It's been hard to find an interesting new angle on mortgage rates over the past 2+ weeks. They've been remarkably flat during that time after falling precipitously in response to the November 10th inflation data. Because rates are based on the bond market and...
Bond markets will be closed for Thanksgiving tomorrow. That means mortgage lenders won't be publishing new rates. While markets are technically open for a half day on Friday, it's just as well to consider it part of a 4-day weekend. Many mortgage lenders simply...
Rates are driven by bonds and mortgage rates are driven by mortgage-backed bonds. These bonds trade in the open market all day every day. Mortgage lenders set their rates based on the movement in those bonds. Thanksgiving week tends to sap a significant amount of...
Mortgage rates made their biggest recent move (and their biggest single day move ever) 2 Thursday's ago after a key report showed inflation was lower than expected in October. There has been some jockeying for position among various mortgage lenders since then, but...
As Brian B. reminds me, “In the New England you can tell the changing of the seasons by the changing color of the leaves. In Florida you can tell the changing of the seasons by the changing colors of the license plates.” Speaking of moves, geography, and distance, if...
The real estate market is changing every day. More than ever, these developments are producing confusion. What customers want is a professional who can make connections and clearly and simply explain their options. Agents that don't change to meet the demands of...
Mortgage rates moved lower for an impressive 4th straight day. That hasn't happened since late July, but there are a few caveats. First off, while the streak may be the longest in a few months, it's not the biggest. Rates fell at a faster pace at the end of...
There's no way to sugarcoat the situation in the bond market and, by extension, the mortgage and housing markets. Rates have risen at a nearly unprecedented pace, ushering in one of the quickest cooldowns on record. One of the only ways to find hope in this...
Let's talk about exactly what it means to see a mortgage rate headline in the news, or even from some seemingly official index or survey. In fact, let's start with rate quotes themselves. There are several ways of doing it and several reasons what you see might not...