Did Rates Have Anything to do With Big Surge in Home Sales?
New home sales surged in August, breaking a two-year stretch of range-bound activity. The Census Bureau and HUD reported a…
Tag: Rates
Mortgage Rates End Week as it Began
Last week was a wild one for mortgage rates with the lowest levels in nearly a year on Monday and…
Mortgage Rates Slightly Higher After Upbeat Economic Reports
Thursday was the first day of the week with any meaningful economic reports. This is important to mortgage rates because…
Mortgage Rates Fairly Flat Despite Bond Market Volatility
Over time, mortgage rate movement lines up almost perfectly with movement in the underlying bond market, but there can be…
Mortgage Rates Little Changed on Tuesday
Mortgage rates are based on bonds and bonds take their most important cues from big ticket economic reports. But such…
Mortgage Rates Roughly Unchanged to Start New Week
After hitting the lowest levels in nearly a year (and nearly the lowest levels in 3 years) last Tuesday, rates…
Builders Counting on Lower Rates to Break the Traffic Jam
Builder confidence levels continued kicking a sad little can down the same long and lonesome road. The September National Association…
Mortgage Rates Finally Level Off After 2-Day Rout
Officially, our daily mortgage rate index is a hair lower today than it was yesterday. Your mileage may vary depending…
Mortgage Rates HIGHER (Not Lower) After Fed Rate Cut
Several things happen on Fed Day–especially on the 4 out of 8 examples with updated rate forecasts from Fed members. …
Federal Reserve lowers interest rates by 0.25 percentage points in first cut since December
The Federal Reserve on Wednesday lowered its benchmark interest rate by 0.25 percentage points — its first cut since December…