Mortgage Rates Much Calmer Today

After starting the week with a fairly large jump, mortgage rates had a much calmer day on Tuesday.  This was made all the more impressive by the fact that the underlying bond market suggested another increase earlier this morning. To be fair, the average mortgage lender was definitely showing n

Mortgage Rates Sharply Higher to Start The Month

March ended with a streak of some of the flattest day-over-day changes in mortgage rates on record.  It was all but certain that the new week/month would bring a change to that sideways trend, but the reality has immediate and abrupt. Right at the start of domestic trading hours, bonds began to

Near Record Setting Week For Boredom Among Mortgage Rate Watchers

Unfortunately, we don't have a great way to measure all of the past precedents, but it's safe to say that the this was one of the least volatile weeks in the history of mortgage rates.  Our daily rate index never moved more than 0.01 and it remained in a 0.01 range. Today's average rate was rig

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