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 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 […]

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 Unchanged Heading Into Fed Week

Mortgage rates were unchanged today, holding onto modest improvements seen yesterday. In many ways, the past 2 days have confirmed that rates are in limbo near the lower end of the post-election range. To be sure, they were definitively lower in mid-April, but they’re much closer to recent lows than highs. More importantly, current levels […]

Mortgage Rates End Week Roughly Unchanged

Mortgage rates were sideways to slightly higher this week as global financial markets braced for volatility surrounding this weekend’s French election. While it may seem like a world away from the domestic mortgage market, events that potentially impact the stability of the European Union have a strong track record of filtering through to movement in […]

Mortgage Rates End Week Little-Changed

Mortgage rate were unchanged to slightly lower today. Once again, the actual change you see will depend heavily on the lender in question. Most are fairly close to yesterday’s latest levels but a few are noticeably better or worse. In general, those who deviated from “unchanged” today, did so in a friendly direction. This was […]

Mortgage Rates at 2 Week Lows Amid Political Uncertainty

Mortgage rates were steady-to-slightly lower today, keeping them in line with the lowest levels in 2 weeks and very close to the lowest levels of the month. For most lenders, that means conventional 30yr fixed rate quotes of 4.25% on top tier scenarios. Some lenders are still up at 4.375% and an aggressive few are […]

Rates and Potential Volatility Are Much Higher Than Last Week

Mortgage rates were only modestly higher today, extending the recent losing streak to its 4th straight day. This keeps the average conventional 30yr fixed at 4.25% for top tier scenarios. Before that, it averaged 4.125% for most of February. Bond markets (which dictate interest rates) are taking their cues primarily from Fed rate hike expectations. […]

Mortgage Rates Slightly Lower to End Week

Mortgage rates moved lower for a 2nd straight day. This helps undo virtually all of the damage done by the first 3 days of the week. In other words, today’s rates are right in line with last Friday’s after having been noticeably higher for the past 4 days. There were no significant economic reports or […]

Rates Remain Lower vs Last Week Despite Rising Today

Mortgage rates continued higher today, bringing them back in line with Monday’s levels. Part of the rise was due to weaker trading levels in bond markets. Just as important is the fact that many lenders didn’t raise rates yesterday afternoon as the bond weakness began (weaker bond markets imply higher rates). In other words, unless […]