Daily Mortgage Rate Commentary Archive

Fri, July 31, 5:36 PM

Mortgage Rates Back Near Long-Term Highs - Fri, July 31, 5:36 PM

To be fair, mortgage rates haven't been far from their long-term highs in over a week, but today's 30yr fixed index level of 6.83% is functionally equivalent to the actual long-term high of 6.8...

Thu, July 30, 6:52 PM

Mortgage Rates Sideways to Slightly Lower - Thu, July 30, 6:52 PM

It's not at all uncommon for mortgage rates to experience microscopic movement in either direction on any given day. In fact, it's probably the most common eventuality over time. In that sense,...

Wed, July 29, 7:53 PM

Mortgage Rates Slightly Higher Despite No Fed Rate Hike - Wed, July 29, 7:53 PM

Heading into today's Fed announcement, futures markets indicated roughly a 1 in 3 chance that the Fed would hike rates. They did not. This seems like it should have been good news for rates, but ...

Mon, July 27, 6:44 PM

Mortgage Rates Roughly Unchanged Versus Friday's Lows - Mon, July 27, 6:44 PM

After bottoming out around 6.5% in late June, mortgage rates moved steadily higher this month, ultimately hitting 6.85% last Thursday--the highest level in over a year. There was a modest recov...

Fri, July 24, 7:06 PM

Mortgage Rates Recover Modestly From Long-Term Highs - Fri, July 24, 7:06 PM

If you're just tuning in, mortgage rates had a rough day yesterday on top of a rough week overall. The result was the highest 30yr fixed rate in over a year with our index moving up to 6.85%. A...

Thu, July 23, 5:41 PM

Highest Rates in Over a Year, But There's a Silver Lining - Thu, July 23, 5:41 PM

Mortgage moved higher today, and while the jump was no larger than the one seen on Monday, both were 'above average' and both took rates in the wrong direction. In addition, the steady weakness t...

Wed, July 22, 7:47 PM

Mortgage Rates Inch Up to 11-Month High - Wed, July 22, 7:47 PM

We have bad news and slightly less bad news. Starting with the latter, today's mortgage rates are only marginally higher than they were yesterday with the average top tier 30yr fixed rate up 0....

Tue, July 21, 7:29 PM

Rates Match Longer-Term High For The 3rd Time in 2026 - Tue, July 21, 7:29 PM

In late July, 2025, 30yr fixed rates embarked on an excellent adventure, moving down from 6.75% on July 31st to 5.99% by late February, 2026. Since then, things haven't been great thanks to war-r...

Mon, July 20, 7:10 PM

Mortgage Rates Bouncing Higher to Start The Week - Mon, July 20, 7:10 PM

Last week ended on a promising note with Friday's rates falling just barely below the previous Friday's levels. This was a relief after the top-tier 30yr fixed rate matched 11-month highs for the...

Fri, July 17, 6:41 PM

Mortgage Rates End Week at Lows - Fri, July 17, 6:41 PM

The good news is that mortgage rates ended the day at their lowest levels of the week. That's welcome news after Monday's rates matched the highest seen since July 2025. Today's improvement cam...

Thu, July 16, 7:27 PM

Mortgage Rates Move Slightly Higher - Thu, July 16, 7:27 PM

While some news stories suggest that rates are the highest in 11 months today, that's not quite true. The highest rates of the year were seen on July 13th and May 19th when our 30yr fixed index h...

Wed, July 15, 6:40 PM

Mortgage Rates Fall to Lowest Levels in a Week - Wed, July 15, 6:40 PM

Mortgage rates moved lower again today following another lower-than-expected reading on an inflation report. Yesterday's Consumer Price Index (CPI) had a bigger impact on the underlying bond mar...

Tue, July 14, 7:17 PM

Mortgage Rates Stage Moderate Recovery From Long-Term Highs - Tue, July 14, 7:17 PM

Our daily 30yr fixed rate index hit 6.75% yesterday. This matched the high from May 19th and is the highest level since late July 29, 2025. The key contributor to the recent spike has been the up...

Mon, July 13, 8:12 PM

Mortgage Rates Near 1-Year Highs - Mon, July 13, 8:12 PM

Interest rates are based on bonds. Because the bonds underlying the average mortgage are fixed rate, inflation is the enemy. Imagine you're an investor fronting the money for a fixed-rate mortga...

Fri, July 10, 6:39 PM

Mortgage Rates End Week Roughly Unchanged - Fri, July 10, 6:39 PM

Rates are based on bonds and bonds have been taking cues from oil prices this week. Oil was flat overnight, bringing bonds along for the sideways ride. As such, the average mortgage lender began ...

Thu, July 9, 7:39 PM

Rates Recover Modestly - Thu, July 9, 7:39 PM

Mortgage rates were rapidly approaching 10-month highs as of yesterday afternoon. They managed a friendly bounce today, but it was fairly small with the average lender dropping 0.03% to 6.5% for...

