Mortgage Rates Continue to Recover, But We Could See Big Moves Tomorrow, Depending on Data

If you're just here to keep an eye on daily changes in mortgage rates, today was solid.  There was a modest improvement versus yesterday and the average lender is almost perfectly in line with 6.5% when it comes to top tier conventional 30yr fixed rates. For those interested in more of the nuts

Mortgage Rates Effectively Unchanged to Begin New Week

Today was completely different than the previous Monday in that it was a normal, boring day with essentially no change in mortgage rates over the weekend.  Contrast that to last Monday which saw an extension of an already wild run to the lowest levels in more than a year. Since last week, the r

Mortgage Rates Finally End This Week's Losing Streak

After starting out at the lowest levels in more than a year on Monday morning, mortgage rates had done nothing but increase through Thursday afternoon.  The bounce was abrupt by typical standards with the average 30yr fixed rate rising nearly 0.3% in just 3 days. Friday brought a small amount o

Mortgage Rates Are NOT Lower This Week

It's Thursday and thus time once again for a side-by-side glimpse at our actual daily average 30yr fixed mortgage rate and the weekly survey-based rate from Freddie Mac.  The latter is widely reported and re-reported on Thursdays with multiple news outlets likely conveying the same message to p