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 reports to cause rapid changes in trading levels. As such, mortgage rates started out very close to the levels seen yesterday and most lenders didn't make any mi

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 30yr fixed rate back down to levels last seen on January 2nd, exactly 2 weeks ago.   Yesterday's key motivation was the palatable inflatio

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 push, and it didn't disappoint. Any time we're dealing with an important economic report that gives rates a big push, there's generally an equal chance of getti

Rising HOA Dues Add to Homeowners' Affordability Challenges