Mortgage Rates Sideways to Slightly Lower

Mortgage rates have been so little-changed in recent days that yesterday’s coverage wouldn’t need to be changed in order to apply perfectly today. Indeed, the 3rd paragraph is a word-for-word repeat. To be fair though, we would need to update yesterday’s reference to “especially over the past 5 days.” That “5” would now be a […]

Mortgage Rates are Barely Budging (And That's Great!)

Mortgage rates have been locked in an exceptionally narrow range for most of the month of June, but especially over the past 5 days. Given that mortgage rates are determined by the bond market where trading levels move constantly throughout the day, it can be useful to consider what’s been happening with those trading levels. […]

Mortgage Rates Fairly Steady to Begin Week

Mortgage rates were mostly flat again today, despite bond market weakness (lower bond prices generally mean higher rates). Between MBS (the mortgage-backed-securities that underlie mortgage rate movement) and US Treasuries (the risk-free benchmark for all US debt/bonds), the latter fared worse. In other words, mortgage bonds outperformed Treasuries. That’s one of the reasons we didn’t […]

Recent Mortgage Rate Stability Could Change Tomorrow

Mortgage rates moved modestly higher today, for most lenders. This had more to do with yesterday’s market movement than today’s. Bond markets were weakening yesterday afternoon (which typically results in rates moving higher). But the weakness came too late in the day for most lenders to bother with reissuing rate sheets. Instead, they waited for […]

Mortgage Rates Holding Most of Their Recent Gains

Mortgage rates were flat today, after weaker-than-expected construction data prompted a positive bounce for bond markets. In general, bonds (which dictate mortgage rates) improve when economic data is weaker. Before this morning’s data, rates were at risk of coming out slightly higher compared to yesterday’s latest offerings. By holding flat, rates remain very close to […]

Mortgage Rates Bounce, But Remain Near Recent Lows

Mortgage rates rose moderately today, as bond markets generally bounced back from the best levels in 8 months yesterday. Despite the bounce, rates are still in line with their best levels of the year. Only a handful of days have been any better and most of them have been in the past 2 weeks. We […]

Mortgage Rates Steady-to-Higher as Busy Week Begins

Mortgage rates were either flat or slightly higher , depending on the lender today. Movement in underlying bond markets suggested a modest increase in rates, but it came too late in the day for most lenders to respond with a mid-day rate change. As such, rates SHOULD be slightly higher, all other things being equal. […]

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 […]

Mortgage Rates Rise Modestly From 2017 Lows

Mortgage rates rose modestly today after spending 2 days at the best levels in nearly 8 months. Financial markets were tuned in to several key events with the power to cause volatility for rates today. Of these, the Senate testimony of former FBI Director Comey probably had the biggest spotlight. Rates were already coming under […]

Mortgage Rates Unexpectedly Fall to 2017 Lows (Again)

Mortgage rates unexpectedly fell to new 7-month lows today, following bond market gains in the overnight hours (Asian and European trading sessions). Interest rates are driven by bond markets. The latter is part of an ecosystem of “risk” associated with the entire financial market. At times, most of that broader market will collectively move toward […]