Mortgage Rates Only Moderately Lower After Tech Rout

There are two distinct patterns of behavior when it comes to rates interacting with stocks.  The first could be called the "conventional wisdom" pattern, which holds that investors move money between stocks and bonds, thus creating a correlation between stock prices and rates (as investors buy

Mortgage Rates Back to Their Boring Ways

While there were only 4 business days instead of the customary 5, it's been an intensely boring week for mortgage rates.  Tuesday started out right where Friday left off. From there, Thursday brought the only noticeable change with the average lender moving up to the highest levels in just over

Mortgage Rates Move Moderately Higher

After several consecutive days without any noticeable changes, mortgage rates finally made a move today.  Unfortunately, that move was higher. Thankfully, it was neither extreme nor sufficient to challenge last week's highs.  Nonetheless, it keeps the average lender uncomfortably close to

Mortgage Rates Hold Same Level For 3rd Straight Day

Given that rates take cues from bonds and bonds take cues from economic data, it's perhaps no surprise to see an absence of volatility in rates on a week that has very little to offer in terms of economic data. Still, mortgage rates usually manage to move a bit even when there are no compelling even