Mortgage Rates Roughly Unchanged Versus Friday’s Lows
After bottoming out around 6.5% in late June, mortgage rates moved steadily higher this month, ultimately hitting 6.85% last Thursday–the…
Tag: Mortgage
Mortgage Rates Recover Modestly From Long-Term Highs
If you’re just tuning in, mortgage rates had a rough day yesterday on top of a rough week overall. The…
Mortgage Rates Inch Up to 11-Month High
We have bad news and slightly less bad news. Starting with the latter, today’s mortgage rates are only marginally higher…
Mortgage Rates Bouncing Higher to Start The Week
Last week ended on a promising note with Friday’s rates falling just barely below the previous Friday’s levels. This was…
Mortgage Rates Stage Moderate Recovery From Long-Term Highs
Our daily 30yr fixed rate index hit 6.75% yesterday. This matched the high from May 19th and is the highest…
Mortgage Rates Near 1-Year Highs
Interest rates are based on bonds. Because the bonds underlying the average mortgage are fixed rate, inflation is the enemy.…
Mortgage Rates Back Up Near 10-Month Highs
Mortgage rates have moved higher at a moderate pace over the past 2 days as tensions between The U.S. and…
Mortgage Rates Start New Week Flat
Volatility is always a risk surrounding 3 day holiday weekends when it comes to markets and mortgage rates, but this…
Mortgage Rates Recover Somewhat
Today is a half day for financial markets, which is a typical feature of a federal holiday weekend. Because tomorrow…
Mortgage Rates Jump to Highest Levels in a Week
In a real sense, today’s rate update is more of an addendum to yesterday’s rate update. Yesterday afternoon saw heavy,…