Mortgage Rates Continue Higher For Third Straight Day

For the entire 2nd half of June, it was easy to be spoiled by the absence of volatility in mortgage rates. During that time, rates were either lower or unchanged every single day. The past few business days have been a different story. This began last Wednesday as the bond market began a small corre

Mortgage Rates Rose Less Than Expected After Employment Data

Today brought the hotly anticipated jobs report.  This is the "official" job count and unemployment rate data for the U.S. and no other report has as much consistent power to cause volatility in the rate market.  Today's was particularly important because a perpetually decent labor market

Rates Finally Rise Ahead of Jobs Report

Mortgage rates have generally been falling since May 21st and have done nothing but move lower for more than 2 weeks.  That winning streak finally came to an end today with the average lender moving up 0.06% for a top tier 30yr fixed quote. While that's a moderately big jump for a single day, i

Mortgage Rates Hold Steady at 3 Month Lows

It's been 88 days since the average 30yr fixed mortgage rate was as low as it is today--close enough to 3 months.  Some lenders may be higher or lower than they were yesterday depending on whether or not changed rates yesterday afternoon. Mortgage lenders prefer to set rates once per day, but c