Daily Mortgage Rate Commentary Archive

Wed, 9:02 PM

Mortgage Rates Improve After Fed Announcement - Wed, 9:02 PM

The Fed cut its policy rate by 0.25% today and mortgage rates moved lower after the announcement. That said, those two developments are not related. In fact, there was no movement in the bond...

Tue, 8:59 PM

Can The Fed Pull Mortgage Rates Off The Ceiling? - Tue, 8:59 PM

Mortgage rates were surprisingly steady on Tuesday with most lenders roughly in line with Monday's levels. Why surprising? Because the bond market was noticeably weaker and bonds dictate d...

Mon, 9:02 PM

Mortgage Rates Start Week Near 3 Month Highs - Mon, 9:02 PM

Both stocks and bonds lost ground on Monday. This pushed mortgage rates up near their highest levels in just over 3 months (because mortgages are based on bond prices). To put the 3-month...

Fri, December 5, 9:06 PM

Mortgage Rates Could See More Volatility Next Week - Fri, December 5, 9:06 PM

Average mortgage rates drifted slightly higher to end the week, though they remained under the levels seen on Monday and Tuesday. Even then, none of this week's movement was especially abrupt. ...

Thu, December 4, 8:46 PM

Mortgage Rates Are Actually Higher This Week - Thu, December 4, 8:46 PM

Today's mortgage rates a just a hair higher than yesterday's and although yesterday's rates were reasonably close to last Friday's, they were still definitely higher. That last assertion is at ...

Wed, December 3, 9:02 PM

Mortgage Rates Back Down Near Recent Lows - Wed, December 3, 9:02 PM

Mortgage rates improved more noticeably today, and while the average rate isn't quite as low as it was last week, it's fairly close. Rates are based on movement in the bond market. Bonds...

Tue, December 2, 8:33 PM

Mortgage Rates Move Slightly Lower - Tue, December 2, 8:33 PM

Unlike Monday, which saw a fairly brisk move toward higher rates, Tuesday barely budged. Additionally, the budging occurred in a friendly direction with the average lender offering rates that wer...

Mon, December 1, 8:34 PM

Mortgage Rates Erase Last Week's Gains - Mon, December 1, 8:34 PM

Mortgage rates are based on bonds and the bond market is prone to erratic behavior on major holiday weeks. One of the more common patterns is for the holiday week to see a noticeable departure f...

Fri, November 28, 5:55 PM

Mortgage Rates Unchanged Versus Wednesday - Fri, November 28, 5:55 PM

As is most often the case, the Friday after Thanksgiving added nothing interesting to mortgage rate momentum. The average lender's top tier 30yr fixed rate is exactly where it was on Wednes...

Wed, November 26, 7:52 PM

Mortgage Rates Slightly Higher, But Remain Near Long-Term Lows - Wed, November 26, 7:52 PM

Wednesday was far less eventful than the first two days of the week as far as mortgage rates were concerned. The average lender raised rates just a hair, but apart from yesterday, these are the...

Tue, November 25, 9:04 PM

Lowest Mortgage Rates Since 10/28 And Very Close to 3-Year Lows - Tue, November 25, 9:04 PM

Mortgage rates moved nicely lower on Tuesday with the average lender very close to the 2025 lows seen in late October. These levels are effectively right in line with the lowest since late 2022....

Mon, November 24, 9:15 PM

Mortgage Rates Slightly Lower to Start Holiday-Shortened Week - Mon, November 24, 9:15 PM

Thanksgiving weeks can be weird for mortgage rates . This has to do with the fact that rates are dictated by the bond market and the bond market depends on real live people who can actually be o...

Fri, November 21, 6:53 PM

Mortgage Rates Nudge Lower to Remain In The Same Old Range - Fri, November 21, 6:53 PM

Recent stock market losses have gotten a lot attention in the news recently. While there's no reliable correlation between stocks and interest rates , when stock losses are as big as they have b...

Thu, November 20, 8:48 PM

Mortgage Rates Hold Steady Thanks to Jobs Report - Thu, November 20, 8:48 PM

Yesterday, we discussed the fact that mortgage rates were heading into Thursday with a disadvantage (for most lenders, anyway). This had to do with the fact that lenders prefer to avoid changin...

Wed, November 19, 8:19 PM

Rates Mostly Steady, But Some Signs of Trouble in The Afternoon - Wed, November 19, 8:19 PM

It was a complicated day for mortgage rates . Officially, at the time of this article, the average top tier 30yr fixed rate is a hair lower than it was yesterday. But rates are based...

Tue, November 18, 9:11 PM

Mortgage Rates Hold Steady Yet Again as Data Returns - Tue, November 18, 9:11 PM

With economic data being the most consistent source of motivation for rates, the market has been eager for it to return with the reopening of the government. While some higher profile reports hav...

Mon, November 17, 8:33 PM

Mortgage Rates Hold Steady to Begin New Week - Mon, November 17, 8:33 PM

The bond market (which dictates rates) was roughly unchanged over the weekend. As such, it's no surprise to see mortgage rates right in line with Friday's latest levels. For the average lender,...

