Author: Mortgage Interest Rates Report

Mortgage Rates Couldn’t Be Much Flatter (and That’s Great!)

Mortgage Rates Couldn’t Be Much Flatter (and That’s Great!)

Although mortgage rates ended the week slightly lower , they remain best-characterized as “flat, unchanged, and supremely lacking in volatility.” That doesn’t merely refer to this week, but to the entire month of June with perhaps one modest exception …

Mortgage Rates Hold Near 8-Month Lows After Fed

Mortgage Rates Hold Near 8-Month Lows After Fed

Mortgage rates fell modestly this week, keeping them in line with the best levels in more than 8 months. Even though the Fed hiked its short-term rates on Wednesday, mortgages (and other longer term rates) had already adjusted for that likelihood and i…

Rates Rise From 2017 Lows on Absence of Drama

Rates Rise From 2017 Lows on Absence of Drama

Mortgage rates moved higher this week after hitting 2017 lows last week. To be fair, they were still in line with those lows as this week began, but the 2nd half of the week was a different story. In general, rates found most of their motivation from t…

Rates Rise From 2017 Lows on Absence of Drama

Rates Rise From 2017 Lows on Absence of Drama

Mortgage rates moved higher this week after hitting 2017 lows last week. To be fair, they were still in line with those lows as this week began, but the 2nd half of the week was a different story. In general, rates found most of their motivation from t…

Lowest Mortgage Rates Since November

Lowest Mortgage Rates Since November

Mortgage rates fell to the lowest levels since November 10th, 2016 (when they were rapidly rising following the election). Several lenders are quoting top tier 30yr fixed scenarios under 4%. The key motivation was a weak jobs report . Payroll growth ha…

Rates Stay Flat, But Face Higher Stakes Next Week

Rates Stay Flat, But Face Higher Stakes Next Week

Mortgage rates were perfectly unchanged this week, having risen slightly heading into Wednesday’s Fed Minutes and falling afterward. There was very little drama, in general, especially compared to last week’s political headlines. The average lender con…

Major End-of-Week Reversal For Mortgage Rates

Major End-of-Week Reversal For Mortgage Rates

Mortgage rates moved higher to begin the week, ultimately hitting the worst levels in more than a month on Thursday. Traders were defensive and eagerly waiting for more justification (to push rates even higher) from Friday morning’s economic data. Inst…

Mortgage Rates Perfectly Unchanged Despite Busy Week

Mortgage Rates Perfectly Unchanged Despite Busy Week

Mortgage rates moved higher (then lower, lower, higher, and lower, in that order) this week–ultimately ending up in the exact same spot as last Friday. The lack of profound movement wasn’t due to a lack of potential market movers. There were several i…

Mortgage Rates Slightly Higher: Fed Coming Up Next Week

Mortgage Rates Slightly Higher: Fed Coming Up Next Week

Mortgage rates moved higher this week as financial markets reacted the French election and optimism ahead of Trump’s tax plan announcement. Once the announcement turned out to be less threatening than markets anticipated, rates eased back toward lower …

Rates Steady, But Next Week Could be a Different Story

Rates Steady, But Next Week Could be a Different Story

Mortgage rates were sideways to slightly higher this week as global financial markets braced for volatility surrounding this weekend’s French election. While it may seem like a world away from the domestic mortgage market, events that potentially impac…