Mortgage Rates Effectively Unchanged to Begin New Week

Today was completely different than the previous Monday in that it was a normal, boring day with essentially no change in mortgage rates over the weekend.  Contrast that to last Monday which saw an extension of an already wild run to the lowest levels in more than a year. Since last week, the r

Mortgage Rates Finally End This Week's Losing Streak

After starting out at the lowest levels in more than a year on Monday morning, mortgage rates had done nothing but increase through Thursday afternoon.  The bounce was abrupt by typical standards with the average 30yr fixed rate rising nearly 0.3% in just 3 days. Friday brought a small amount o

Mortgage Rates Are NOT Lower This Week

It's Thursday and thus time once again for a side-by-side glimpse at our actual daily average 30yr fixed mortgage rate and the weekly survey-based rate from Freddie Mac.  The latter is widely reported and re-reported on Thursdays with multiple news outlets likely conveying the same message to p

Mortgage Rates Move Higher Again, But at a Much Gentler Pace

Yesterday saw one of the largest single day mortgage rate increases in years, although there were more than a few caveats.  We discussed those in greater detail in yesterday's update.  Rather than attempt to condense and already-condensed explanation of esoteric market plumbing, here's the