Daily Mortgage Rate Commentary Archive

Today, 7:20 PM

Mortgage Rates Essentially Sideways at Recent Lows - Today, 7:20 PM

On Tuesday, the average top-tier 30yr fixed mortgage rate hit the lowest level in exactly 4 weeks. If you're not interested in splitting hairs, today's rates are essentially the same. Although ou...

Tue, 7:23 PM

Lowest Mortgage Rates in 4 Weeks - Tue, 7:23 PM

Mortgage rates had their best day of the month so far with the top tier 30yr fixed rate falling 0.08% for the average lender to the lowest levels in exactly 4 weeks. Today's improvement is a b...

Mon, 7:30 PM

Mortgage Rates Hold Steady Over The Weekend - Mon, 7:30 PM

Mortgage rates are based on movement in the bond market and although bonds experienced some volatility in response to Iran war news over the weekend, they ended up in similar territory to Friday...

Fri, April 10, 5:44 PM

Mortgage Rates Remain Surprisingly Calm - Fri, April 10, 5:44 PM

If we're splitting hairs, today's average mortgage rates are technically higher than yesterday's, but the change is so small that it's just as fair to say that rates are flat. This closes out a...

Thu, April 9, 7:25 PM

Mortgage Rates Trickle Just a Bit Lower - Thu, April 9, 7:25 PM

Many borrowers will see no difference between yesterday and today's mortgage rate quotes. The average lender moved just a hair lower. Once again, the rate market is responding to war-related he...

Wed, April 8, 7:27 PM

Mortgage Rates Only Slightly Lower After Ceasefire News - Wed, April 8, 7:27 PM

It's a fluid situation in financial markets on Wednesday. The 2-week ceasefire in the Iran war caused a big reaction last night, but the benefit to the bond market (bonds dictate rates) has been ...

Tue, April 7, 7:14 PM

Mortgage Rates Little-Changed But Volatility Could Return Quickly - Tue, April 7, 7:14 PM

In stark contrast to the entire month of March, April's mortgage rate volatility has been downright boring. To put this in context, the average top tier 30yr fixed rate rose a substantial 0.65% b...

Mon, April 6, 7:11 PM

Mortgage Rates Steady to Slightly Lower - Mon, April 6, 7:11 PM

It was an uneventful day for mortgage rates with the average lender close enough to Friday's levels that borrowers would not see much of a difference between the two days. The bond market (whic...

Thu, April 2, 7:12 PM

Mortgage Rates Are Actually Lower This Week - Thu, April 2, 7:12 PM

On any given Thursday, there's a decent enough chance that the average mortgage rate headline will be unintentionally misleading. At issue is media reliance on the longstanding weekly mortgage ra...

Wed, April 1, 7:14 PM

Mortgage Rates Steady to Slightly Lower - Wed, April 1, 7:14 PM

Mortgage rates were little-changed on Wednesday, despite the release of several economic reports and another deluge of war-related headlines. In the slightly bigger picture, the market is tradin...

Tue, March 31, 7:21 PM

Mortgage Rates Fall Back Below 6.5% - Tue, March 31, 7:21 PM

Mortgage rates moved lower for the second straight day as markets responded to potential de-escalation in the Iran war. Rates are based on bonds and bonds improved overnight as The Preside...

Mon, March 30, 7:24 PM

Mortgage Rates Drop Meaningfully Over The Weekend - Mon, March 30, 7:24 PM

The bad news is that the average top-tier 30yr fixed rate remains over 6.5% after being under 6% just a month ago. The good news is that rates recovered nicely over the weekend. By Friday...

Fri, March 27, 6:29 PM

Mortgage Rates Inch Up to Another Long-Term High - Fri, March 27, 6:29 PM

There were mixed blessings in the mortgage rate world today. The bad news is that today's rates are just a bit higher than yesterday's, resulting in another 8 month high. The good news is that th...

Thu, March 26, 6:49 PM

Rates Leap to Another Multi-Month High - Thu, March 26, 6:49 PM

After a somewhat hopeful day on Wednesday, mortgage rates are back to their same old tricks on Thursday. The tricks in question involve following the broader market reaction to the Iran war whi...

Wed, March 25, 6:55 PM

Rates Ease Despite Conflicting Iran War Headlines - Wed, March 25, 6:55 PM

The past 24 hours have seen multiple news stories with seemingly contradictory updates regarding the state of the Iran war. There's a ceasefire. There's no ceasefire. There's negotiation. There's...

Tue, March 24, 7:35 PM

Highest Mortgage Rates Since August 2025 - Tue, March 24, 7:35 PM

March 2026 continues to be an unpleasant month for mortgage rates --a fact almost exclusively due to the Iran war. Even if the war were to end today, there's been sufficient disruption to infras...

Mon, March 23, 7:34 PM

Mortgage Rates Move Modestly Lower Amid Market Volatility - Mon, March 23, 7:34 PM

Mortgage rates are dictated by bonds and bonds had a volatile day. During overnight trading hours, bonds suggested we should brace for the impact of even higher rates. Things changed just after ...

