Mortgage Rates Tick Gently Higher to End Week

In terms of the market movement that underlies and dictates mortgage rate movement, today looked a lot like yesterday.  Things started strong and faded gently as the day progressed. There were no notable economic reports or news events apart from a White House press conference where Trump said

Mortgage Rates Very Close to Multi-Month Lows

It was actually a rather uneventful day for the bond market. That means it should have been an uneventful day for mortgage rates (because they're driven by changes in the bond market). To be fair, it was far from an exciting day, but the average mortgage lender was nonetheless able to inch closer to

Rates Move Back Toward Lows After Fed Announcement

Heading into today, we knew the afternoon's Fed announcement was biggest potential flashpoint for interest rate movement, and that the movement probably wouldn't be extreme. The unknown, as always, was the direction of said movement. Thankfully, it was lower. This wasn't destined to be the case this

Fewer Multifamily Permits Today Could Mean Costlier Rents Ahead