Mortgage Rates Oh So Close to 3 Year Lows
When the administration announced that Fannie and Freddie would be buying mortgage-backed securities in early January, rates fell sharply to…
Tag: Rates
Mortgage Rates Slide to New Multiweek Lows
Just one day after an incredibly strong jobs report–something that would normally create problematic upward momentum for rates–the average lender…
Modest Increase in Rates is a Win. Here’s Why
Modest Increase in Rates is a Win. Here’s Why Mortgage rates moved 0.03% higher today. On almost any…
Lowest Mortgage Rates in More Than 3 Weeks
Mortgage rates fell on Tuesday following a downbeat Retail Sales report. At 0.05%, it was the largest single-day drop since…
Mortgage Rates Roughly Flat to Start The Week
The past 2 weeks have seen very little volatility for mortgage rates. After being near 6% for a week in…
Mortgage Rates Match Lowest Levels in Over 2 Weeks
In the bigger picture, the past two and a half weeks have been marked by a very narrow range in…
Mortgage Rates Fall After Downbeat Employment Data
Mortgage rates are driven by bonds and that bonds care about employment data. There are quite a few different economic…
Mortgage Rates Hold Perfectly Steady at 2-Week Highs
The average top tier 30yr fixed mortgage rate hit its highest levels in 2 weeks yesterday. The caveat was that…
Mortgage Rates Drift Up to 2-Week Highs
The bad news: mortgage rates moved up to their highest levels in 2 weeks today. The good news: the rate…
Mortgage Rates Only Modestly Higher Despite Bond Market Weakness
Weakness in the bond market generally means higher mortgage rates. Today was no exception. A key economic report on the…