Mortgage Rates Move Slightly Higher For First Time This Month

While it's true that there have only been 8 business days so far this month, it's also true that today is the only one of the 8 where mortgage rates haven't been lower than the previous day for the average lender.  That's the bad news. The good news is that today's increase was modest.  In

Mortgage Rates Lowest Since February 2023

Mortgage rates moved lower again today despite a key inflation report coming in higher than expected.  This is counterintuitive for anyone who's been following rate movement closely over the past few years.   During that time, inflation reports have had a strong, direct connection to

Another Long-Term Low For Rates Ahead of an Inflation Report That Was Once a Really Big Deal

Mortgage rates are based on trading in the bond market and bonds consistently take cues from economic data.  Among the data, some reports are vastly more important than others--as we've seen after several recent examples of the jobs report. The Consumer Price Index (CPI) is another extremely im

Mortgage Rates Holding Near Long-Term Lows to Start New Week

The average lender's top tier 30yr fixed rate fell to the lowest level since April 2023 last week. That's down more than 1.25% over the past 5 months.  During that time, economic data and the Fed's interpretation of the data have moved into better alignment with the idea of a rate cut cycle.&nb