Mortgage Rates Move Higher Again, But at a Much Gentler Pace

Yesterday saw one of the largest single day mortgage rate increases in years, although there were more than a few caveats.  We discussed those in greater detail in yesterday's update.  Rather than attempt to condense and already-condensed explanation of esoteric market plumbing, here's the

Big-Time Bounce For Mortgage Rates After Hitting Long-Term Lows

In and of itself, today was quite awful for mortgage rates with conventional 30yr fixed rates moving up faster than on almost any other day in the past few years.  As unpleasant as that sounds, if you forget about the past 2 days, the average lender is still offering the lowest rate in well ove

Lowest Mortgage Rates in More Than a Year

As of Friday, the average top tier 30yr fixed mortgage rate was merely at the lowest levels of 2024.  A modest additional drop this morning brought that number to the lowest level since April 2023. In the big picture, rates have been moving consistently lower due to an ongoing bond market rally

Rates Plummet as The Market Buys Into The Big Shift

The events of this past week serve as an exclamation point in one of the many sentences that tells the story of the big shift away from the generationally high rates seen at the end of 2023.  The story has had its ups and down since then, but it had been going fairly well for fans of low rates