Mortgage Rates Technically Lower, But Effectively Flat

If we're splitting hairs, today's mortgage rates are half a hair lower than yesterday's, but the average borrower might not see a difference in a rate quote. Our 30yr fixed rate index fell by the smallest increment possible (.01%) and it hasn't been more than 0.03% away from that level for two weeks

One in Five Homes Slashes Prices in September, Realtor.com® Reports

Mortgage Rates Remain Unchanged After Downbeat Employment Report

Mortgage rates are based on bonds and bonds take cues from economic data. Employment-related data is particularly important. The monthly jobs report from the Department of Labor is in a league of its own in that regard, and while we won't get that this week due to the shutdown, this morning brought

Mortgage Rates Continue Holding Narrow Range

Mortgage rates were just barely lower this morning versus yesterday's latest levels, but most borrowers won't see any major difference from any of the past 7 business days. Additionally, some lenders issued mid-day changes, giving rates a slight bump in response to weakness in the bond market. With