Mortgage Rates Were Flat All Week No Matter What Other News Suggests

The underlying bond market (which dictates the rates offered by mortgage lenders) weakened moderately overnight.  Weaker bonds equate to higher rates, all else equal.   "Higher rates" is contrary to many media outlets' coverage this week, but there's an important reason. Most news org

Mortgage Rates Move Back to Long-Term Lows

Today's inflation report (the Consumer Price Index or CPI) certainly had a chance to create volatility for rates, but things ended up staying fairly calm.  There are multiple subheadings of data that the bond market cares about when it come to CPI. Most of them were in line with expectations, o

75% of Recent and Prospective Homebuyers Are Concerned About Homeowners Insurance Becoming Unaffordable, New Realtor.com® Survey

Mortgage Rates Hold Steady With Help From Econ Data

Wednesday brought the first of this week's two key inflation reports. While the Producer Price Index (PPI) is the lesser of the two in terms of potential impact on rates, it came in far enough below expectations to make for a measurable improvement. The catch is that the improvement in question pert