Fri, March 20, 6:53 PM

Mortgage Rates Move Back Above 6.5% - Fri, March 20, 6:53 PM

After hitting 5.99% as recently as February 27th, top tier 30yr fixed mortgage rates are back over 6.5% for the average lender today--the highest they've been since September 3rd, 2025. ...

Wed, March 18, 9:06 PM

Mortgage Rates Move Back Up Near Recent Highs - Wed, March 18, 9:06 PM

Mortgage rates got hit 3 times on Wednesday, with the net effect being a move back up to the highest levels in several months. The average lender isn't quite as high as they were last Friday, bu...

Tue, March 17, 7:07 PM

The Fed Isn't Doing Anything to Mortgage Rates on Wednesday - Tue, March 17, 7:07 PM

It was a fairly uneventful day for mortgage rates , but also a fairly decent one. The underlying bond market made modest gains even without meaningful cues from oil prices. Lately, oil price vol...

Mon, March 16, 6:51 PM

Mortgage Rates Recover Modestly From 7-Month Highs - Mon, March 16, 6:51 PM

Mortgage rates are based on bonds, and bonds spent last week bracing for the impact of higher energy prices. In the bond world, higher inflation begets higher rates, all else equal. Oil ...

Fri, March 13, 6:12 PM

Mortgage Rates Surge to 7-Month Highs - Fri, March 13, 6:12 PM

March hasn't been a great month for mortgage rates and the past 3 days have been particularly bad. During that time, our daily rate index went from 6.09% on Tuesday to 6.41% today--the highest ...

Thu, March 12, 7:55 PM

Mortgage Rates Spike to 2026 Highs - Thu, March 12, 7:55 PM

Mortgage rates are driven by the bond market. Although bonds only experienced moderate, steady weakness throughout the day, mortgage rates lurched higher by an amount typically seen when the mar...

Wed, March 11, 8:13 PM

Highest Rates in More Than a Month - Wed, March 11, 8:13 PM

Mortgage rates moved higher on Wednesday despite only a modest increase in oil prices. The latter is currently a part of any conversation about interest rates as higher energy costs have fuele...

Tue, March 10, 7:38 PM

Mortgage Rates Sideways to Slightly Lower - Tue, March 10, 7:38 PM

Today's mortgage rates are lower when compared to yesterday's average prior to 4pm ET. Later in the afternoon, multiple lenders announced improvements as the bond market rallied in response to ...

Mon, March 9, 6:24 PM

Mortgage Rates Finish Flat After Starting Higher - Mon, March 9, 6:24 PM

Mortgage rates began the day at the highest levels in a month. The move up versus Friday was only moderate, but Friday's levels were already fairly close to early Feb's highs. Oil prices continu...

Fri, March 6, 8:24 PM

Volatile Crosscurrents Keep Mortgage Rates Relatively Flat - Fri, March 6, 8:24 PM

Before this morning's jobs report was released, mortgage rates were on track to end the week at their highest levels in several weeks. This was due to an ongoing mega-spike in oil prices spilli...

Thu, March 5, 8:02 PM

Mortgage Rates Bounce Back Up Near Recent Highs - Thu, March 5, 8:02 PM

Mortgage rates bounced back up today as the underlying bond market continued the selling trend seen on 3 out of 4 days so far this week. In the overnight hours, bond yields (which generally corr...

Wed, March 4, 8:31 PM

Mortgage Rates Move Back Down Despite Stronger Data - Wed, March 4, 8:31 PM

Economic data is one of the few consistent sources of motivation for interest rates in the mortgage world and beyond. In general, stronger data tends to push rates higher and vice versa. But in...

Tue, March 3, 8:21 PM

Mortgage Rates Recover Moderately After Starting at 3-Week Highs - Tue, March 3, 8:21 PM

After spending the entirety of last week calmy holding the lowest levels in more than 3 years, mortgage rates jumped sharply higher yesterday. That said, everything's relative. Even after that ...

Mon, March 2, 8:19 PM

Mortgage Rates Jump Back Into The 6's - Mon, March 2, 8:19 PM

Mortgage rates began the new week with a fairly quick jump back into the low 6% range (top tier 30yr fixed rate for the average lender). With the news cycle very focused on developments in Iran,...

Fri, February 27, 6:56 PM

Mortgage Rates End Week at Best Levels - Fri, February 27, 6:56 PM

At this point, it is getting a bit repetitive to bring up "the lowest rates in more than 3 years"--something that was officially the case twice this week. If we give rates credit for stably holdi...

Thu, February 26, 8:42 PM

Best Week For Mortgage Rates in Years - Thu, February 26, 8:42 PM

Given that we have the somewhat unpopular job of reporting that today's average top-tier 30yr fixed mortgage rate is 6.00 again, rather than the 5.99 seen earlier this week, we can at least find ...

Wed, February 25, 8:37 PM

Mortgage Rates Mostly Holding Long-Term Lows - Wed, February 25, 8:37 PM

It may not be as glamorous as being able to say mortgage rates are "in the 5s," but at 6.00%, today's MND rate index is a mere 0.01% higher than yesterday's multi-year low. For all practi...

