Can The Fed Pull Mortgage Rates Off The Ceiling?

Mortgage rates were surprisingly steady on Tuesday with most lenders roughly in line with Monday's levels. Why surprising?  Because the bond market was noticeably weaker and bonds dictate day to day mortgage rate movement. In Tuesday's case, we can actually reconcile the steadiness with the tim

Realtor.com®: A 73.2% Spike in Monthly Payments For Moving Traps U.S. Homeowners in Place

Mortgage Rates Start Week Near 3 Month Highs

Both stocks and bonds lost ground on Monday. This pushed mortgage rates up near their highest levels in just over 3 months (because mortgages are based on bond prices).  To put the 3-month highs in perspective, today's rates are right in line with those seen 2 weeks ago. [thirtyyearmortgagerate

Realtor.com® Monthly Housing Report: Affordability Reshapes Where Americans Can Buy Homes