Mortgage Rates Move Lower Even Though They Weren't Supposed To

First thing's first before anyone gets too excited: yes, rates fell on Friday, but not significantly.  The average lender is still a bit closer to the higher end of the recent range. In addition, the recent range is quite narrow with average top tier 30yr fixed rates never straying too far from

Mortgage Rates Hold Steady Near Recent Highs

It depends what one's definition of "recent" is, but if it involves the past few weeks, mortgage rates were at their highest recent levels both yesterday and today.  2 other days in that window were worse, but only microscopically.  On a positive note, the entirety of the past few weeks ha

Mortgage Rates Modestly Higher on Average, But Some Lenders Are Lower

One of the key principles of mortgage rate movement has to do with the frequency of mortgage rate changes.  Specifically, mortgage lenders prefer to update rates once per day. This is notable because mortgage rates are based on bonds, and bonds are constantly trading.  The compromise is th

Mortgage Rates Tick Gently Higher to End Week

In terms of the market movement that underlies and dictates mortgage rate movement, today looked a lot like yesterday.  Things started strong and faded gently as the day progressed. There were no notable economic reports or news events apart from a White House press conference where Trump said