Worst 24 Hours For Rates So Far This Year

Tariff volatility giveth and taketh from interest rates.  Up until Friday afternoon, it's been mostly "giveth-ing."  In other words, the prospect of trade wars between the US and numerous foreign countries has generally caused weakness in the stock market and strength in the bond market (s

Rate Rally Reverses, But Focus on Bigger Picture

This week is ending with the average top tier 30yr fixed mortgage rate at its lowest level since early October, 2024. The only way to be disappointed about that would be to focus on the fact that rates were even lower this morning. Rates fell sharply due to the market's ongoing reaction to Wednesday

Lowest Mortgage Rates in More Than 5 Months

Yesterday afternoon's tariff announcement sent financial markets on a ride that ultimately resulted in sharply lower stock prices and moderately lower bond yields. Stocks don't always correlate with bond yields, but that has been a common pattern since late February. The correlation between bond yie

Spring Inventory Blooms, but Buyers Remain Cautious Amid Economic Uncertainty