Rates Hold 2017 Lows Despite Market Weakness

Mortgage rates managed to hold in line with 2017’s lowest levels for a 2nd day, even though underlying bond markets suggested a move higher . That means the prices of mortgage-backed-securities (MBS–the bonds that dictate mortgage rates) were lower. When MBS prices are lower, it means investors are paying lenders less to buy mortgages. Lenders […]

Mortgage Rates Mostly Hold Last Week’s Gains

Mortgage rates were s teady to slightly higher today, largely maintaining the improvements seen last week. Underlying financial markets were calm and very few lenders adjusted rate sheets during the day. Last week’s gains happened all at once on Friday. They fully erased an entire week’s worth of rising rates. That said, most of the […]

Mortgage Rates Hold Mostly Steady Despite Market Weakness

Mortgage rates were generally unchanged today. This is actually quite an accomplishment if you ask the average bond market participant. Mortgage rates are largely determined by bond market movement (specifically, that of Mortgage-Backed Securities or MBS). In the bigger picture, bond markets weakened today. Normally, that would push mortgage rates higher, but today the damage […]

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 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 Hold Steady in Spite of Markets

Mortgage rates were steady to slightly lower today, even though bond market movement suggested a move higher. That’s interesting because mortgage rates are driven primarily by bond market movement. It’s not common to see the two moving in the opposite direction. So what gives? In today’s case, the discrepancy is pretty easy to explain. Bonds […]

Mortgage Rates Hold Fairly Steady to Begin Week

Mortgage rates were mixed today, depending on the lender, as well as the time of day. Earlier this morning, most lenders were quoting slightly higher rates compared to last Friday. As the day progressed, bond markets worked through some of the events that had been causing anxiety and trading levels improved. That paved the way […]

Mortgage Rates Hold Eerily Steady

Mortgage rates barely budged today, with most lenders offering the exact same quotes as yesterday. While we have seen a few days with similar day-over-day results recently, most of those involved intraday ‘reprices’ (i.e. lenders changing rates in the middle of the day in response to market movement). Today was the first day since the […]

Mortgage Rates Hold Steady at 17-Month Highs

Mortgage rates called in sick today, effectively doing nothing to move higher or lower from last Friday, on average. For the record, that means some lenders will have improved just slightly while others are in slightly worse shape. In all cases, the movement is relatively small. Average rates remain at the highest levels since July […]

Mortgage Rates Hold Eerily Steady

Mortgage rates held mostly steady today, as some lenders were just barely higher and others slightly lower than yesterday’s latest levels. With that, the damage seen on Wednesday is still very much intact, meaning that almost any scenario is now being quoted an eighth of a point higher in rate on the average conventional 30yr […]