Mortgage Rates Lowest in More Than a Month

Mortgage rates fell fairly quickly today as investors adjusted bond market holdings for the new month (higher demand for bonds coincides with lower rates). Money managers have to hold a certain mix of bonds by the end of any given month and are then free to adjust holdings as the next month begins. This adjustment […]

Mortgage Rates Lowest in More Than a Month

Mortgage rates improved today, hitting the lowest levels in more than a month. Bond markets (which underlie mortgage rates) generally improved last week as the new administration’s ability to get policy changes through Congress was called into question by the breakdown of the new healthcare bill. As of last week, there was some hope that […]

Mortgage Rates Lowest in Nearly 2 Months

Mortgage rates fell today , in many cases to levels not seen in well over a month . The average lender was just a hair better than last Thursday, meaning you’d have to go back to November 17th to see anything better. 4.125% is still the most prevalent conventional 30yr fixed rate on top tier […]

Mortgage Rates Lowest in Weeks

Mortgage rates improved slightly to begin 2017, bringing them to the lowest levels in nearly a month, on average. December 8th was the last time rates were lower. During December, conventional 30yr fixed quotes were straying into the 4.375%-4.5% territory for many lenders. Now, nearly every lender is back down to 4.25% at least, with […]

Mortgage Rates Lowest in 2 Weeks After Treasury Auction

Mortgage rates moved lower today following back-to-back afternoons of improvements in underlying bond markets. Yesterday afternoon was only slightly stronger. It didn’t result in many lenders offering mid-day improvements in rate sheets. Today, however, multiple lenders put out positive reprices after a well-received Treasury auction indicated strong investor demand in the bond market (higher demand […]

Mortgage Rates Lowest in a Week

Mortgage rate s continued lower today. While the pace of improvement was slightly slower, it was enough to get the average lender rate sheet back to levels seen last Tuesday. That makes this the first time since before the election that rates haven’t been significantly higher week-over-week. It’s also the first time in more than […]

Mortgage Rates Lowest in Nearly 2 Weeks

Mortgage Rates were lower again today, after the European Central Bank (ECB) avoided sending any scary signals about tapering its asset purchases. Much like the Fed conducted quantitative easing (QE) in the US by buying US-based bonds, the ECB has been buying various European bonds under its own easing program. In both cases, the effects […]

Mortgage Rates Lowest in Weeks

Mortgage Rates continued steadily lower today, adding to a string of improvements that brings them to their best levels in more than 2 weeks. Rates have now re-entered the narrow “post-Brexit” range that began shortly after the UK’s vote to leave the European Union sent rates plunging toward all-time lows. Our current position is precarious […]

Mortgage Rates Lowest in Several Weeks

Mortgage Rates moved lower today at a slightly better pace than the recent norm. That’s not saying much in the bigger picture, because “the norm” has been almost zero movement in either direction for several weeks. Such a narrow range makes it possible to move from the high end to the low end with relatively […]

Mortgage Rates Lowest in More Than a Week

Mortgage rates moved modestly lower today. Given that rates had spiked last Wednesday and haven’t moved too much since then, today’s improvement was enough to get rates to the best levels seen since last Tuesday. That might sound odd or ironic in light of today’s widely-circulated mortgage rate data from Freddie Mac. Freddie says that […]