Mortgage Rates Slightly Lower With Important Data Looming

You never know what you're going to get on the days surrounding a 3 day weekend for financial markets, and that's doubly true when it corresponds with the final/first trading day of the month.  Despite all of those potential curveballs, the bond market stayed calm enough for mortgage rates to d

Mortgage Rates End The Week Roughly Unchanged

Day to day movement has been subdued in mortgage rates recently, and now the week over week movement is just as uneventful.  Friday's average top tier 30yr fixed rate almost perfectly matched last Friday's and it was identical to where we began the week.   Given the absence of any maj

Mortgage Rates Are Not Actually The Lowest Since April 2023

It continues to be the case that mortgage rates are moving in a very narrow range with minimal changes from day to day. For instance, in the past week, the average mortgage payment would not have changed by more than $2 a month on a $300k loan. That said, the past two days have seen the biggest move

Mortgage Rates Lower Despite Bond Market Weakness

On Wednesday, the average mortgage lender was quoting top tier, conventional 30yr fixed rates at the 2nd lowest level in more than a year.  That's counterintuitive considering the modest losses in the bond market (weaker bonds = higher rates, all other things being equal). The explanation comes