Mortgage Rates Higher Despite Friendly Market Movement

Mortgage rates are largely dictated by movements in bond markets–specifically mortgage-backed securities (MBS). When bonds improve, prices rise and investors are willing to pay more to buy loans. This results in rates moving lower. In other words, bond market improvement = lower rates. With all of that in mind, today is a bit of a […]

Mortgage Rates Bounce Higher

Mortgage rates saw their biggest bounce higher in more than a week today as domestic bond markets (which dictate rates) followed a much bigger move in European bond markets. The European move can be traced to comments from European Central Bank President Mario Draghi depending on the lender. In a nutshell, his comments sounded like […]

Mortgage Rates Continue Modestly Higher

Mortgage rates moved higher for the second straight day amid a general lack of actionable information. Some investors noted that the results of the elections in the U.K. were surprising, but not in a way that was any help to interest rates. In general, rates found most of their motivation from the absence of significant […]

Rates Edge Higher Ahead of Jobs Report

Mortgage rates gave back yesterday’s gains this morning following a stronger-than-expected employment report from ADP. While this is not the week’s biggest jobs report, investors view it as one of several early indicators of the official Employment Situation (the big jobs report that comes out tomorrow morning). In general, stronger economic data (i.e. more job […]

Mortgage Rates Higher, Volatility Looms

Mortgage rates continued higher for the 2nd straight day after hitting the lowest levels in more than 7 months earlier this week. Wednesday’s big move lower was a direct result of political headlines relating to potential wrongdoing in communications between Trump and former FBI Director Comey concerning the FBI’s investigation into former National Security Advisor […]

Mortgage Rates Continue Slow Trend Higher

Mortgage rates haven’t necessarily moved higher every day recently. For instance, yesterday’s rates were unchanged versus last Friday’s. But the general trend has unquestionably been toward higher rates . In fact, rates have only moved lower on 3 out of the past 15 business days. While that sort of losing streak sounds fairly unpleasant, the […]

Mortgage Rates Moved Higher This Afternoon

Mortgage rates were steady to slightly higher again today, making it the 13th out of the past 16 business days without an improvement. The situation was more palatable earlier this morning and quite a few lenders were actually in better territory vs yesterday. As the day progressed, bond markets (which dictate mortgage rates) deteriorated, resulting […]

Mortgage Rates Higher Ahead of Jobs Report

Mortgage rates moved higher today, bringing them back in line with the highest levels in nearly a month. That sounds a bit worse than it actually is, due to the narrow range of rates over that time. In fact, most prospective borrowers would be quoted the same rate as yesterday, with the only difference being […]

Mortgage Rates Unchanged to Slightly Higher

Mortgage rates were unchanged to slightly higher today, keeping them in line with the previous 4 business days. This 5-day block stands out from the previous trend that had taken rates generally lower since the middle of March, ultimately hitting the best levels of the year on April 18th. At the time, a majority of […]

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 […]