Lowest Rates in Over a Month, But There's a Catch

Interest rates are driven by the bond market and bonds are at their best levels in over a month. As such, it's no surprise that mortgage rates are able to make a similar claim.  In fact, we'd need to go back to December 20th to see a lower average rate for top tier 30yr fixed mortgages. The cat

The New Year Brings More Inventory to the Market

Mortgage Rates Barely Budge After Fed Announcement

Heading into today's Fed announcement, we didn't expect to receive any significant surprise on the stance of monetary policy.  Financial markets had long since ruled out the possibility of a rate cut and we knew Powell could only really acknowledge recent progress in inflation data while mainta

Mortgage Rates Little Changed Ahead of Fed Meeting

The average mortgage lender remained right in line with yesterday's levels despite a bit of weakness in the bond market.  Lenders who improved their rates yesterday afternoon were slightly higher.  Others were slightly lower.  This is a solid outcome considering the market motivations