Mortgage Rates Fall to 2 Week Lows After Fed's Friendly Message

Every year, the Federal Reserve (aka "the Fed") gathers in Jackson Hole, WY with a bevy of other central bankers and academics to discuss and comment on monetary policy in a setting that's slightly less formal than normal.  Despite the scenic backdrop, Jackson Hole speeches by the Fed Chair hav

Modest Bounce For Mortgage Rates

After moving lower for 4 straight days to hit the 3rd lowest levels in more than a year, mortgage rates bounced just a bit higher today.  This was the first day of the week with meaningful economic data and the bond market (which dictates rate movement) frequently takes cues from such data. In

3rd Best Day For Rates in Over a Year

Although the day to day changes in mortgage rates have been modest recently, the slow and steady improvement has brought the average top tier 30yr fixed rate back near the lowest levels in more than a year.  Apart from 2 days earlier this month, rates are as low as they've been since May, 2023.

Mortgage Rates Edge Lower Yet Again

File today under "nice."  While it wasn't amazing, significant, or even the byproduct of any interesting events, mortgage rates managed to drift modestly lower, ultimately matching their lowest levels since August 5th.   The lowest rates in just over 2 weeks might seem like it's worth