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Lowest Mortgage Rates Since Early October

Mortgage rates are driven by movement in the bond market and bonds take cues from economic data, among other things. The monthly jobs report is routinely the most closely watched economic report as far as bonds are concerned and Friday's caused a significant amount of bond buying (which, in turn, pu

Mortgage Rates Instantly Drop to 4 Month Lows After Jobs Report

Every month, we offer the same old warning/reminder ahead of the big jobs report--something to the effect of "no other economic report has as much power to cause volatility in rates, for better or worse."  Days like today are the reason for that reminder. Thankfully, it was the "better" end of

Mortgage Rates Hold Near July Lows Ahead of Jobs Report

Mortgage rates went to bed last night knowing that the bond market would need to improve in the morning in order for prevailing levels to be maintained. In other words, bonds had begun losing ground yesterday, but not enough for mortgage lenders to go to the trouble of re-issuing rates (something th