Mortgage Rates Pulled in Two Directions, But End Day Lower

Mortgage rates are an extension of the financial market, so it's no surprise that they've been more volatile than normal over the past few weeks as markets react to fiscal headlines. The latest dust-up involved Trump's criticism of Fed Chair Powell which resulted in higher rates over the weekend. No

Mortgage Rates Hold Almost Perfectly Steady

In not so many words, last week's thesis was that "no news was good news" for mortgage rates.  Specifically, an absence of major, unexpected developments on the topic of tariffs and trade helped the underlying bond market retrace some of the recent steps. Those steps resulted in the highest rat

Mortgage Rates Jump Back Toward 7%

Last week was a hopeful one for interest rates.  The average top tier 30yr fixed mortgage rate fell more than 0.20% from the previous week's highs as underlying markets took some solace in the absence of major trade war escalations. Despite the solid improvement, the outright level of rates rem

Mortgage Rates Edge Higher Today, But Lower on The Week

Mortgage rates managed to make a nice amount of progress this week after hitting the highest levels in roughly 2 months last Friday. The first 2 days of the week brought the most meaningful improvement and it's been slow going since then. In fact, today ended up going slowly in the other direction w