Highest Rates This Week, But Close Enough to Long Term Lows
Friday proved to be the weakest day of the week for the underlying bond market and, thus, the highest day…
Tag: Lows
Refi Demand Surged as Rates Hit Longer-Term Lows
Mortgage application activity surged last week as sharply lower mortgage rates boosted refinance demand and gave purchase applications a modest…
Mortgage Rates Hold Near July Lows Ahead of Jobs Report
Mortgage rates went to bed last night knowing that the bond market would need to improve in the morning in…
High Prices and Rates Keep Home Sales Near Cycle Lows
Two months ago, existing home sales hit a five-month low. Last month’s report showed a minor rebound. This month’s update,…
Mortgage Rates Not Too Far From 8 Month Lows
Friday’s mortgage rates ended up being right in line with Thursday’s on average. At 6.72%, the MND daily rate index…
Existing Home Sales at 5 Month Lows
As is the case for the monthly data on New Home Sales from the Census Bureau, the National Association of…
Rates Are Getting Really Close to 4 Month Lows
After more than a week of consistent and meaningful improvement, mortgage rates finally showed us that they were at least…