Daily Mortgage Rate Commentary Archive

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...

Mon, May 18, 7:34 PM

Mortgage Rates Start Week at New 9 Month High, But Just Barely - Mon, May 18, 7:34 PM

Mortgage rates hit their highest levels in more than 9 months at the end of last week. Now today, they've edged slightly higher yet again with the average top tier 30yr fixed rate at 6.68% versu...

Fri, May 15, 4:40 PM

Mortgage Rates Surge Toward 8-Month Highs - Fri, May 15, 4:40 PM

Mortgage rates are driven by bonds and the bond market hoped to see more evidence of shift toward peace during the 2-day Trump/Xi meeting in China. As soon as Trump got back on the plane to head...

Thu, May 14, 7:20 PM

Mortgage Rates Move Moderately Lower - Thu, May 14, 7:20 PM

May continues to be a more volatile month than the bulk of April when it comes to day over day mortgage rate movement. While the average day has seen that volatility play out in favor of higher r...

Wed, May 13, 6:58 PM

Mortgage Rates Officially at 6 Week Highs - Wed, May 13, 6:58 PM

Mortgage rates rose somewhat sharply yesterday to match the highest level since March 27th. They're just a hair higher today, thus officially at 6-week highs. Whereas yesterday's Consume...

Tue, May 12, 7:28 PM

Mortgage Rates Match Highest Level Since March - Tue, May 12, 7:28 PM

When the Iran war was in its initial escalation phase, the initial surge in markets took the top-tier 30yr fixed rate to 6.64% for the average lender by March 27th. Rates moved more than 0.30% lo...

Mon, May 11, 7:30 PM

Mortgage Rates Rising to Start New Week - Mon, May 11, 7:30 PM

Last week was decidedly stronger for mortgage rates as they either held steady or moved lower on 5 out of 5 days. All told, it was a 0.14% drop from the previous week in terms of the average to...

Fri, May 8, 5:52 PM

Mortgage Rates End Week Slightly Lower - Fri, May 8, 5:52 PM

It ended up being a decent round trip for rates this week. Monday kicked things off with a jump to the highest level in more than a month, and the third highest since August 2025. But that ended ...

Thu, May 7, 6:46 PM

Mortgage Rates Erase Early Improvement - Thu, May 7, 6:46 PM

The day began on a fairly hopeful note for the mortgage market. During overnight trading hours, the bond market improved following a report regarding a peace framework sent to Iran by The U.S.&nb...

Wed, May 6, 7:40 PM

Mortgage Rates Make a More Serious Recovery - Wed, May 6, 7:40 PM

Mortgage rates spiked sharply on Monday, hitting the highest levels in more than a month as escalation fears ramped up surrounding the Iran war. Yesterday technically saw some recovery, but it m...

Tue, May 5, 6:43 PM

Mortgage Rates Edge Just Barely Lower - Tue, May 5, 6:43 PM

One popular refrain in the mortgage industry is that rates take the escalator on the way up and the stairs on the way down. Yesterday was definitely an "escalator" sort of day with the average le...

Mon, May 4, 7:19 PM

Highest Rates in More Than a Month - Mon, May 4, 7:19 PM

Top-tier 30-year fixed rates are back above 6.5% today for the first time in more than a month for the average lender. Many lenders raised rates during the course of the day as well. Those ...

Fri, May 1, 5:58 PM

Mortgage Rates End Week on a Calm Note - Fri, May 1, 5:58 PM

Low volatility was the most obvious theme for mortgage rates last week. From April 14th through last Friday, the range for a top-tier 30yr fixed rate remained in an ultra-narrow range of 6.29-6...

Thu, April 30, 7:09 PM

Mortgage Rates Recover Some of Yesterday's Losses - Thu, April 30, 7:09 PM

Mortgage rates spiked on Wednesday (yesterday) after reports suggested a prolonged blockade of the Strait of Hormuz. As has been the case for most of the past 2 months, interest rate movement wa...

Wed, April 29, 8:09 PM

Mortgage Rates Surge Higher as US Considers a Longer Blockade - Wed, April 29, 8:09 PM

Mortgage rates jumped higher today at the fastest pace in weeks to the highest levels since March 30th. There were two key motivations for the increase, but one accounted for a vast majority of ...

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