Mortgage Rates Surprisingly Steady Despite Strong Jobs Report

Data dependent... That's a phrase that is all too prevalent in financial markets and among members of the Federal Reserve.  It refers to the fact that economic data will guide the future path of interest rate decisions.   While rates always depend on data, the data outlook isn't alway

Nice Move Lower in Mortgage Rates Ahead, But Tomorrow is a New Day

Mortgage rates may have been able to claim some resilience over the past few days, but it hasn't been a great week in general.  The average lender jumped quickly over 7% for a top tier conventional 30yr fixed rate on Monday.  The next two days were much less interesting. Now today, the not

Mortgage Rates Nearly Unchanged Despite Early Drama

After starting the week with a sharp move higher, mortgage rates managed to avoid losing much ground yesterday.  This was only achieved with a recovery in the bond market that erased early morning losses (rates are based on bonds and when bonds improve, lenders can update mortgage rates during

Mortgage Rates Much Calmer Today

After starting the week with a fairly large jump, mortgage rates had a much calmer day on Tuesday.  This was made all the more impressive by the fact that the underlying bond market suggested another increase earlier this morning. To be fair, the average mortgage lender was definitely showing n