Mortgage Rates Finally Win One, Albeit a Small One

Mortgage rates have risen every day since October 15th and some of the jumps have been fairly big.  That followed an even bigger increase earlier in the month with the whole ordeal accounting for a 0.72% increase in 30yr fixed rates since October 1st. Today's trading session offered a break fro

Mortgage Rates Tick Up to Another Multi-Month High

Mortgage rates have been moving two directions recently and both of them are "up."  Only the pace changes.  Today's pace was modest to moderate, but because we were already at the highest levels since late July, the same is obviously true for today. There were no standout market movers in

Mortgage Rates Much Steadier Today, But Still a Bit Higher

Mortgage rates jumped to their highest levels since late July yesterday.  Underlying market movement wasn't readily attributable to any singular headline or economic report.  Leading theories involve changes in election odds and more esoteric aspects of the bond market's plumbing. The dama

Rates Jump Quickly to Highest Levels Since July

By the smallest of margins, mortgage rates are back up to levels last seen in July.  That means we've gone from being fairly close to 6% in mid-September to being nearly as close to 7% today when it comes to top tier 30yr fixed scenarios for the average lender. Today's jump was particularly qui