Mortgage Rates Jump Abruptly Higher After The Fed's Rate Cut

If anyone needed any further convincing that a Fed rate cut is no guarantee of lower mortgage rates, today is a great piece of evidence.  Perhaps "great" is the wrong word.  There was nothing great about the mortgage rate movement following today's Fed rate cut. The average lender is at le

American Homeowners Have More Extra Bedrooms Than Ever, New Realtor.com® Report Reveals

Mortgage Rates Effectively Unchanged Ahead of Fed Announcement

Mortgage rates have been having a much calmer week compared to last week.  Monday brought a modest decline versus last Friday and today's rates are effectively unchanged.  While the average lender is still noticeably higher compared to the first few days of the month, this resilience helps

Mortgage Rates Start New Week With Some Hope

Last week wasn't great for mortgage rates.  They moved higher on each of the 5 days.  Moreover, there was a distinct lack of logical motivation from the economic data.  In fact, on a few occasions, the data argued for lower rates only for things to move in the other direction by the e