Mortgage Rates Sneak to 2 Week Lows With Important Data on Deck

The bond market--which dictates interest rates--had a generally favorable response to yesterday's update from the Federal Reserve.  While the Fed didn't cut rates, and while they're increasingly acknowledging that rate cuts are moving farther into the future, they still think data will evolve i

Realtor.com® April Housing Report: The Required Household Income to Purchase a Home Exceeds $250,000 in Four California Metros

Mortgage Rates Move Lower After Fed Announcement

Wednesday brought a full schedule of events and data for the bond market to digest and bonds dictate day to day changes in mortgage rates.  The morning's data was perfectly palatable, resulting in modest strength heading into the afternoon's Fed announcement. Contrary to impression given by man

Mortgage Rates Back Up And Over 7.5%

A mortgage rate is highly subjective and can vary for a variety of reasons.  A news story that provides an outright level like 7.5% requires context and qualification.  Some online advertisements (especially among builders) could still be showing rates in the high 6's.  Some borrowers