Mortgage Rates Give Back Only Some of Friday’s Gains

Mortgage rates moved slightly higher today, erasing only some of the massive improvements seen after last Friday’s jobs report. In general, most lenders moved one-eighth of one percentage point lower in rate on Friday. Today’s weakness isn’t enough to raise rates by an eighth of a point, so instead, the weakness comes in the form […]

Mortgage Rates Only Modestly Higher Despite Market Volatility

Mortgage rates were slightly higher today, but did a good job of holding their ground considering the volatile market conditions. Rates take their cues from the trading prices of mortgage-backed-securities (MBS), which tend to move in concert with US Treasuries. News of China’s surprise rate cut sent Treasury yields much higher overnight and caused MBS […]