Mortgage Rates End Week at Lowest Levels Since December 18th

Back on December 18th, rates began the day fairly close to where they ended the previous day. In the afternoon, rates surged sharply higher following the Fed announcement. Even since then, the average 30yr fixed rate has operated almost exclusively above 7%.  Rates dipped a pinky toe into the 6

Mortgage Rates Casually Drift Back to 2 Month Lows

It was a fairly decent day for mortgage rates with the average lender returning to the lowest levels in just over 2 months. The improvement followed early morning comments from Treasury Secretary Scott Bessent regarding the probable mix of future Treasury debt. What's that got to do with mortgage ra

Mortgage Rates Unchanged After Mid-Day Changes

It was almost a mildly interesting day as rates started out slightly higher.  To be fair, even that would not have been too interesting because the move was so small that most rate quotes would have been unaffected.  Still, just to be sure to avoid any and all excitement, rates received a

Mortgage Rates Bounce Back Up

Mortgage lenders were unable to update their rates yesterday as the bond market was closed for the Presidents Day holiday.  Three day weekends can occasionally result in extra volatility on the first day of the new week because--in many cases--the rest of the world's financial markets continue