Mortgage Rates Bounce But Remain Lower on The Week

The top tier 30yr fixed mortgage rate index rose 0.04% on Friday, which would be a medium-sized defeat in and of itself. In the broader context, however, it was an acceptable adjustment on what has otherwise been a solid week.  Specifically, today's rates are still 0.08% lower than last Friday'

Lowest Mortgage Rates in More Than a Month

Mortgage rates being offered today are only a hair lower for the average lender than they were on June 4th, but June 4th was the best day since early May.  In other words, today's average rate is the lowest in just over a month. This didn't happen by chance. The underlying bond market has been

Mortgage Rates Fall as Inflation Data Comes in Soft

After a calm start to the week on Monday and Tuesday, we were likely to see a bit more volatility on Wednesday due to important events on the calendar. The first was the morning's release of the Consumer Price Index (CPI), a key inflation report. Inflation is one of the most basic inputs for the bon

Mortgage Rates Inch Slightly Lower

It was a fairly boring day on what has turned out to be a fairly boring week so far for mortgage rates.  After Friday's larger spike, we've seen a microscopic recovery on each of the past 2 days. In terms of specific index levels, this equates to a 0.04% drop in the top tier 30yr fixed rate for