Mortgage Rates Jump Back Up to 7-Month Highs

Mortgage rates hit 7-month highs last Friday, but recovered fairly nicely on the first two days of the present week. The past 2 days have been a bit rough, unfortunately. Over that time, the average top-tier 30yr fixed rate rose 0.14% to 6.43%--just a bit higher than last Friday's 6.41%. Whereas mor

Mortgage Rates Move Back Up Near Recent Highs

Mortgage rates got hit 3 times on Wednesday, with the net effect being a move back up to the highest levels in several months. The average lender isn't quite as high as they were last Friday, but after late-day "reprices" many are fairly close.  The least of the bond market's concerns (bonds di

The Fed Isn't Doing Anything to Mortgage Rates on Wednesday

It was a fairly uneventful day for mortgage rates, but also a fairly decent one. The underlying bond market made modest gains even without meaningful cues from oil prices. Lately, oil price volatility has been the most visible motivation for bonds and, thus, interest rates. After cresting 6.40% last

Report: Earlier Homebuying Builds More Wealth

Homebuyers who purchase earlier gain more equity over time, leading to a $119K net worth gap by age 50 compared to those who wait.