Mortgage Rates Lower or Higher, Depending on When You Look
Intraday volatility in the bond market can make it tricky to track day over day changes in mortgage rates. Lenders publish the day's first rates based on bond market prices around 9:30-10:00am ET, but things can change if bonds move enough. Yesterday, bonds improved enough in the afternoon for many
Mortgage Rates Follow Oil Prices Lower
Fuel prices continue dictating most of the day-to-day momentum for interest rates and today was a notable example. Early this morning, news reports suggested progress in the peace process via Pakistani mediators. Oil prices dropped sharply in response and bond yields followed the move. Bond yields c
Mortgage Rates Drift Modestly Higher
For all practical purposes, Friday's mortgage rates were unchanged versus Thursday's, but if we're splitting hairs, the average lender rose 0.01% to 6.77% for a top tier 30yr fixed. While many news outlets continue focusing on the mid-week announcement regarding Treasury's bond buyback program, tod
Highest Mortgage Rates in Just Over a Week
While Freddie Mac's weekly mortgage rate survey may show rates moving slightly lower this week, today's rates are actually higher than they were at the same time last week (6.76% vs 6.69%). Financial news continued to focus on yesterday's announcement of Treasury buybacks after Secretary Bessent spo