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A common recent refrain is that the bond market (which dictates interest rates) is having to make do without many of the most important regularly-scheduled economic reports due to the government shutdown. While this means rates must “fly blind” on many of the days that would normally coincide with these government economic reports, there are […]

The average top tier 30yr fixed mortgage rate was technically 0.01% higher than yesterday, but that’s the smallest possible detected move.  It’s just as fair to say rates held steady today. While it’s always nice to avoid a more serious rate spike on any given day, by holding flat, rates are remaining in line with

Dear Readers, Next week, we’ll be introducing the redesigned National Mortgage News home page, a transformation inspired by how today’s mortgage industry professionals learn, connect, and grow. Our goal was simple: to make it easier for you to access everything National Mortgage News has to offer. While our award-winning journalism remains at the heart of

Up until last week’s Fed announcement, the average 30yr fixed mortgage rate was at the lowest levels in more than a year (in many cases, matching the same lows seen on September 16th–the day before the previous Fed announcement). Although these past 2 post-Fed episodes have resulted in somewhat volatile bounces, rates are still far

After hitting the highest level in several weeks on Thursday, mortgage rates managed to move moderately lower on Friday. Counterpoint: Friday’s rates are still the 2nd highest of the past 2 weeks and still meaningfully higher than last Friday’s (6.28% vs 6.19% in terms of MND’s rate index). The improvement makes it clear that lenders

Today was not a foregone conclusion and there was no way to know ahead of time that it would end like this, but the outcome is exactly why we’ve gone to such lengths to warn you about the potentially paradoxical reaction to a Fed rate cut.  Too many people repeat the fallacy that mortgage rates

Lowest Rates in a Year. Tomorrow’s Fed Announcement Could Push Them in EITHER Direction Rates have been flirting with long term lows over the past 2 weeks, but today made it official.  Today’s average top tier 30yr fixed rate perfectly matched that seen on September 16th, 2025.  That’s the lowest it’s been since September 2024,

Mortgage rates fell to the lowest levels in a month last Tuesday and barely budged through the rest of the week. Now, at the start of the new week, the average lender is perfectly unchanged from last Friday. This means there are only a small handful of days with meaningfully lower rates going all the

Dear Readers, The reporting team at National Mortgage News strives to give you accurate, up-to-the-minute information on what’s happening in the mortgage lending space. Unfortunately, we accidentally published inaccurate numbers in the reporting on Waterstone Mortgage’s Q3 earnings and so have corrected the report to properly reflect their performance. See the updated story here: Waterstone