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

Consistently Higher Rates Since Fed Rate Cut, But Friday Could be BIG

Depending on how tuned in you've been to changes in our daily rate tracking, the news may be getting old at this point.  Rates have done almost nothing but move higher ever since the Fed cut rates on September 18th. While this continues to be a challenge for some folks to comprehend, it was alw

Mortgage Lock-In Effect Shows Signs of Easing as New Listings Increase