Mortgage Rates Jump Back Above 7%

Last Thursday and Friday offered some hope that the persistent move to higher rates was finally leveling off.  It wasn't necessarily a rational hope, but if nothing else, it was "nice" to see the average 30yr fixed move back below 7%.  Even then, we cautioned against viewing the recovery a

Realtor.com® Report Finds VA Borrowers Are More than Twice as Likely as Conforming Borrowers to Have a Low Down Payment

Mortgage Rates Lower Again As Lenders Catch Up With Bonds

The bond market dictates day to day movement for all manner of interest rates, including mortgages.  On election night, bond yields (another word for "rates") spiked as soon as traders felt the results were evident.  The following morning, mortgage-backed bonds started out much weaker and

Tricky Day... Mortgage Rates Fall Significantly, But Not Because of The Fed

There's a distinct risk that, even in the financial community, that people will look back on today's drop in interest rates and conclude it must have something to do with the Federal Reserve's latest policy announcement.  After all the Fed did cut its policy rate by 0.25% today, and the Fed was