Mortgage Rates Microscopically Lower to Start New Week

Mortgage rates have been on a vacation from volatility since January 16th when they fell back toward 7% after hitting the highest levels since May 2024. Top tier 30yr fixed rates have operated inside a 0.13% range since then and a narrower 0.08% range for the past 2 weeks.  Today was technicall

Mortgage Rates End Week Lower Despite Friday's Modest Bounce

Friday brought the release of the big jobs report which is historically more likely than any other monthly economic report to cause the biggest pops or drops. Today's installment can be filed under the "pop" category, but it was so quiet, you might not even hear it. In fact, the drop in rates seen e

Mortgage Rates Mostly Maintain Wednesday's Strength

Yesterday was notable for being the first day in more than a week to offer any excitement for rates.  More notably, that excitement was the good kind.  The average lender moved back under 7.00% for top tier conventional 30yr fixed rates for the first time since December 17th, even if only

Mortgage Rates Finally Make a Move (Lower)

The recent absence of volatility in day-to-day mortgage rate movement has been an easy target for light-hearted indignation among market watchers.  But to be fair, if rates had been moving swiftly higher/lower/both, most market watchers would wish for some sideways stability.  In fact, for