Mortgage Rates Lower After Fed Announcement, But Not Because of It

There's nothing like a Fed announcement day to get almost every media outlet to run headlines that attempt to tie the day's market movement to the Fed's rate decision. The problem in today's case is that there wasn't even anything remotely resembling a decision, nor did anyone expect there to be. Ma

Mortgage Rates Improve Slightly After Starting Out Flat

Mortgage rates were unchanged for the average lender this morning, thanks to a modest improvement in the bond market overnight.  Rates were on course to remain mostly flat until the afternoon's scheduled 10yr Treasury auction.  The market's reaction to the auction allowed many lenders to r

Mortgage Rates Roughly Unchanged to Start New Week

Mortgage rates faced a slight headwind on Monday as economic data caused weakness in the bond market. This would typically result in higher mortgage rates, but in today's case, the damage was minimal. One thing to keep in mind is that mortgage rates don't change in real time with the market. Lenders

Rates Pull Back Slightly After Stronger Economic Data

After enjoying a calm, steady winning streak so far this week, mortgage rates finally experienced a bump back toward slightly higher levels on Thursday. The move followed the release of a closely watched report on the manufacturing sector. The economic data wasn't strong in outright terms.  In