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 Uninspired at 9-Month Lows

Mortgage rates held near the lowest levels since November 2016 today, after a key economic report showed subdued inflation. The Consumer Price Index (CPI) is one of the most important metrics relied upon by the Fed when it comes to measuring the impact of its policies. In general, if inflation is increasing or running higher […]

Mortgage Rates Hold 2017 Lows Despite Market Volatility

Mortgage rates remained in line with 2017’s lows today, despite noticeable improvement in underlying bond markets. Under normal circumstances, bond market improvement equates fairly directly with mortgage rate improvement, but things aren’t exactly normal lately. On the simplest level, the timing of market movements over the past 2 days tells the story. The prices of […]

Mortgage Rates Still Struggling to Make Bigger Moves

Mortgage rates moved microscopically lower today, keeping them in line with the best levels in more than a month. The caveat is that there really hasn’t been much change during that time, so we’re measuring very small differences in average upfront costs among multiple lenders. This may or may not translate directly to any given […]

Mortgage Rates Unchanged vs Last Week

Mortgage rates were generally unchanged today, compared to Friday afternoon’s latest levels. Only a handful of lenders responded to strength in bond markets this afternoon by offering rate sheet improvements. That’s a mixed blessing as it leaves other lenders with more to work with tomorrow. In other words, we’ll be heading into the day with […]

Mortgage Rates Modestly Lower Despite Flat Markets

Mortgage rates moved modestly lower today, despite an absence of improvement in underlying bond markets. Rates typically rise in this scenario, but this pattern has been more and more common recently. It’s nothing too scandalous–or even terribly interesting. Lenders are simply less eager to follow every little juke and head-fake in bond markets when things […]

Mortgage Rates Tick Up After Jobs Report

While it was far from a dramatic move mortgage rates ticked slightly higher after today’s Employment Situation data, otherwise known simply as “the jobs report” or NFP (due to its headline component: nonfarm payrolls). On average, over time, NFP is the biggest market mover there is when it comes to economic reports. It’s no surprise […]

Mortgage Rates Lowest in Just Over a Month

Mortgage rates moved just slightly lower today, bringing them to the best levels in over a month for the 2nd time this week. While that sounds somewhat impressive, day-over-day movement has been very small and the overall range has been very narrow during that time. For most prospective borrowers, a scenario quoted last week would […]

Mortgage Rates Steady at Recent Lows

Mortgage rates held steady today, keeping them in line with the best levels in just over a month. That means the best-qualified borrowers putting more than 20% down are seeing conventional 30yr fixed rates of roughly 4%, depending on the lender. Some are quoting rates in the 3.75-3.875% range, but points and fees may vary. […]

Mortgage Rates Trickle to 1-Month Lows

Mortgage rates continued lower today, matching the best levels in just over a month. Prospective borrowers are increasingly seeing conventional 30yr fixed quotes in the high 3% range on top tier scenarios, though 4.00% is still more prevalent overall. Consumer rates are dictated by movement in underlying bond markets. The first day of any given […]