with the lowest levels of the month. Considering that today is only the 10th day of the month, that might not mean too much, but indeed today’s rates are right in line with lowest levels in more than 30 days. Increasingly, lenders are able […]