Rates Hold Steady Just Above 3 Year Lows

The average top tier 30yr fixed rate was unchanged on Friday despite the bond market being slightly weaker. Normally, weaker bonds mean higher rates, but the timing of intraday market movement matters. In today's case, bonds are still much stronger than the first half of yesterday, and only weaker w

Mortgage Rates Quickly Approaching Long-Term Lows

Despite a stark absence of any truly inspiring events, interest rates have managed to put in two fairly serious days of movement. In today's case specifically, there was an obvious intraday surge in the underlying bond market. While that surge wasn't readily attributable to any data or news headline

NYC Rents Up 5.4%: Enough for the Typical Renter to Buy a Home in Yonkers, Philly or Orlando

Mortgage Rates Slip to Another Multi-Week Low

Mortgage rates are based on bonds and bonds are trading at their best levels since September 17th.  Of course there are different kinds of bonds, so we should specify that we're talking about the bonds that are specifically tied to mortgages (MBS or mortgage backed securities).  With this