Mortgage Rates Only Modestly Lower Despite Seemingly Big News

Ask your favorite curmudgeonly old market watcher and they'll be happy to explain what "always" happens in financial markets when there's breaking news regarding large scale geopolitical risk.  It would be a surprise if you didn't hear a phrase like "flight to safety," the most common shorthand

Mortgage Rates Didn't Move Much Over The Weekend

The average top tier conventional 30yr fixed rate was just a hair over 7% on Friday afternoon and the same is true at the start of the new week.  Rates are based on bonds, but while bonds move constantly throughout the day, mortgage lenders only adjust rates once per day unless there's excessiv

Mortgage Rates End Higher, But Not As High as This Morning

This afternoon's mortgage rates are higher than yesterday's latest levels.  That's a result of bond market weakness seen late yesterday and earlier this morning.  Why would yesterday's market movement matter?  Simply put, it was too late in the day for many lenders to go to the troubl

Mortgage Rates Roughly Unchanged Yet Again Despite Bond Market Losses

Losses... weakness... selling pressure...  When any of these things happen in the bond market, it puts upward pressure on interest rates.  Mortgage rates are primarily determined by bonds, after all.   Today started out well enough for the bond market.  This allowed mortgage