Mortgage Rates Fall as Inflation Data Comes in Soft

After a calm start to the week on Monday and Tuesday, we were likely to see a bit more volatility on Wednesday due to important events on the calendar. The first was the morning's release of the Consumer Price Index (CPI), a key inflation report. Inflation is one of the most basic inputs for the bon

Mortgage Rates Inch Slightly Lower

It was a fairly boring day on what has turned out to be a fairly boring week so far for mortgage rates.  After Friday's larger spike, we've seen a microscopic recovery on each of the past 2 days. In terms of specific index levels, this equates to a 0.04% drop in the top tier 30yr fixed rate for

Mortgage Rates a Hair Lower to Start The Week

As hoped, Friday's big rate spike did not carry additional momentum into the new week.  This is occasionally a risk when rates are responding to big surprise in the jobs report, but slightly less of a risk when the other economic data had been weaker.  All that having been said, it's not a

Mortgage Rates Jump Back Toward 7% After Jobs Report

Mortgage rates have enjoyed a nice run since May 21st, with the MND Index (average top tier 30yr fixed scenarios) falling from a recent peak of 7.08% to this week's low of 6.87%. As recently as yesterday afternoon, rates were still much closer to those lows at 6.89%.  One day can make a big dif