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|Crazy Volatility Continues as Rates Head Back Up|
|9/29/2022 4:31 PM|
|"The following information is deemed reliable only through September 29th, 2022. After that, rates could be as much as .25-.50% higher or lower. " Every daily rate update needs to come with that sort of disclaimer these days. We"ve been seeing some of the biggest day-to-day changes (and intraday changes) since our daily record keeping ...Read More|
|Huge Reversal For Mortgage Rates. No Promises of Sustainability|
|9/28/2022 4:33 PM|
|If you"re just getting caught up, mortgage rates broke above 7% yesterday for the first time since 2002. Read our coverage to learn more about why rate quotes are all over the board: Yes, Mortgage Rates Are Now Over 7%, But It"s Complicated. Today was an entirely different day. In fact, rates dropped not only back below yesterday"s lev...Read More|
|Yes, Mortgage Rates Are Now Over 7%, But It"s Complicated|
|9/27/2022 12:49 PM|
|It"s no mystery that mortgage rates have been moving relentlessly higher in 2022. But how high is high? That will depend on a number of factors, including: The date and time of day of the quote (things change quickly) The lender in question (different lenders have slightly different pricing and can have vastly different quoting pra...Read More|
|Mortgage Rates Now at 20-Year Highs|
|9/26/2022 3:52 PM|
|The most recent historical high water market for mortgage rates was "14 years." It was broken so many times in September that we officially declared it to be boring last Tuesday. Now, less than a week later, 14-year highs would be more exciting than boring. As of mid-day today, we"re officially at 20 year highs. Perhaps it should...Read More|
|Heartbreaking Day Leaves Mortgage Rates Much Higher Than 6.29%|
|9/22/2022 6:39 PM|
|At the close of business yesterday, there was hope. Well, to be fair, there"s still hope, but it"s much less immediate, and it certainly isn"t the first thing that comes to mind today. Yesterday"s hope stemmed from a combination of factors. Rates had risen at a break-neck pace since the beginning of August, accelerating to ...Read More|
|Mortgage Rates Breathe Sigh of Relief After Fed Announcement|
|9/21/2022 5:15 PM|
|The Fed hiked rates today by 0.75%, and mortgage rates moved lower. If you don"t understand how those two things can happen on the same day, read this morning"s refresher here: No, The Fed Hike Doesn"t Mean Anything For Mortgage Rates. The underlying bond market (which dictates rates) was mixed. In this case, that means longer term bon...Read More|
|No, The Fed Hike Doesn"t Mean Anything For Mortgage Rates|
|9/21/2022 8:59 AM|
|The following is a copy and paste from a previous piece that always bears repeating on Fed day. If you"ve seen it before, there"s nothing new here. If you haven"t, or if you are expecting an immediate and equivalent change in mortgage rates when the Fed announces today"s rate hike, read on! NOTE: none of the following is meant to ...Read More|
|Highest Rates Since 2008 Are Officially Boring|
|9/20/2022 3:02 PM|
|Since last week"s inflation data, mortgage rates have pushed up to new 14 year highs every single day--not even "almost" every day, but every last one. So we"re declaring the highest rates since 2008 to be boring! Old news! Try something else, why don"t ya?! The caveat there is that we"d prefer not to see rates dig any deeper int...Read More|
|Mortgage Rates Surging to New 14-Year Highs|
|9/19/2022 4:29 PM|
|Mortgage rates had another moderately bad day to start the new week. The unfortunate thing about moderately bad days that occur when rates were already at 14 year highs is that we"re left with another new 14-year high. There were no new or interesting reasons for today"s rate spike. The bond market continues getting in posi...Read More|
|Big Fed Rate Hike Coming Next Week, But That"s Not What Matters|
|9/16/2022 4:07 PM|
|By this time next week, we will have heard from the Fed as they announce the next rate hike on September 21st. It will be big too. Just how big is a matter of debate. 0.75% is a safe starting point, but 1.00% will be on the table as well. The former would match July"s hike--the biggest since 1994. A 1.00% hike hasn"t b...Read More|