Mortgage Rates Started Higher, But Ended Lower

As we often discuss, mortgage lenders prefer to set their rates once per day. They only make changes when the underlying bond market makes a big enough move. While it wasn't an extreme example, many lenders made such changes today as bonds improved steadily throughout the day.  Before the impro

Mortgage Rates Hold Steady Over The Weekend

Mortgage rates are based on movement in the bond market, and the bond market is closed for most of the weekend.  As such, one might assume that Monday's mortgage rates would always be right in line with Friday's.  But this is definitely not the case for two reasons: 1. The bond market may

Mortgage Rates Hold Very Steady, Yet Again

Despite some ups and downs on a small scale, mortgage rates have been sideways in the bigger picture.  That's a good thing if the latest refi application data is any indication.  Demand is at the highest levels since October as rates have generally been holding near mid-October levels. Tod

Mortgage Rates Recover After Starting Slightly Higher

Mortgage rates hit their highest levels in just over 2 weeks yesterday and they were on track to remain unchanged today. In fact, the average lender offered the exact same 30yr fixed rate when this morning's initial barrage of rate sheets came out. Lenders typically publish their first rates of the