Author: Mortgage Interest Rates Report

Mortgage Rates Score Major Victory

Mortgage Rates Score Major Victory

Mortgage rates moved lower this week, with the biggest improvement arriving on Friday morning after the Consumer Price Index. This is a key inflation report that plays a role in determining how aggressive the Federal Reserve might be in raising rates (…

Mortgage Rates Remain Higher After Jobs Report

Mortgage Rates Remain Higher After Jobs Report

Mortgage rates recovered early in the week after hitting their highest levels in nearly 2 months last week. But the passage of a House bill paving the way for an eventual tax bill sent rates and stocks higher on Thursday. Then, an ultra-low reading of …

Mortgage Rates Remain Higher After Jobs Report

Mortgage Rates Remain Higher After Jobs Report

Mortgage rates recovered early in the week after hitting their highest levels in nearly 2 months last week. But the passage of a House bill paving the way for an eventual tax bill sent rates and stocks higher on Thursday. Then, an ultra-low reading of …

Mortgage Rates Higher After Tax Plan

Mortgage Rates Higher After Tax Plan

Mortgage rates went on a bumpy ride this week, ultimately matching their highest levels in roughly 2 months. The motivations were more complex, but the key development was the bond market’s reaction to the unveiling of the Trump Administration’s tax pr…

Mortgage Rates Higher on Fed Day, Stable Afterward

Mortgage Rates Higher on Fed Day, Stable Afterward

Mortgage rates continued higher this week with the key event being Wednesday’s Fed Announcement. As expected the Fed officially announced the start of it’s balance sheet normalization plan. This means they’ll be buying fewer bonds–something that helps…

Mortgage Rates Bounce Abruptly Higher

Mortgage Rates Bounce Abruptly Higher

Mortgage rates rose quickly during the first days of the week and spent the last 3 days leveling off. To put the move in context, the worst case scenario would be an eighth of a percentage point higher in rate from last week. That’s $14/month on a $200…

Mortgage Rates Bounce Abruptly Higher

Mortgage Rates Bounce Abruptly Higher

Mortgage rates rose quickly during the first days of the week and spent the last 3 days leveling off. To put the move in context, the worst case scenario would be an eighth of a percentage point higher in rate from last week. That’s $14/month on a $200…

Beneficial Volatility Pushes Rates to New 2017 Lows

Beneficial Volatility Pushes Rates to New 2017 Lows

Mortgage rates experienced a bit more volatility this week, but fortunately, it worked in our favor. The first dose of volatility came early, with weekend headlines concerning North Korea resulting in a nice move lower to start the week. Rates bounced …

Beneficial Volatility Pushes Rates to New 2017 Lows

Beneficial Volatility Pushes Rates to New 2017 Lows

Mortgage rates experienced a bit more volatility this week, but fortunately, it worked in our favor. The first dose of volatility came early, with weekend headlines concerning North Korea resulting in a nice move lower to start the week. Rates bounced …

Rates Bottom Out Early Then Drift Higher

Rates Bottom Out Early Then Drift Higher

Mortgage rates hit the best levels of the year (again) early this week but ended up drifting slightly higher by Friday. The initial motivation came from headlines concerning North Korea launching a missile that flew over Japan. That’s the sort of news …