Mortgage Rates Finally Win One

Mortgage rates moved lower today after hitting the highest levels since mid November yesterday.  Some lenders were down as much as an eighth of a percent, which is on the bigger side for a day-over-day change for conventional 30yr fixed rates.  As nice as it is to see a big improvement, it

Mortgage Rates Back to 7.5%

The bad times keep rolling for mortgage rates with the average conventional 30yr fixed rate back up to 7.5% according to our daily index.  This is quite a bit higher than the major weekly indices for a few reasons.  First, the weekly indices haven't been updated for the current week yet.&n

After Months of Relative Calm, Rates are Starting to Look Panicked Again

In 2023, there were multiple examples of mortgage rates moving up by roughly half a percent in a relatively short amount of time (1-3 weeks).  Since the big shift in November, we've only seen one similar example and it was more of a technicality (a sharp drop in rates followed by a correction i

Mortgage Rates Move Lower After 2-Day Rout, But Underwhelmingly So

Wednesday was one of the worst days in decades in terms of single-day upward movement in mortgage rates.  Thursday added a bit more insult to the injury.  The resulting levels were the highest since November 2023.  We should be thankful, then, that Friday managed to push back in the o