Mortgage Rates Improve Again, Despite Headwinds From Economic Data

The phrase "data dependent" is ingrained in the current bond market psychology for good reason.  Weaker trends in economic data will reliably cause the Fed to cut rates when the time comes.  This is particularly true for inflation-related data, but other reports still matter.  One of

Mortgage Rates Another Step Closer to 3-Month Lows

For most lenders, you'd still see modestly lower rates on several days in mid May, but apart from that, you'd need to go all the way back to early April to see anything lower.  Said differently, today's rates are fairly close to the lowest levels in 3 months. If the 3 month distinction is to be

Realtor.com® May Housing Report: Median Price Per Square Foot Experiences Monumental Rise Growing 52.7% Since 2019

Mortgage Rates Fully Erase Last Week's Spike

Mortgage rates had a rough go of it in the 4 days following Memorial Day weekend (i.e. last week). To be fair, the tough part was limited to the first two days.  Thursday and Friday both helped to undo some of that damage, but the average lender was still at higher levels compared to the week b