Mortgage Rates Recover Some of The Lost Ground

The week's big story is still the big jump in rates that took place after Wednesday's Fed announcement.  And while rates remain noticeably elevated on the week due to that jump, they're set to end the week at slightly less elevated levels. Credit this morning's inflation data for that developme

If You're Struggling to Understand This Week's Mortgage Rate Spike, This is For You

We received some anonymous feedback regarding recent rate commentary that serves as a good reminder that not everyone may be picking up what we're putting down, or worse yet, picking up things that we never put down in the first place.   We spend a lot of time talking about how the bond ma

Mortgage Rates Jump Abruptly Higher After The Fed's Rate Cut

If anyone needed any further convincing that a Fed rate cut is no guarantee of lower mortgage rates, today is a great piece of evidence.  Perhaps "great" is the wrong word.  There was nothing great about the mortgage rate movement following today's Fed rate cut. The average lender is at le

American Homeowners Have More Extra Bedrooms Than Ever, New Realtor.com® Report Reveals