Wed, July 8, 7:03 PM

Mortgage Rates Back Up Near 10-Month Highs - Wed, July 8, 7:03 PM

Mortgage rates have moved higher at a moderate pace over the past 2 days as tensions between The U.S. and Iran see a resurgence. As far as the underlying bond market is concerned, most of the da...

Tue, July 7, 6:53 PM

Rates Move Back Up With Oil Prices - Tue, July 7, 6:53 PM

It's been a while since oil prices were the focal point of the interest rate conversation, but that recently familiar dynamic is once again playing out. The U.S./Iran peace deal is on increasingl...

Mon, July 6, 7:23 PM

Mortgage Rates Start New Week Flat - Mon, July 6, 7:23 PM

Volatility is always a risk surrounding 3 day holiday weekends when it comes to markets and mortgage rates , but this time around, things have been very calm. The average top-tier 30yr fixed rat...

Thu, July 2, 5:05 PM

Mortgage Rates Recover Somewhat - Thu, July 2, 5:05 PM

Today is a half day for financial markets, which is a typical feature of a federal holiday weekend. Because tomorrow is fully closed, the big jobs report (normally a Friday affair) was instead re...

Wed, July 1, 7:15 PM

Mortgage Rates Jump to Highest Levels in a Week - Wed, July 1, 7:15 PM

In a real sense, today's rate update is more of an addendum to yesterday's rate update. Yesterday afternoon saw heavy, continued selling in the bond market amid a flood of trading associated with...

Tue, June 30, 6:39 PM

Mortgage Rates Edge Modestly Higher - Tue, June 30, 6:39 PM

Starting last Thursday, mortgage rates have barely budged. In terms of our 30yr fixed index, the maximum day-over-day change has been 0.02% since then. The past 3 business days have seen rates ...

Mon, June 29, 7:07 PM

Mortgage Rates Inch to Another 6-Week Low - Mon, June 29, 7:07 PM

Mortgage rates ended last week at the lowest level since May 14th. Most of the recent drop happened last Wednesday, but each day since then has added a microscopic improvement. Today was no exce...

Fri, June 26, 7:06 PM

Mortgage Rates End Week at Lows - Fri, June 26, 7:06 PM

Mortgage rates officially hit their lowest level in more than a month yesterday with MND's 30yr fixed index falling to 6.53% from 6.55% on Wednesday. Today was completely unchanged at 6.53%, thu...

Thu, June 25, 5:45 PM

Lowest Mortgage Rates Since May 14th - Thu, June 25, 5:45 PM

Mortgage rates had a great day yesterday, moving within 0.01% of the lowest levels in more than a month. They dropped just a bit more today and are now officially the lowest they've been since M...

Wed, June 24, 6:52 PM

Mortgage Rates Quickly Approaching 1-Month Lows - Wed, June 24, 6:52 PM

Rate momentum shifted noticeably on Wednesday. The underlying bond market saw heavy buying in pre-market trading--likely a result of large-scale quarter-end rebalancing among the largest money ma...

Tue, June 23, 7:31 PM

Rates Hold Mostly Steady Despite Bond Market Improvement - Tue, June 23, 7:31 PM

Mortgage rates may be based directly on the bond market, but the two don't always move in perfect lock-step. Today was a good example of that. Bonds improved enough for rates to move modestly lo...

Mon, June 22, 7:57 PM

Mortgage Rates Bounce Back Toward Recent Highs - Mon, June 22, 7:57 PM

Mortgage rates gave back the improvement seen last Thursday and broke above last Wednesday's levels to hit the highest mark since June 10th. This isn't a big range in the bigger picture, but it ...

Thu, June 18, 4:46 PM

Mortgage Rates Stage Decent Recovery of Post-Fed Losses - Thu, June 18, 4:46 PM

Mortgage rates spiked yesterday after the Fed announcement. The primary driver was the Fed's revised outlook for potential rate hikes later this year. Because the Fed Funds Rate governs ultra-sh...

Wed, June 17, 8:09 PM

Mortgage Rates Spike in Response to Fed - Wed, June 17, 8:09 PM

Mortgage rates quickly erased a week of progress this afternoon following the Fed announcement and press conference. Fed announcement day historically has several components: the announcement it...

Tue, June 16, 7:56 PM

Mortgage Rates Lowest Since May 14th - Tue, June 16, 7:56 PM

Today's top tier 30yr fixed rate was 6.54% for the average lender. You'd have to go back to May 14th's reading of 6.52% to see anything lower. The latest improvement follows another moderate drop...

Mon, June 15, 7:51 PM

Mortgage Rates Hit One-Month Lows - Mon, June 15, 7:51 PM

The bad news: mortgage rates didn't fall quite as much as one might have expected following the confirmation of the Iran peace deal. The good news: rates had already begun pricing in the peace ...

Fri, June 12, 6:51 PM

Mortgage Rates Near Lowest Levels in Weeks - Fri, June 12, 6:51 PM

Some national headlines are pointing out that mortgage rates are higher this week. Those are based on weekly survey data which can often be stale compared to daily rate movement. Actual average...

