Author: Mortgage Interest Rates Report

Cautious Trickle Brings Lowest Rates in 9 Months

Cautious Trickle Brings Lowest Rates in 9 Months

Mortgage rates moved lower again this week, but not by very much. Even so, it was enough to hit the best levels since November 2016 for many lenders. To put things in perspective, it’s entirely possible that any given borrower would see the exact same …

Lowest Rates in a Month

Lowest Rates in a Month

Mortgage rates moved lower this week, with the lion’s share of the improvement happening on Tuesday. There was very little by way of overt motivation for the move, although that’s not really required given the narrowness of the overall range. By Thursd…

Mortgage Rates Yawn at Fed Announcement

Mortgage Rates Yawn at Fed Announcement

Mortgage rates were slightly higher on the week with most of the movement happening on Tuesday AND without any overt motivation. That’s interesting considering the week’s biggest calendar event was Wednesday’s Fed Announcement. Normally, I’d say someth…

Mortgage Rates Lower For 2nd Straight Week

Mortgage Rates Lower For 2nd Straight Week

Mortgage rates moved lower this week, leaving them at new lows for the month . Over the past 2 weeks, rates have been recovering from a fairly abrupt move higher from late June through July 7th. That move was driven by concerns over the European Centra…

Mortgage Rates Erase Last Week’s Damage

Mortgage Rates Erase Last Week’s Damage

Mortgage rates reversed course this week, completely undoing last week’s moderately abrupt move higher. But they had help along the way. There were two key events that stood the best chance to inform this week’s rate momentum, and they did not disappoi…

Rates Hold Near 3-Month Highs, Demanding Defensiveness

Rates Hold Near 3-Month Highs, Demanding Defensiveness

Mortgage rates continued higher at a relatively faster pace this week, matching the worst 2-week pace since the US presidential election. At issue is the potential for the European Central Bank (ECB) to embark on a Fed-style “tapering” of its bond-buyi…

Mortgage Rates Appreciably Higher

Mortgage Rates Appreciably Higher

Mortgage rates moved appreciably higher from Tuesday through Friday. In terms of upward movement, this has been the worst week for mortgage rates since early March, 2017. Most borrowers are now seeing rates that are a full eighth of a point higher than…

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…