Tue, February 24, 8:53 PM

Mortgage Rates Match Multi-Year Low For 2nd Straight Day - Tue, February 24, 8:53 PM

The average top-tier mortgage rates made it back to 5.99% yesterday for the first time since January 9th and only the second time in more than 3 years. With rates holding perfectly steady today...

Mon, February 23, 4:53 PM

Mortgage Rates Dip Back Into The 5's - Mon, February 23, 4:53 PM

This coverage is coming out earlier than normal due to a more interesting headline than normal. The average top-tier 30yr fixed rate fell back to 5.99% today, matching the levels seen only briefl...

Fri, February 20, 8:18 PM

Mortgage Rates End Week at Lows - Fri, February 20, 8:18 PM

Bonds dictate mortgage rates and bonds experienced a bit of volatility this morning in response to the Supreme Court ruling on tariffs. The initial impact was negative for rates with Treasury y...

Thu, February 19, 8:33 PM

Mortgage Rates Hold Flat on Thursday Despite Lower Weekly Average - Thu, February 19, 8:33 PM

For the average lender, top-tier 30yr fixed mortgage rates were perfectly unchanged compared to yesterday. This keeps them right in line with the lowest levels in more than 3 years. That said, ...

Wed, February 18, 8:11 PM

Mortgage Rates Tick Microscopically Higher - Wed, February 18, 8:11 PM

Mortgage rates at the average lender moved up by 0.01% today--the smallest increment measured by the MND daily rate index. This means that most borrowers won't see a meaningful different in toda...

Tue, February 17, 9:08 PM

Mortgage Rates Stay Flat to Start New Week - Tue, February 17, 9:08 PM

It was an uneventful day for mortgage rates with the average lender holding right in line with last Friday's levels. In this case, that's a good thing. On the day before and/or after a 3-day ...

Fri, February 13, 7:07 PM

Mortgage Rates Oh So Close to 3 Year Lows - Fri, February 13, 7:07 PM

When the administration announced that Fannie and Freddie would be buying mortgage-backed securities in early January, rates fell sharply to the lowest levels in more than 3 years. After a modera...

Thu, February 12, 7:35 PM

Mortgage Rates Slide to New Multiweek Lows - Thu, February 12, 7:35 PM

Just one day after an incredibly strong jobs report--something that would normally create problematic upward momentum for rates--the average lender is back to the lowest levels since January 16th...

Wed, February 11, 7:26 PM

Modest Increase in Rates is a Win. Here's Why - Wed, February 11, 7:26 PM

Mortgage rates moved 0.03% higher today. On almost any other day, this would be a bit of a bummer, but in today's case, it's a victory. There was a ton of potential volatility in the underlyin...

Tue, February 10, 7:20 PM

Lowest Mortgage Rates in More Than 3 Weeks - Tue, February 10, 7:20 PM

Mortgage rates fell on Tuesday following a downbeat Retail Sales report. At 0.05%, it was the largest single-day drop since the uncommonly big 0.15% drop on January 9th. This also takes the aver...

Mon, February 9, 8:15 PM

Mortgage Rates Roughly Flat to Start The Week - Mon, February 9, 8:15 PM

The past 2 weeks have seen very little volatility for mortgage rates . After being near 6% for a week in early January, rates rose abruptly to 6.21% (avg top tier 30yr fixed) on January 20...

Fri, February 6, 5:51 PM

Mortgage Rates Match Lowest Levels in Over 2 Weeks - Fri, February 6, 5:51 PM

In the bigger picture, the past two and a half weeks have been marked by a very narrow range in the bond market. Because bonds dictate mortgage rates , the latter have also been in a narrow rang...

Thu, February 5, 6:52 PM

Mortgage Rates Fall After Downbeat Employment Data - Thu, February 5, 6:52 PM

Mortgage rates are driven by bonds and that bonds care about employment data. There are quite a few different economic reports that focus on various employment metrics. Next Wednesday's jobs rep...

Wed, February 4, 7:58 PM

Mortgage Rates Hold Perfectly Steady at 2-Week Highs - Wed, February 4, 7:58 PM

The average top tier 30yr fixed mortgage rate hit its highest levels in 2 weeks yesterday. The caveat was that the range has been very narrow during these 2 weeks. As such, by remaining unchanged...

Tue, February 3, 8:23 PM

Mortgage Rates Drift Up to 2-Week Highs - Tue, February 3, 8:23 PM

The bad news: mortgage rates moved up to their highest levels in 2 weeks today. The good news: the rate range has been very narrow during that time, so there's not too much of a differe...

Mon, February 2, 8:35 PM

Mortgage Rates Only Modestly Higher Despite Bond Market Weakness - Mon, February 2, 8:35 PM

Weakness in the bond market generally means higher mortgage rates . Today was no exception. A key economic report on the manufacturing sector was much stronger than expected. Bonds lost ground a...

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