Mortgage Rates Tick Slightly Higher. More Volatility in Store Tomorrow

Any recap of financial news headlines will likely mention Fed Chair Powell's congressional testimony today.  Some efforts could even be made to link today's rate movement to various Powell comments, but that's not what actually happened. The real story is that bonds (which dictate mortgage rate

Mortgage Rates Microscopically Lower to Start New Week

Mortgage rates have been on a vacation from volatility since January 16th when they fell back toward 7% after hitting the highest levels since May 2024. Top tier 30yr fixed rates have operated inside a 0.13% range since then and a narrower 0.08% range for the past 2 weeks.  Today was technicall

Mortgage Rates End Week Lower Despite Friday's Modest Bounce

Friday brought the release of the big jobs report which is historically more likely than any other monthly economic report to cause the biggest pops or drops. Today's installment can be filed under the "pop" category, but it was so quiet, you might not even hear it. In fact, the drop in rates seen e

Mortgage Rates Mostly Maintain Wednesday's Strength

Yesterday was notable for being the first day in more than a week to offer any excitement for rates.  More notably, that excitement was the good kind.  The average lender moved back under 7.00% for top tier conventional 30yr fixed rates for the first time since December 17th, even if only