Mortgage Rates Back to 7%

It's no mystery that mortgage rates have had a terrible October.  As of last Friday, the average lender's top tier 30yr fixed rates were up to 6.90--an increase of more than 0.625% this month.  Today's 0.10% increase brings the rate index up to 7.0% exactly which is the highest we've seen

Mortgage Rates Effectively Unchanged Yet Again

Mortgage rates reached their highest level of the week on Wednesday and haven't really moved since then.  Technically each subsequent day saw a microscopic reduction in the average top tier 30yr fixed rate, but the average borrower would likely be seeing the same quote all three days. This flat

Mortgage Rates Finally Win One, Albeit a Small One

Mortgage rates have risen every day since October 15th and some of the jumps have been fairly big.  That followed an even bigger increase earlier in the month with the whole ordeal accounting for a 0.72% increase in 30yr fixed rates since October 1st. Today's trading session offered a break fro

Mortgage Rates Tick Up to Another Multi-Month High

Mortgage rates have been moving two directions recently and both of them are "up."  Only the pace changes.  Today's pace was modest to moderate, but because we were already at the highest levels since late July, the same is obviously true for today. There were no standout market movers in