Mortgage Rates Quickly Approach 2-Year Highs

Mortgage rates move abruptly higher today, bringing the average lender very close to the highest levels in more than 2 years.  As it stands, rates are officially at 17-month highs, with June 26th, 2015 being the last day where rates were any higher.  Prior to that,...

Mortgage Rates Continue Fighting to Build a Ceiling

Mortgage rates stayed mostly steady today, on average.  For the record, that means some lenders were in slightly better shape versus yesterday’s latest levels while others were in worse shape.  This is always the case on days where rates remain unchanged on...

Mortgage Rates Hold Steady at 17-Month Highs

Mortgage rates called in sick today, effectively doing nothing to move higher or lower from last Friday, on average.  For the record, that means some lenders will have improved just slightly while others are in slightly worse shape.  In all cases, the movement is...

Rates Rip to Highest Levels Since July 2015

It was all pain, all the time for mortgage rates today.  Since the election, the average conventional 30yr fixed rate has risen roughly 0.5%, putting  November 2016 on a short list of 4 worst months in more than a decade.  Two of those months were back to back amid...

Mortgage Rates Jump Back to Highs

Mortgage rates may have caught a break yesterday, but today is a different story.  Or perhaps it’s a different kind of break… a bad one… more of a compound fracture really.  Not only did rates resume their move higher, but they skipped right to new...

Mortgage Rates Finally Catch a Break

Mortgage rates finally caught a break today, moving somewhat lower after hitting the highest levels of the year yesterday afternoon.  In fact, several lenders moved rates even higher to start the day today, due to weakness in bond markets this morning.  As the day...