Mortgage Rates Little-Changed Near Recent Highs

Mortgage rates improved somewhat today, on average, but the gains were modest. Some lenders were unchanged from Friday afternoon’s latest levels. That leaves us essentially in line with the highest rates since early April, after having been at 8-month lows just 2 weeks ago. From 8-month lows to 3-month highs is an abrupt move taken […]

Mortgage Rates Holding Near 3-Month Highs

Mortgage rates didn’t move much higher today for most lenders. While that absence of additional weakness is “nice,” the net effect is that rates remain in line with their worst levels since early April. Technically, there was a day or two in early May that were slightly worse, but not enough to consider today’s rates […]

Mortgage Rates Leak to 1-Month Highs

It’s been slow and steady, to be sure, but mortgage rates finally inched their way up to the highest levels in more than a month today, depending on the lender. Some rate sheets were in line with April 9/10th levels while a few lenders were back in territory not seen since March 31st. Interestingly enough, […]

Mortgage Rates are Actually NOT at 2017 Highs

Mortgage rates are right in line with yesterday’s levels , and yesterday saw rates fall at the fastest pace of the year, ultimately reaching the lowest levels in more than a week. As such, today’s rates are still the lowest in more than a week! You might not know that if you happened to hear […]

Mortgage Rates Approach 3-Year Highs Ahead of Fed

Mortgage rates rose for the 10th time in the past 11 days today, bringing them very close to highest levels in 3 years. You’d have to go back to April 30th, 2014 to see the average lender offering higher rates. The most common conventional 30yr fixed quote is easily up to 4.375% on top tier […]

Mortgage Rates Spike to 2017 Highs

Mortgage rates spiked, big-time, today. Underlying bond markets had already moved higher in rate overnight, but the trend was taken to a new level by an exceptionally strong employment report from ADP. Although this isn’t the big jobs report (we’ll get that on Friday), many market participants treat the ADP numbers as one of several […]

Mortgage Rates Keep Pushing 2017 Highs

Mortgage rates rose again today, bringing them further into the highest levels of the year. If there’s anything redeeming about the move it’s that it wasn’t nearly as abrupt as yesterday. In fact, several lenders were fairly close to yesterday’s offerings. The average lender is back up to 4.375% on top tier conventional 30yr fixed […]

Mortgage Rates Remain Near Recent Highs

Mortgage rates rose moderately today, keeping them in line with recent highs. The run to those highs took place largely over the past week as markets quickly adjusted their expectations for a Fed rate hike at next Wednesday’s meeting. As of last Thursday, market-implied probability was about as high as it ever gets. Similarly, rates […]

Mortgage Rates Approach 3-Week Highs

Mortgage rates rose for the 5th day in a row following a higher reading in this morning’s inflation data and an upbeat Retail Sales report. In general, stronger economic data and higher inflation motivate investors to move money out of the bond market. As demand for bonds falls, bond prices move lower and rates move […]

Mortgage Rates Remain at Recent Highs Despite Afternoon Bounce

Mortgage rates rose slightly today, on average, but performances varied by lender and depending on the time of day. Rates were higher across the board this morning as global bond markets added to yesterday’s weakness (weaker bond markets = higher rates, in general). Investors were on edge ahead of Trump’s inauguration address as there was […]