Mortgage Rates Slightly Higher to Start Pivotal Week

There's been a noticeable uptick in mortgage rate volatility over the past two weeks with a quick spike at the end of May, a nice drop in early June and then another spike last Friday following the jobs report.  Of course everything's relative, so in objective terms, it was roughly a 0.30% roun

Rate Optimism Put To The Test by Jobs Report

There's a strong case to be made for the fact that interest rates had a sunny predisposition this week.  In practical terms, that simply meant giving more credence to rate-friendly news and trying harder to overlook unfriendly news. But the predisposition was put to the test in a major way with

Mortgage Rates Hold Steady Ahead of Important Economic Data

The outcome of certain economic reports will determine whether the next big move in interest rates is higher or lower.  Two reports are more important than all others in that regard and we'll get both of the them by next Wednesday. Tomorrow's jobs report is the more pressing matter.  It ma

Mortgage Rates Improve Again, Despite Headwinds From Economic Data

The phrase "data dependent" is ingrained in the current bond market psychology for good reason.  Weaker trends in economic data will reliably cause the Fed to cut rates when the time comes.  This is particularly true for inflation-related data, but other reports still matter.  One of