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

Mortgage Rates Move Higher Again, But at a Much Gentler Pace

Yesterday saw one of the largest single day mortgage rate increases in years, although there were more than a few caveats.  We discussed those in greater detail in yesterday's update.  Rather than attempt to condense and already-condensed explanation of esoteric market plumbing, here's the

Big-Time Bounce For Mortgage Rates After Hitting Long-Term Lows

In and of itself, today was quite awful for mortgage rates with conventional 30yr fixed rates moving up faster than on almost any other day in the past few years.  As unpleasant as that sounds, if you forget about the past 2 days, the average lender is still offering the lowest rate in well ove

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