Mortgage Application Activity Evaporates as Data Catches Up With Rates
The Mortgage Bankers Association (MBA) didn't publish updated weekly application numbers last week, which meant that this week's data had to play catch up with…
Tag: Rates
Mortgage Rates Jump Sharply Higher After Jobs Report
Mortgage rates were already at 6 month highs earlier this week so it didn't take much of a push to send them up to new…
Mortgage Rates Slightly Higher to Start New Week
Mortgage rates rose to the highest levels since May 2024 by the end of last week following a stronger reading on the jobs report. Technically,…
Mortgage Rates Make a Modest Recovery Ahead of Important Inflation Data
Mortgage rates officially hit the highest levels since May 2024 yesterday, even though the average was almost imperceptibly higher than last Friday's. We saw a…
Mortgage Applications Improved Even as Rates Moved Higher
There hasn't been meaningful change in economic data that measures activity in the housing and mortgage markets. In a nutshell, activity has been drifting along…
Mortgage Rates Drop Back to Last Week’s Levels After Softer Inflation Data
We knew that today's Consumer Price Index (CPI) was a hotly anticipated economic report that at least had the potential to give rates a big…
Mortgage Rates Back Down to Lowest Levels in 2 Weeks
After having a great day yesterday, mortgage rates were able to add another "good" day today. The net effect brings the average lender's top tier…
Uneventful Day For Mortgage Rates
Mortgage rates are driven by the bond market and Friday was the least active day of the week for bonds. There were no major economic…