Thu, June 11, 8:00 PM

Rates Drop Sharply to One Week Lows - Thu, June 11, 8:00 PM

Mortgage rates began the day in uneventful fashion with the average lender right in line with yesterday's latest levels. Things might have gotten off to a slightly better start, but higher infla...

Wed, June 10, 6:32 PM

Mortgage Rates Remain Almost Perfectly Flat - Wed, June 10, 6:32 PM

There's been remarkably little change in mortgage rates so far this week. Monday saw a modest increase vs Friday, but since then, there's been essentially no change. Today's rates were technica...

Tue, June 9, 7:42 PM

Mortgage Rates Hold Perfectly Steady - Tue, June 9, 7:42 PM

Mortgage rates put an end to the most recent spike that followed last Friday's jobs report. Most of the upward movement happened on Friday, but yesterday offered a modest aftershock. Those two d...

Mon, June 8, 8:33 PM

Mortgage Rates Just a Bit Higher After Last Week's Jump - Mon, June 8, 8:33 PM

The average top-tier 30yr fixed mortgage rate rose 0.08% last Friday after the jobs report came in much stronger than expected. Today added another 0.02% of upward movement. Today's level of 6.68...

Fri, June 5, 6:29 PM

Mortgage Rates Jump After Strong Jobs Report - Fri, June 5, 6:29 PM

Over the past three months, mortgage rate movement has been driven primarily by developments in the Iran war. It's not that war, itself, is a consideration, but rather the implications for fuel p...

Thu, June 4, 7:13 PM

Mortgage Rates Lower Today, But in a Narrow Range - Thu, June 4, 7:13 PM

After hitting long-term highs on May 19th, mortgage rates dropped somewhat quickly by May 26th. Ever since then, they've been moving back and forth in a very narrow range. Today's movement happ...

Wed, June 3, 7:03 PM

Mortgage Rates Move Back Up With Oil Prices - Wed, June 3, 7:03 PM

Imagine being stuck at home watching TV for 3 months and only being able to stream one show. That's been the case for the bond market (which dictates interest rates ) since the beginning of Marc...

Tue, June 2, 7:59 PM

Mortgage Rates Move Modestly Lower - Tue, June 2, 7:59 PM

It was an uneventful day for the bond market and, thus, mortgage rates . Unlike the average trading day of late, there were no conspicuous war-related headlines making for shocks to oil prices. ...

Mon, June 1, 7:33 PM

Rates Pull Back Slightly - Mon, June 1, 7:33 PM

Following last week's relatively strong move to the lowest levels since May 14th, mortgage rates bounced slightly higher to start the news week. The move followed a clear shift in the Iran war ...

Fri, May 29, 5:34 PM

Mortgage Rates Set to End Week Much Lower - Fri, May 29, 5:34 PM

While there are still a few hours left in the trading day, it's a near certainty that this week will end with mortgage rates at meaningfully lower levels compared to last Friday. Today is only ...

Thu, May 28, 7:08 PM

Mortgage Rates Officially Hit 2 Week Lows - Thu, May 28, 7:08 PM

We were close yesterday and we officially arrived today. Mortgage rates may still be elevated compared to almost all of the past 10 months, but they're the lowest they've been since May 14th.&n...

Wed, May 27, 7:47 PM

Mortgage Rates Hold Lowest Level in Nearly 2 Weeks - Wed, May 27, 7:47 PM

Early in the trading session, the bond market began improving in response to more updates on a potential Iran peace deal. When bonds improve, rates fall, but the initial reaction proved short-liv...

Tue, May 26, 6:48 PM

Mortgage Rates Move Moderately Lower - Tue, May 26, 6:48 PM

Although mortgage rates are still relatively close to their highest levels in 9 months, they continue moving lower after hitting those highs as the beginning of last week. Today's improvement f...

Fri, May 22, 5:19 PM

Mortgage Rates End Week Roughly Unchanged - Fri, May 22, 5:19 PM

Mortgage lenders rely on the bond market to generate mortgage rates . In addition to being fully closed on Monday for Memorial Day, bonds also close 3 hours earlier than normal on the preceding ...

Thu, May 21, 6:40 PM

Mortgage Rates Recover After Starting Higher - Thu, May 21, 6:40 PM

After posting a decent recovery from 9-month highs yesterday, it looked like mortgage rates were destined to bounce back toward slightly higher levels today. In fact, when lenders released thei...

Wed, May 20, 6:58 PM

Mortgage Rates Recover All of Yesterday's Losses - Wed, May 20, 6:58 PM

Wednesday brought some much-needed relief for the mortgage market after rates surged to new 9 month highs of 6.75% yesterday. Whereas that rate spike was decoupled from the prevailing narrative o...

Tue, May 19, 7:28 PM

Mortgage Rates Jump Again, Now up 0.75% Since Start of The War - Tue, May 19, 7:28 PM

It was another rough day for the bond market and, thus, for interest rates . Investors aggressively sold bonds in the first 2 hours of trading, taking 10yr Treasury yields to the highest level i...

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