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 […]

Rates Cap Impressively Sideways Week Near Long-Term Lows

Weeks like this are the reason that some mortgage rate analysis is only done once a week. There haven’t been any significant developments in financial markets–at least not as far as bonds (which dictate rates) have been concerned. And there certainly hasn’t been any significant movement in mortgage rates themselves. In fact, with the exception […]

Rates Fall Slightly to Remain Near 8-Month Lows

Mortgage rates were steady to slightly lower today, with underlying bond markets essentially erasing the damage seen yesterday. This was neither here nor there for the mortgage world as most lenders didn’t adjust rates much higher yesterday (despite bond weakness). Thus, they didn’t have much to do today when bonds strengthened. In general “bond market […]

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 […]

Rates Near 2-Week Lows as Risks Increase

Mortgage rates improved modestly today as lenders caught up with yesterday afternoon’s market movements. Most lenders will issue mid-day changes in rate sheets (“reprices”) when bond markets make a big enough move in one direction or the other during the day. Sometimes, this movement doesn’t happen until the afternoon hours (which was the case yesterday). […]

Mortgage Rates Sideways Near Long-Term Lows

Mortgage rates remained relatively unchanged again today. This continues the sideways trend leading into Memorial Day weekend. As the current week progresses, we can expect to see volatility increase thanks to the presence of more significant economic data. In general, bond markets (which underlie mortgage and other rates) react to strength or weakness in economic […]

Mortgage Rates Fighting to Stay Near 2017 Lows

Mortgage rates moved lower today, following a policy announcement from the European Central Bank (ECB). Some investors were concerned the ECB might begin sprinkling in clues about rate hikes or an early end to bond buying programs, but there was no such drama in the announcement or the press conference that followed. If you’re not […]

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 Fairly Steady Near 2017 Lows

For the third day in a row, mortgage rates set new 2017 lows this morning. But as bond markets weakened into the afternoon, several lenders recalled rate sheets for “negative reprices.” This brought the afternoon’s rate sheet offerings back in line with those seen on Thursday afternoon. Although that’s slightly worse than this morning, rates […]