NAR: November Pending Home Sales Remain Steady

The National Association of Realtors said declining mortgage rates “sparked a surge in interest.” 

Mortgage Rates Inch Modestly Higher From 7 Month Lows

Yesterday was the most interesting day of the past 2 weeks, but that's not saying much.  The past 2 weeks have been the calmest for mortgage rates in more than a year with the average lender essentially unchanged since December 14th.  Yesterday's excitement came in the form of a more norma

Mortgage Rates Down to Another 7 Month Low, But Just Barely

The most notable accomplishment for mortgage rates today was the fact that they moved by a normal amount compared to the previous day.  That's the first time that's happened in 7 days (the calmest, flattest 7 days in more than a year). While that may be notable, it's not a very interesting head

Uncanny Absence of Volatility Continues For Mortgage Rates

After dropping precipitously from over 8% in late October to well under 7% by December 14th, mortgage rates have been stone silent.  In the 7 business days that have followed, the average top tier 30yr fixed rate hasn't moved enough to impact the typical mortgage quote.  Our index has drif