Mortgage Rates Finally Level Off After Quickest Spike in Months

Mortgage rates spiked at their fastest pace in months on Friday following the jobs report and yesterday added insult to injury, making for a total increase of nearly 3/8ths of a percent (.375%) in the average lender's top tier conventional 30yr fixed rate.   Moves of this size are rare, bu

With Falling Mortgage Rates, These Markets Are Likely to See the Most Changes: New Realtor.com® Study

Highest Mortgage Rates in 2 Months

It's been a strange and frustrating couple of weeks for anyone who mistakenly believed that mortgage rates would move lower after the Fed rate cut.  To be sure, there is plenty of that sentiment out there according to the just released Fannie Mae sentiment survey showing the highest net percent

Massive Jump in Mortgage Rates After Jobs Report

Today's much-anticipated jobs report ended up coming out much stronger than expected.  A stronger result was all but guaranteed to cause carnage (relative) in the mortgage market and that's definitely what we're seeing.  A caveat is that rates are still much lower than they were several mo