Mortgage Rates Jump Back Up After Inflation Report and Treasury Auction

Mortgage rates have enjoyed 2 days of uncommonly big gains.  Granted, they come at the expense of horrific events and an exceptionally high starting point, but such is the nature of the underlying bond market. In other words, we're historically more likely to see strong surges toward lower rate

Mortgage Rates Inch Lower After Tuesday's Much Larger Drop

The holiday-shortened week began yesterday with a substantial decline in average mortgage rates.  Caveats abound, however.  They include things like the bond market making up for an extra day of trading due to the bank holiday, the flare up of the Israel-Gaza conflict, and a marked shift i

Mortgage Rates Sharply Lower

The average mortgage lender is quoting a top tier 30yr fixed mortgage rate that is nearly a quarter of a percent lower than the same scenario last Friday.  Granted, big moves like this are more common after hitting multi-decade highs, but today's example has other motivations. Specifically, the

Rates Surge Toward 8% After Jobs Data; Can "Spreads" Help?

Rates were already high coming into this week. As of last Friday, that meant an average 30yr fixed rate just under 7.5%. As of this Friday, we're closer to 8%. Certain lenders may be quoting lower rates, but that often involves the presence of discount points.  The Freddie Mac survey (orange li