Mortgage rates were already drifting higher in the first half of the week, but that was nothing compared to today. This afternoon's Fed Announcement was certainly on the radar as a potential source of volatility. Needless to say, it de...
Mortgage rates had a great week last week, ultimately getting very close to the lowest levels since March. One of the main sources of motivation was the market phenomenon known as a "short squeeze." In not so many words, this means that too...
No, this isn't one of those click-bait headlines that promise to share "one weird trick" or proclaim "you'll never believe what happened next." Well, actually, some people might have a hard time believing this one. In the interest of respecting the tim...
Inflation is one of the mortal enemies of interest rates. If dollars in the future buy less stuff than they do today, investors need to set higher and higher rates on the money they lend in order to realize the same returns. With that in mi...
The bond market is the main ingredient that lenders use to determine lending rates. The mortgage market is no exception. In fact, mortgages have specific bonds that dictate the prices of loans that sold between investors on the secondary ma...
Mortgage rates haven't been in the habit of making epic swings recently. That's not a bad thing considering they continue to operate in very low territory in historical terms. For the average lender, today brought one of the bigger recent e...
All eyes were on the big jobs report this week. Traders were anxious to see if it would be strong enough to accelerate the timeline for key policy changes that would greatly impact rates. The bond market and indeed many homeowners remember 2013's taper...
Mortgage rates were higher again today with multiple lenders making additional upward adjustments in the middle of the day in response to bond market volatility. The prices/yields of certain bonds are the primary building blocks for lenders ...
In week-over-week terms, mortgage rates are modestly higher this afternoon compared to last Wednesday. In the slightly bigger picture, however, rates are best thought of as being flat since leveling off in late April after spending most of the mo...
