Mortgage Rates Inch Lower to Begin Potentially Wild Week

The  new week began on a relatively quiet note in terms of mortgage rate movement and the underlying bond market.  There was modest volatility earlier this morning with a Manufacturing survey causing some headwinds for bonds.  This would normally lead to slightly higher mortgage rates

Low Volatility in Mortgage Rates, But Next Week Could be Very Different

We've talked a lot about why the Fed rate cut will have no additional positive impact on mortgage rates next week.  Everything the market can already reasonably foresee about what the Fed might do is already reflected in today's mortgage rates. In other words, much of the sharp mortgage rate de

Mortgage Rates Move Slightly Higher For First Time This Month

While it's true that there have only been 8 business days so far this month, it's also true that today is the only one of the 8 where mortgage rates haven't been lower than the previous day for the average lender.  That's the bad news. The good news is that today's increase was modest.  In

Mortgage Rates Lowest Since February 2023

Mortgage rates moved lower again today despite a key inflation report coming in higher than expected.  This is counterintuitive for anyone who's been following rate movement closely over the past few years.   During that time, inflation reports have had a strong, direct connection to