Super Steady Streak Sustained

There are probably only a few 4-day streaks with effectively no movement in mortgage rates, and this is one of them.  After falling to 6.91% last Friday, the MND rate index hasn't moved more than 0.01%. Granted, some lenders have been higher or lower during that time, but they offset each other

Mortgage Rates Barely Budge For 2nd Straight Day

After moving back under 7% last week (conventional, 30yr fixed, top tier scenario), mortgage rates have been increasingly unlikely to move.  Today was the 2nd day in a row with essentially no change for the average lender. Rates are driven by bonds and bonds are waiting on the most relevant eco

Mortgage Rates Basically Unchanged Over The Weekend

Mortgage rates enjoyed a decently strong week last week, with the average top tier conventional 30yr fixed rate moving down to 6.91% by Friday from 7.09% on the previous Friday.  To put today's "unchanged" headline in perspective, that same number is up to 6.92% this afternoon. To put all of th

Mortgage Rates Now Lowest in Nearly 2 Weeks

As the broader market continued rubbing its eyes in disbelief over the Fed's exceptionally calm attitude on inflation, bonds continued to improve today.  Stronger bonds mean lower rates.  The average mortgage lender was able to drop rates to the lowest levels in nearly 2 weeks--just a hair