Inflation Data Continues Paving The Way For (Eventual) Rate Cuts

This week's most important economic data was the PCE price index which is the gold standard of big picture inflation measurement. For those hoping to see rates drop, it was important for PCE to confirm the progress seen in the CPI data (the other major inflation index that came out 2 weeks ago).&nbs

Mortgage Rates Inch to Another Short Term High

Mortgage rates continue moving in very small steps from day to day--something that's been the case since the Consumer Price Index (CPI) more than 2 weeks ago.  Unfortunately, more of those steps have been higher in the past week, and today is no exception for most lenders. This is counterintuit

Mortgage Rates Move Up To 2 Week Highs After Starting Out Flat

Mortgage rates technically moved up to the highest levels in 2 weeks today, but that sounds a bit more dramatic than it actually is.  Rates have largely held inside a narrow range close to the lowest levels in 6 months during that time.  Today's weakness in the bond market just happened to

Mortgage Rates Stay Boring, But For How Long?

Spats of volatility in the mortgage rate world seem to last only a matter of hours recently and to occur only a few times on any given month.  The rest of the time is spent drifting mostly sideways waiting for the next big shoe to drop. We've been decisively locked in one of those "drifting" mo