Mortgage Rates Finally Tick Slightly Higher

It had to happen at some point. After spending 4 straight days of setting new 11-month lows, mortgage rates finally moved higher today, but the headline is much scarier than reality. In fact, many borrowers won't see any detectable difference from yesterday's latest levels as the average lender's to

7 of the 50 Largest U.S. Metros are Now Buyer's Markets: Miami, Austin, Orlando, New York City, Jacksonville, Tampa, and Riverside, Calif.

Another 11-Month Low For Rates, But Just Barely

To their credit, most mortgage lenders did an admirable job of aggressively pricing-in the bond market rally after last Friday's jobs report. Many mortgage market pros repeat the phrase "stairs down, escalator up" when it comes to the pace at which lenders change rates. The idea is that lenders are

Mortgage Rates Plummet Back to Fall 2024 Levels

It's a well-known fact that the monthly jobs report is more capable of causing big reactions in rates than any other economic data. It happened last month in grand fashion, and it is happening again this morning.  Nonfarm Payrolls (NFP), which is a count of new jobs created, came in at a mere 2