Decent Recovery For Mortgage Rates, But Huge Volatility Potential Ahead

Mortgage rates roughly matched their highest levels in months yesterday, but managed to turn things around today.  One could argue that the broader bond market (which dictates rates) began to turn things yesterday morning and that the only reason rates moved higher was the overnight bond market

Mortgage Rates Near Highest Levels Since February

Mortgage rates moved up somewhat abruptly today as the bond market lost more ground over the weekend.  Rates are driven primarily by bonds, but mortgage lenders tend to only update rates once per day unless the bond market is moving very quickly. With that in mind, bonds were losing ground on F

Mortgage Rates Surprisingly Steady Despite Strong Jobs Report

Data dependent... That's a phrase that is all too prevalent in financial markets and among members of the Federal Reserve.  It refers to the fact that economic data will guide the future path of interest rate decisions.   While rates always depend on data, the data outlook isn't alway

Nice Move Lower in Mortgage Rates Ahead, But Tomorrow is a New Day

Mortgage rates may have been able to claim some resilience over the past few days, but it hasn't been a great week in general.  The average lender jumped quickly over 7% for a top tier conventional 30yr fixed rate on Monday.  The next two days were much less interesting. Now today, the not