Mortgage rates definitely hit the lowest all-time lows of all-time last week, at least for conventional 30 yr fixed scenarios without many risk-based adjustments.  The most recently available Freddie Mac rate survey (which drives a majority of mortgage rate headlines) reported all-time lows as of last Thursday.  Indeed, that was still true as of early Thursday, but things…

Mortgage rates were unchanged today for the average lender.  That means they remain at all-time lows that are even lower than the all-time lows seen during the previous 3 business days.  Even so, today’s underlying market movement might be a bit of a wake-up call for anyone waiting to lock an interest rate. In general, the decision…

Mortgage rates barely budged for the third straight day, which is welcome news considering they are at all-time lows. The stability comes in spite of at least two important economic reports that would normally push rates unequivocally higher according to past precedent. These include last Thursday’s big jobs report and a key barometer of the…

Mortgage rates were unchanged to slightly lower today, bringing the average lender right in line with all-time lows.  Averages aside, several lenders are slightly higher than they were on Friday.  Either way, the movement was minimal over the weekend. Beyond that, no conversation about all-time low rates would be complete without several of these recently relevant caveats:…

Mortgage rates moved modestly lower today, bringing the average lender very close to all-time lows.  The caveat continues to be that day-to-day rate changes have been small ever since hitting the confirmed all-time lows on June 11th.  Realistically, if you locked in a rate any time in the past 4 weeks, you did very well.  The same…

Mortgage rates joined many other sections of financial markets late yesterday in doing almost absolutely nothing.  Both stocks and bonds were almost perfectly flat.  Neither was overly interested in responding to economic data or Round 2 of Fed Chair Powell’s congressional testimony.  That’s not too surprising considering today’s economic data wasn’t hotly anticipated and Powell…

NOTE: I hope this finds you and your loved ones safe and sound! Our Lending Team and Loan Networks are helping families work thru today’s financial challenges facing many Homeowners.  While Mortgage Rates are at all time loans on many products, Mortgage Backed Securities investors are assessing the Forbearance details from FNMA recently for 3 Million…

Mortgage rates dropped quickly today.  This wasn’t necessarily destined to be the case this morning, but after the Fed released its most recent policy announcement, mortgage-backed bonds improved significantly, thus allowing lenders to offer lower mortgage rates via mid-day price changes. Bonds loved what the Fed had to say because the announcement unequivocally committed to ongoing bond purchases in…

Today’s big question is really for “how long” are rates going to stay so low? Yesterday’s data has direct implications for tomorrow’s significantly more important data (the big jobs report).  If it were to sing a similar tune, there’s little doubt that Treasury yields would remain under pressure to move higher.  But what about mortgage rates?  Yes,…