Fri, November 14, 9:10 PM

Rates Rise on Friday, Now Near 2-Month Highs - Fri, November 14, 9:10 PM

Mortgage rates were only modestly higher on Friday, but because of the narrow prevailing range and previous increases this week, that brings us right in line with 2-month highs. Bonds (which d...

Thu, November 13, 8:25 PM

Mortgage Rates Near The Top of Recent Range - Thu, November 13, 8:25 PM

Mortgage rates rose somewhat sharply following the late October Fed meeting but have been in a relatively narrow range so far in November. The range is so narrow, in fact, that yesterday's...

Wed, November 12, 8:15 PM

Mortgage Rates Only Modestly Lower Despite Bond Market Improvement - Wed, November 12, 8:15 PM

Mortgage rates are based on bond market movement and bonds are much stronger today compared to Monday. Although bonds were closed yesterday for the Veterans Day holiday, there was an important p...

Mon, November 10, 8:39 PM

Mortgage Rates Edge Higher But Remain in November Range - Mon, November 10, 8:39 PM

Mortgage rates went into the weekend with a small cushion thanks to movement in the bond market on Friday. Specifically, bonds improved after mortgage rates came out for the day. If the improvem...

Fri, November 7, 7:24 PM

Mortgage Rates Rise Gently, But Still Well Below This Week's Highs - Fri, November 7, 7:24 PM

Wednesday's mortgage rates were the highest in roughly a month and very close to the highest levels in 2 months. This followed stronger economic data on that same morning. Rates moved b...

Thu, November 6, 9:29 PM

Nice Little Recovery For Mortgage Rates - Thu, November 6, 9:29 PM

As of yesterday afternoon, mortgage rates were right in line with the highest levels in more than a month. The upward momentum was largely a product of 2 specific days: the October 29th Fed ann...

Wed, November 5, 9:08 PM

Mortgage Rates Near 2-Month Highs After Today's Econ Data - Wed, November 5, 9:08 PM

A common recent refrain is that the bond market (which dictates interest rates ) is having to make do without many of the most important regularly-scheduled economic reports due to the governmen...

Tue, November 4, 9:33 PM

Mortgage Rates Hold Steady Near Recent Highs - Tue, November 4, 9:33 PM

The average top tier 30yr fixed mortgage rate was technically 0.01% higher than yesterday, but that's the smallest possible detected move. It's just as fair to say rates held steady today. ...

Mon, November 3, 8:32 PM

Highest Rates in Just Over 3 Weeks - Mon, November 3, 8:32 PM

Up until last week's Fed announcement, the average 30yr fixed mortgage rate was at the lowest levels in more than a year (in many cases, matching the same lows seen on September 16th--the day bef...

Fri, October 31, 7:43 PM

Mortgage Rates Recover Some of This Week's Lost Ground - Fri, October 31, 7:43 PM

After hitting the highest level in several weeks on Thursday, mortgage rates managed to move moderately lower on Friday. Counterpoint: Friday's rates are still the 2nd highest of the past 2 wee...

Thu, October 30, 7:42 PM

Mortgage Rates Are Anything But Lower This Week - Thu, October 30, 7:42 PM

Every now and then, a Thursday comes along where we have to set the record straight on what is actually going on with mortgage rates . That's because Freddie Mac releases its weekly mortgage rat...

Wed, October 29, 8:02 PM

Yet Again, Mortgage Rates Surge Higher After Fed Rate Cut - Wed, October 29, 8:02 PM

Today was not a foregone conclusion and there was no way to know ahead of time that it would end like this, but the outcome is exactly why we've gone to such lengths to warn you about the potenti...

Tue, October 28, 8:11 PM

Lowest Rates in a Year. Tomorrow's Fed Announcement Could Push Them in EITHER Direction - Tue, October 28, 8:11 PM

Rates have been flirting with long term lows over the past 2 weeks, but today made it official. Today's average top tier 30yr fixed rate perfectly matched that seen on September 16th, 2025....

Mon, October 27, 7:15 PM

Mortgage Rates Perfectly Flat to Start The Week - Mon, October 27, 7:15 PM

Mortgage rates fell to the lowest levels in a month last Tuesday and barely budged through the rest of the week. Now, at the start of the new week, the average lender is perfectly unchanged from...

Fri, October 24, 6:45 PM

Mortgage Rates Little-Changed Despite Decent Inflation Data - Fri, October 24, 6:45 PM

This morning brought the release of the much-anticipated Consumer Price Index (CPI). This is one of the two biggest inflation reports from the U.S. government, and the only government inflation r...

Thu, October 23, 7:22 PM

Mortgage Rates Seeing Some Underlying Pressure Ahead of Inflation Data - Thu, October 23, 7:22 PM

Mortgage rates were effectively unchanged on Thursday with the average lender very close to the best levels in over a year. But when it comes to the underlying bond market and the rates availabl...

