Mortgage News

Good News and Bad News About Today’s Selling The bad news is that bonds resumed their weaker tendencies today with 10yr yields moving back up into the 4.6’s.  Culprits included stronger economic data, hawkish Fed comments, and possibly the fact that the […]

Tuesday marked the highest mortgage rates since November, capping a mini surge that began after last week’s inflation data. After a moderate improvement yesterday, rates moved back up toward (but thankfully not above) the recent highs today.  Financial markets reacted to stronger economic data […]

After the best day in a month and a half on Wednesday, the bond market is back to its recent habit of selling off and moving toward higher yields.  It looked the losses were set to be more modest at the beginning of the day, but things got worse after Fed’s Williams delivered a bit of a hawkish […]

What loan officer hasn’t had a memorable co-signing experience? Some more so than others. Along those lines, if you head to Disneyland or Disneyworld, and find bone chips or ashes on the floor of your favorite ride, it is probably not an accident. Nor is eking out a gain, or at least breaking […]

Too Soon to Say Higher Yields Are Bringing Buyers? Bonds enjoyed their best day in more than a month and a half on Wednesday, which can’t help but beg the question: why?  Days like today require a process of elimination and some guesswork.  We don’t have […]

Mortgage rates moved lower today after hitting the highest levels since mid November yesterday.  Some lenders were down as much as an eighth of a percent, which is on the bigger side for a day-over-day change for conventional 30yr fixed rates.  As nice as it is to see a big improvement, it’s […]

“We base our business model on lots of things, but not on our ability to predict rates.” Remember when there used to be “a flight to quality” when there was world unrest, and investors put their money into dollar-denominated assets? Long gone. Even if one knew exactly what was going to […]

The bond market is getting off to a stronger start today despite an absence of any new motivations in the news or economic calendar.  In fact, the calendar is essentially empty when it comes to market movers.  While we could make a case for some friendly spillover from European bonds, and while […]

Mortgage interest rates rose for the second straight week, and so did the volume of mortgage applications. The Mortgage Bankers Association (MBA) said its Market Composite Index, a measure of that volume, increased 3.3 percent on an adjusted basis from one week earlier and 4.0 percent before […]

The bad times keep rolling for mortgage rates with the average conventional 30yr fixed rate back up to 7.5% according to our daily index.  This is quite a bit higher than the major weekly indices for a few reasons.  First, the weekly indices haven’t been updated for the current week yet.  When […]