Mortgage Rates Erase Last Week's Gains

Mortgage rates are based on bonds and the bond market is prone to erratic behavior on major holiday weeks. One of the more common patterns is for the holiday week to see a noticeable departure from a prevailing trend only to return to that trend in the following week.  That's exactly what we're

Mortgage Rates Unchanged Versus Wednesday

As is most often the case, the Friday after Thanksgiving added nothing interesting to mortgage rate momentum.  The average lender's top tier 30yr fixed rate is exactly where it was on Wednesday.  The underlying bond market closes early today, but will be fully open next week.  At that

Mortgage Rates Slightly Higher, But Remain Near Long-Term Lows

Wednesday was far less eventful than the first two days of the week as far as mortgage rates were concerned. The average lender raised rates just a hair, but apart from yesterday, these are the lowest levels in a month and very close to the lowest levels in more than 3 years. Bond markets and mortga

Lowest Mortgage Rates Since 10/28 And Very Close to 3-Year Lows

Mortgage rates moved nicely lower on Tuesday with the average lender very close to the 2025 lows seen in late October. These levels are effectively right in line with the lowest since late 2022. If today's drop seems abrupt, that's because it is. In fact, it's a bigger drop than the underlying bond