Calmer Trend Continues For Mortgage Rates

They may not be low.  In fact, they may still be a lot higher than you want, but at least they haven't been too volatility this week.  For the 7th day in a row, the top tier, conventional 30yr fixed mortgage rate ended the day in the same narrow range between 7.01% and 7.08% for the averag

Mortgage Rates Have Been Much Calmer, But They're Still High

Remember October and the first part of November--not because of the election, but rather because of the relentless rise in mortgage rates?  Would you rather forget?  You're not alone.  It was the fastest rate spike since 2022, and it was made all the more memorable because it put an e

Mortgage Rates Only Modestly Lower Despite Seemingly Big News

Ask your favorite curmudgeonly old market watcher and they'll be happy to explain what "always" happens in financial markets when there's breaking news regarding large scale geopolitical risk.  It would be a surprise if you didn't hear a phrase like "flight to safety," the most common shorthand

Mortgage Rates Didn't Move Much Over The Weekend

The average top tier conventional 30yr fixed rate was just a hair over 7% on Friday afternoon and the same is true at the start of the new week.  Rates are based on bonds, but while bonds move constantly throughout the day, mortgage lenders only adjust rates once per day unless there's excessiv