Biggest Daily Drop For Mortgage Rates in Over a Month

Whether or not today's drop in rates is meaningful depends on one's perspective, but in the context of recent rate movement, it's definitely noticeable.  The simplest way to think about the improvement is as follows: the average lender is now about an eighth of a percent lower in just over a we

Mortgage Rates Edge Higher to Start Busy Week

Mortgage rates have been in an exceptionally narrow range since last Tuesday with the 30yr fixed index hovering just under 7%.  The average lender is just a hair higher today versus last Friday, but still just under 7%. As always, the index is best used as a tool to track day over day changes i

Mortgage Rates Move Slightly Lower After Today's Data

There was a bit of behind-the-scenes volatility in the bond market today.  Normally, bond volatility translates to interest rate volatility. In some cases, the timing of the volatility is such that  has a minimal impact on mortgage lenders. Today was one of those days. Yesterday evening, n

Mortgage Rates Hold Mostly Steady

After moving moderately lower to start the new week yesterday, mortgage rates backtracked ever-so-slightly today.  Top tier conventional 30yr fixed rates remain just under 7% for the average lender.  They spent 3 days above that mark last week. Rates can move for a variety of reasons with