Mortgage Rates Still Lower Than May/June Despite Drifting Higher

Bad news first: mortgage rates have been moving steadily higher in July with the average top tier 30yr fixed scenario rising from 6.67% to 6.81% in just 4 business days.  This isn't an incredibly abrupt move, but it's slightly brisk compared to the average day of rate movement. The good news is

Housing Market at a Crossroads: Inventory Climbs but Some Sellers Hold Out

Mortgage Rates Continue Higher For Third Straight Day

For the entire 2nd half of June, it was easy to be spoiled by the absence of volatility in mortgage rates. During that time, rates were either lower or unchanged every single day. The past few business days have been a different story. This began last Wednesday as the bond market began a small corre

Mortgage Rates Rose Less Than Expected After Employment Data

Today brought the hotly anticipated jobs report.  This is the "official" job count and unemployment rate data for the U.S. and no other report has as much consistent power to cause volatility in the rate market.  Today's was particularly important because a perpetually decent labor market