Lowest Rates of The Year (Barely) After Powell Speech

Heading into the week, Fed Chair Powell's speech at the Fed's annual Jackson Hole Symposium was only event on the calendar that held much promise for motivating any major movement in mortgage rates. Not only did it deliver on that promise, but it did so in everyone's favorite direction. Powell didn'

Mortgage Rates Inch Higher Yet Again

In a world (like this one) where mortgage rates are dictated by bond market movement and where bonds take cues from certain economic reports, weeks like this one can be frustrating or boring.  Until today, there haven't been any actionable economic reports to inspire a bond market reaction. Unf

Only 28% of Homes on the Market are Affordable for a Typical Household

Mortgage Rates Barely Budge

For the 11th straight business day, mortgage rates are very close to the levels from the end of the previous day.  Over the past week, however, most of these small day-to-day movements have been microscopically higher.  Today's is no exception. The net effect is that the average top tier 3