Mortgage Rates Flat Ahead of Next Week’s High-Stakes Data

Mortgage rates finally moved in a slightly more noticeable direction today, but the change was still inconsequential in the bigger picture. The average 30yr fixed rate in our index edged up a mere 2 hundredths of a percent from 6.55% to 6.57%, exactly matching the levels seen on August 6th. This lea

Mortgage Rates Hit Another New Longer-Term Low

Mortgage rates have barely budged after Monday with the day-over-day change failing to exceed 0.02% on any given day. But today's budging happened to bring the average 30yr fixed rate to another 10-month low.  Lenders are in the mid 6% range for top tier scenarios. Economic data is one of the

Mortgage Rates Steadily Holding Longer-Term Lows

Although there were flashes of potential volatility in the underlying bond market at times today, mortgage rates made it through unscathed.  In other words, the volatility wasn't sufficient to force the average lender to make mid-day changes to the rates they decided to offer this morning. Whe

Mortgage Rates Holding at 10 Month Lows

Yesterday saw the average 30yr fixed rate fall back in line with levels from early October, 2024. This happened for two reasons. The broader, underlying reason is that rates have been in a fairly narrow, stable range and that range was already relatively closer to 10 month lows than 10 month highs.