Daily Mortgage Rate Commentary Archive

Today, 8:48 PM

Mortgage Rates Hold Steady Thanks to Jobs Report - Today, 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, 8:19 PM

Rates Mostly Steady, But Some Signs of Trouble in The Afternoon - Wed, 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, 9:11 PM

Mortgage Rates Hold Steady Yet Again as Data Returns - Tue, 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, 8:33 PM

Mortgage Rates Hold Steady to Begin New Week - Mon, 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...

Fri, September 26, 7:54 PM

Mortgage Rates End Week as it Began - Fri, September 26, 7:54 PM

Last week was a wild one for mortgage rates with the lowest levels in nearly a year on Monday and an abrupt spike after Wednesday's Fed announcement. The present week has been completely ...

Thu, September 25, 6:47 PM

Mortgage Rates Slightly Higher After Upbeat Economic Reports - Thu, September 25, 6:47 PM

Thursday was the first day of the week with any meaningful economic reports. This is important to mortgage rates because economic data influences the bonds that determine day-to-day changes in ...

Wed, September 24, 7:41 PM

Mortgage Rates Fairly Flat Despite Bond Market Volatility - Wed, September 24, 7:41 PM

Over time, mortgage rate movement lines up almost perfectly with movement in the underlying bond market, but there can be day to day discrepancies depending on the timing of market volatility. ...

Tue, September 23, 7:19 PM

Mortgage Rates Little Changed on Tuesday - Tue, September 23, 7:19 PM

Mortgage rates are based on bonds and bonds take their most important cues from big ticket economic reports. But such reports have been in short supply so far this week. Instead, the market has ...

Mon, September 22, 7:12 PM

Mortgage Rates Roughly Unchanged to Start New Week - Mon, September 22, 7:12 PM

After hitting the lowest levels in nearly a year (and nearly the lowest levels in 3 years) last Tuesday, rates lurched higher following Wednesday's Fed announcement. While the Fed cut rates...

Fri, September 19, 7:35 PM

Mortgage Rates Finally Level Off After 2-Day Rout - Fri, September 19, 7:35 PM

Officially, our daily mortgage rate index is a hair lower today than it was yesterday. Your mileage may vary depending on the lender in question. Reason being: some lenders offered mid-day improv...

Thu, September 18, 7:40 PM

If You're One of Those People Asking How Much Lower Your Mortgage Rate Quote is After Fed Day, This is Required Reading - Thu, September 18, 7:40 PM

It's day two of mortgage rates surging higher--now back to the highest levels in 2 weeks (the day before the September 5th jobs report). The juxtaposition of yesterday's Fed rate cut and the su...

Wed, September 17, 7:53 PM

Mortgage Rates HIGHER (Not Lower) After Fed Rate Cut - Wed, September 17, 7:53 PM

Several things happen on Fed Day--especially on the 4 out of 8 examples with updated rate forecasts from Fed members. The official announcement of a rate cut is typically the least importan...

Tue, September 16, 7:18 PM

Mortgage Rates Near 3 Year Lows Ahead of Fed - Tue, September 16, 7:18 PM

Mortgage rates dropped sharply lower today relative to the amount of movement in the underlying bond market with the average lender right in line with the lowest levels since late 2022. Because ...

Mon, September 15, 7:12 PM

Mortgage Rates Start Week at Another Long-Term Low - Mon, September 15, 7:12 PM

Mortgage rates have done almost nothing but move lower over the past 4 months. The first Fridays in August and September account for about half of the total drop thanks to weaker results in the ...

Fri, September 12, 7:20 PM

Mortgage Rates Were Flat All Week No Matter What Other News Suggests - Fri, September 12, 7:20 PM

The underlying bond market (which dictates the rates offered by mortgage lenders) weakened moderately overnight. Weaker bonds equate to higher rates, all else equal. "Higher ra...

Thu, September 11, 7:51 PM

Mortgage Rates Move Back to Long-Term Lows - Thu, September 11, 7:51 PM

Today's inflation report (the Consumer Price Index or CPI) certainly had a chance to create volatility for rates, but things ended up staying fairly calm. There are multiple subheadings o...

Wed, September 10, 8:02 PM

Mortgage Rates Hold Steady With Help From Econ Data - Wed, September 10, 8:02 PM

Wednesday brought the first of this week's two key inflation reports. While the Producer Price Index (PPI) is the lesser of the two in terms of potential impact on rates, it came in far enough be...

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