Mortgage Rates Haven't Moved Much Since Fed Week

The last time mortgage rates were moving with any sense of urgency was in the days surround the Fed's rate cut on December 18th. Incidentally, that movement was sharply higher, which is just as likely as any other outcome when the Fed is cutting rates for a variety of reasons. The rate rise leveled

Mortgage Rates Slightly Higher as Markets Close Early

Major holidays typically involve a full day market closure along with an "early close" on an adjacent day.  This matters to rates because mortgage lenders decide what they can offer based on trading levels in the bond market.  Mortgage lenders also need a certain amount of activity in the

Mortgage Rates Modestly Lower to Begin Another Holiday-Shortened Week

Because mortgage rates are determined by trading levels in the bond market, when the market is closed, lenders don't update their rate offerings.  As such, there were no rate updates last Wednesday for the Christmas holiday and the same will be true this week for New Year's Day. In addition, it

Mortgage Rates Little Changed Today, This Year, And Over The Past 2 Years

Mortgage rates didn't move much today, and markets have been very quiet due to the holiday week.  So we'll take a quick moment for a retrospective. In September 2022, 30yr fixed mortgage rates crested 7% for the first time in more than 2 decades. The following year saw rates move momentarily un