Wed, October 22, 7:14 PM

Mortgage Rates Steady At Long Term Lows - Wed, October 22, 7:14 PM

Mortgage rates were perfectly unchanged today, on average. With that, they remain in line with the lowest levels in more than a year and very close to the lowest levels in more than 3 year...

Tue, October 21, 8:29 PM

Another Winning Day For Mortgage Rates - Tue, October 21, 8:29 PM

The bonds that underly mortgage rates were only slightly stronger today, but that's never a bad thing when they closed near the best levels in a year the previous day. Additionally, those bonds...

Mon, October 20, 7:23 PM

Another Boring Day With Mortgage Rates Near 3-Year Lows - Mon, October 20, 7:23 PM

Mortgage rates ended last week at the lowest levels in just over a month. It was the 3rd best day in over a year and the 24th best day in over 3 years. The other 23 days weren't too much lower e...

Fri, October 17, 6:22 PM

Rates Hold Steady Just Above 3 Year Lows - Fri, October 17, 6:22 PM

The average top tier 30yr fixed rate was unchanged on Friday despite the bond market being slightly weaker. Normally, weaker bonds mean higher rates, but the timing of intraday market movement ma...

Thu, October 16, 7:42 PM

Mortgage Rates Quickly Approaching Long-Term Lows - Thu, October 16, 7:42 PM

Despite a stark absence of any truly inspiring events, interest rates have managed to put in two fairly serious days of movement. In today's case specifically, there was an obvious intraday sur...

Wed, October 15, 8:26 PM

Mortgage Rates Slip to Another Multi-Week Low - Wed, October 15, 8:26 PM

Mortgage rates are based on bonds and bonds are trading at their best levels since September 17th. Of course there are different kinds of bonds, so we should specify that we're talking abo...

Tue, October 14, 9:02 PM

Mortgage Rates Maintain Last Week's Gains - Tue, October 14, 9:02 PM

Last week ended with mortgage rates dropping to their best levels since September 17th. Over the weekend, the underlying bond market maintained the gains seen on Friday afternoon, thus allowing...

Fri, October 10, 7:16 PM

Mortgage Rates Lowest Since Fed Day - Fri, October 10, 7:16 PM

Mortgage rates saw their biggest day-over-day decline of the past several weeks today in response to unexpected news regarding additional tariffs on China. Trump had previously been scheduled to...

Thu, October 9, 7:33 PM

Mortgage Rates Move Slightly Higher - Thu, October 9, 7:33 PM

It's getting pretty tough to weave an interesting narrative on mortgage rates over the past 3 weeks. During that time, they just haven't changed that much for the average lender. Today was just...

Wed, October 8, 7:00 PM

Mortgage Rates Remain Steady - Wed, October 8, 7:00 PM

Mortgage rates technically ticked a hair lower today, but it's more accurate to view them as being broadly sideways. Some lenders issued improvements yesterday afternoon. Those lenders wer...

Tue, October 7, 7:57 PM

Mortgage Rates Hold Steady in Tight Range - Tue, October 7, 7:57 PM

Mortgage rates have been in a very narrow range for nearly 3 weeks with the last major move seen on September 17th and 18th following the Fed rate cut. Paradoxically but not surprisingly, rates ...

Mon, October 6, 8:23 PM

Mortgage Rates Start The Week Near Recent Highs - Mon, October 6, 8:23 PM

Mortgage rates began the week right in line with their highest levels of the past 30 days. This sounds a bit more dramatic than it is because the past 2.5 weeks have been very narrow and t...

Fri, October 3, 7:51 PM

Mortgage Rates Lowest Since Fed Day - Fri, October 3, 7:51 PM

Mortgage rates moved just a bit lower today. Relative to any other day in the past 2 weeks, it was unremarkable. But because the range has been so narrow over that time, and because rates ...

Thu, October 2, 7:16 PM

Mortgage Rates Technically Lower, But Effectively Flat - Thu, October 2, 7:16 PM

If we're splitting hairs, today's mortgage rates are half a hair lower than yesterday's, but the average borrower might not see a difference in a rate quote. Our 30yr fixed rate index fell by t...

Wed, October 1, 7:16 PM

Mortgage Rates Remain Unchanged After Downbeat Employment Report - Wed, October 1, 7:16 PM

Mortgage rates are based on bonds and bonds take cues from economic data. Employment-related data is particularly important. The monthly jobs report from the Department of Labor is in a league o...

Tue, September 30, 7:08 PM

Mortgage Rates Continue Holding Narrow Range - Tue, September 30, 7:08 PM

Mortgage rates were just barely lower this morning versus yesterday's latest levels, but most borrowers won't see any major difference from any of the past 7 business days. Additionally, some le...

Mon, September 29, 7:55 PM

Mortgage Rates Hold Flat to Start New Week - Mon, September 29, 7:55 PM

It was an uneventful day for the bond market (and, thus, interest rates ) as investors wait for clarity on this week's potential government shutdown. It's not the shutdown itself that would nota...

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