Mortgage Rates Highest in Nearly a Month After Inflation Report

Today's mortgage rate movement is very straightforward.  Unfortunately, it's also marked by a straight line toward higher levels--in this case, the highest since January 14th. Incidentally, January 14th was the day before the last instance of the Consumer Price Index (CPI), the same inflation r

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