Mortgage Rates Didn't Move Much Over The Weekend

The average top tier conventional 30yr fixed rate was just a hair over 7% on Friday afternoon and the same is true at the start of the new week.  Rates are based on bonds, but while bonds move constantly throughout the day, mortgage lenders only adjust rates once per day unless there's excessiv

Mortgage Rates End Higher, But Not As High as This Morning

This afternoon's mortgage rates are higher than yesterday's latest levels.  That's a result of bond market weakness seen late yesterday and earlier this morning.  Why would yesterday's market movement matter?  Simply put, it was too late in the day for many lenders to go to the troubl

Mortgage Rates Roughly Unchanged Yet Again Despite Bond Market Losses

Losses... weakness... selling pressure...  When any of these things happen in the bond market, it puts upward pressure on interest rates.  Mortgage rates are primarily determined by bonds, after all.   Today started out well enough for the bond market.  This allowed mortgage

Mortgage Rates Roughly Unchanged Today

While there's been plenty of movement in the average mortgage rate on any given day recently, today was not one of them.  30yr fixed rates remained above 7%, but technically fell 0.01% (an amount so small that it may as well be considered an absence of change).   Despite the flat day-