Mortgage Rates Start New Week With Some Hope

Last week wasn't great for mortgage rates.  They moved higher on each of the 5 days.  Moreover, there was a distinct lack of logical motivation from the economic data.  In fact, on a few occasions, the data argued for lower rates only for things to move in the other direction by the e

Mortgage Rates Rise For 5th Straight Day

There's no easy way to say it: it was a bad week for mortgage rates.  Actually, it was a bad week for interest rates in general and mortgage rates typically follow the rest of the rate market.  After hitting the lowest levels in a month and a half last Friday, each of the next 5 days saw a

Mortgage Rates Back to Highest Levels in a Week

It's been a bummer of a week for mortgage rates with modest to moderate increases every day so far.  Adding insult to injury is the fact that there hasn't been any compelling reason for the increase as far as this week's new economic data is concerned. Economic data is a constant consideration

Mortgage Rates Started Lower, But Ended Higher

Mortgage rates were having a pretty decent day at first.  The bond market was only slightly weaker overnight (implies some upward pressure on rates), but quickly improved after the Consumer Price Index (CPI) data at 8:30am ET.  Notably, CPI was right in line with forecasts--something that