Interest Rates

Mortgage Rates Rose Less Than Expected After Employment Data

Mortgage Rates Rose Less Than Expected After Employment Data

Today brought the hotly anticipated jobs report.  This is the “official” job count and unemployment rate data for the U.S. and no other report has as much consistent power to cause volatility in the rate market.  Today’s was particularly important because a perpetually decent labor market is the main justification for the Fed to wait […]

Mortgage Rates Rose Less Than Expected After Employment Data Read Post »

Lowest Rates in Over 2 Months

Lowest Rates in Over 2 Months

The average top tier 30yr fixed mortgage rate had already dipped to the lowest levels since May 1st at the start of the week.  Two additional days of modest improvement brings us to the lowest levels since April 4th as of today.   April 4th is probably a day that’s worth remembering.  If rates take out

Lowest Rates in Over 2 Months Read Post »

Mortgage Rates Hold Steady

Mortgage Rates Hold Steady

With Thursday being a federal holiday, banks (and more importantly, the underlying market for mortgage related bonds) were closed.  This means that lenders were not able to update mortgage rates.  It turns out that it wouldn’t have mattered either way as the average lender has barely budged from Wednesday’s levels.  But let’s not miss an

Mortgage Rates Hold Steady Read Post »

Scroll to Top