Mortgage Rates Mostly Steady This Week After Uneventful Friday

There hasn't been much day to day movement in mortgage rates after the big jump caused by the jobs report earlier in the month.  That jump ended on Monday the 7th and the average 30yr fixed rate hasn't moved more than 0.06% since then.  For context, we wouldn't consider a short term move t

Mortgage Rates Move Higher After Stronger Economic Data

Mortgage rates are driven by the bond market and bonds consistently take cues from economic data.  Traders have been waiting on this Thursday's economic data ever since last Thursday, largely because there haven't been any major reports between now and then. The market constantly tries to adjus

Mortgage Rates Hold Steady Ahead of Retail Sales Data

Mortgage rates have been holding in a fairly narrow range since the middle of last week and today was one of the least interesting additions to the trend.  The average lender is essentially unchanged versus yesterday, up a mere 0.01%, but down 0.02% from last Friday. Mortgage rates are primaril

Mortgage Rates Side-Step Into Holiday Weekend

While this week's rates were substantially higher than most of last week's, if we remove a few flashes of volatility,  the average lender stayed very close to Monday morning's levels.  Wednesday afternoon and Thursday mid-day definitely saw multiple negative reprices, but in each case, the