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 […]

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 […]

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 […]

Low and Sideways, Mortgage Rates Play Waiting Game

Mortgage rates were slightly higher for the 3rd straight day, continuing a modest bounce back from the year’s lowest rates last Wednesday. In a nutshell, bond markets (which dictate mortgage rates) reacted in a big way to last week’s political headlines, and have since been biding their time as markets wait for further developments. In […]

Mortgage Rates Still Sideways and That’s Great!

Mortgage Rates , like most other interest rates, have seen record-setting levels of inactivity over the past 90 days. The Brexit vote in late June pushed rates to all-time lows and then the jobs report in early July pushed them back in the other direction. But after one week of correction, rates found themselves right […]

Mortgage Rates Continue Sideways Slide Ahead of Fed

Mortgage rates were unchanged again today, making three out of the past 4 days where rates haven’t budged and 6 out of the past 7 days where rates moved by 0.01% or less, on average. That’s an exceptionally narrow range, and it speaks to indecision in financial markets ahead of this week’s major central bank […]

Mortgage Rates Sideways to Slightly Higher

Mortgage rates remain under pressure over the past few weeks after hitting near-all-time lows in early July. With one exception, rates have been either sideways or higher every day since July 6th. In that time, they’ve moved up roughly an eighth of a point. Today would be easier to characterize as “sideways” for most lenders, […]

Mortgage Rates Continue Sideways for 3rd Straight Day

Mortgage rates were relatively steady again , marking the third straight business day with almost no rate movement following last week’s quick spike higher. That spike was all about financial markets quickly coming to terms with a higher probability of a Fed rate hike. Given that there hasn’t been any movement since then, we can […]

Mortgage Rates Sideways ahead of Fed

Mortgage rates remained in line with their highest levels in a month for the third straight day . The average lender is now quoting conventional 30yr fixed rates of 3.75% on top tier scenarios. Earlier this month, stronger lenders were as low as 3.5%, and the average had been 3.625% until late last week. Unlike […]

Mortgage Rates Sideways Again; Anxiety Builds

Mortgage rates maintained recent sideways momentum today, holding inside a narrow range established last week. This range is particularly interesting to mortgage rate watchers because it is very much in the middle of 2 distinct zones. One of those zone is the recently-achieved lows. Technically, these were the lowest levels in more than 2 years, […]