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While there was certainly plenty of volatility elsewhere in the financial market this week, there was almost none to be found in mortgage rates. Wed, Thu, and Fri all recorded the exact same level in MND’s 30yr fixed rate index–something that only happens a few times every year. Rates are based on bonds and bonds […]

Sometimes being tuned into daily mortgage rate changes means coming across other news about financial markets. In today’s case, that could expose you to anything from the massive selling of certain stocks earlier in the day or the unprecedented trading levels in various commodities.  While the financial market buzz may be centered on silver and

On some occasions, a rate announcement from the Federal Reserve (even one that results in no change to the Fed Funds Rate) can cause a huge move in mortgage rates. Today was not one of those days, but in its defense, it was never that likely to be. In order for a Fed announcement to

An investor has re-thrown down the gauntlet, challenging Costar Group management over its residential real estate foray via Homes.com. Processing Content In response, Costar compared Third Point to a disappointed child playing a board game who wants to throw its pieces off of the board. It was last year when alternative asset manager Third Point

Today was the 5th day in a row where mortgage rates moved at least a little bit lower. While rate movement is often the product of obvious underlying motivations in the economy or news headlines, today’s was small enough to obviate any intense investigation. It’s just as well considering such an investigation would have a

Mortgage rates trickled modestly lower again today for the 4th straight business day on Monday. The average top-tier 30yr fixed rate is the lowest it’s been since January 16th. The only catch is that it was quite a bit lower 2 weeks ago. Compared to today’s mark of 6.17% on MND’s daily rate index, mid-January

This week’s only real mortgage rate movement was seen at the outset on Tuesday morning (Monday was closed for the holiday) in response to geopolitical issues and tariff escalation potential. Rates recovered only modestly when those threats abated–a fact that had everything to do with the bond market refusing to return to last week’s levels

Mortgage rates may not be as low as they were before the weekend’s geopolitical headlines, but they’ve moved just a hair lower on each of the past two days. Specifically, our daily rate index is down to 6.19% after starting the week at 6.21% on Tuesday (up from 6.07% last Friday). While there was a

Markets held more sideways overnight as traders awaited further geopolitical developments today surrounding Greenland. Both stocks and bonds lost ground yesterday on the threat of additional tariffs (and counter-tariffs) as well as decreased participation in the US bond market from foreign wealth funds.  When bonds lose ground, rates move higher.  Bond market improvement was tentative

Mortgage rates jumped sharply higher on Tuesday in response to weakness driven by geopolitical events and overseas financial markets. After hitting lows of 5.99% for a few hours on January 9th and spending last week in the low 6’s, the average top tier 30yr fixed rate is back up to 6.21% today.  This matches the