Daily Mortgage Rate Commentary Archive

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 ...

Tue, April 28, 7:32 PM

Mortgage Rates Rise to 2-Week Highs - Tue, April 28, 7:32 PM

Mortgage rates moved moderately higher today for the average lender, but not for any exciting reasons. Rather, the change has more to do with timing of the underlying market movement. While it...

Mon, April 27, 7:21 PM

Mortgage Rates Perfectly Unchanged to Start New Week - Mon, April 27, 7:21 PM

Despite the elevated volatility risk heading into the weekend, mortgage rates are starting the week in exactly the same territory compared to Friday afternoon. As always, our rate tracking refe...

Fri, April 24, 7:31 PM

Rates End Week Close Enough to Recent Lows - Fri, April 24, 7:31 PM

With zero change versus Thursday's latest levels, the 30yr fixed mortgage rate index maintained a 0.03% range for the entire week (and 0.04% going back to last Tuesday). At 6.32%, today's mark is...

Thu, April 23, 6:41 PM

Mortgage Rates Hold Steady For Most Lenders - Thu, April 23, 6:41 PM

Thursday saw a continuation of the recent trend of very low volatility for mortgage rates . The average lender's top-tier 30yr fixed rates were perfectly unchanged from yesterday and in the same...

Wed, April 22, 7:22 PM

Mortgage Rates Maintaining a Tight Range Amid War-Related Uncertainty - Wed, April 22, 7:22 PM

Rates remain focused on oil prices and war-related developments. With yesterday's ceasefire extension and today's ambiguity over the time frame of that extension, rates are in a distinct holding ...

Tue, April 21, 6:49 PM

Highest Rates in a Week But There's a Catch - Tue, April 21, 6:49 PM

Technically and officially, today's average top tier 30yr fixed mortgage rate is the highest since last Monday. The catch is that there hasn't been much movement since then with the overall range...

Mon, April 20, 7:21 PM

Mortgage Rates Almost Perfectly Flat to Start New Week - Mon, April 20, 7:21 PM

Despite some initial signs of volatility in financial markets over the weekend, the bond market managed to avoid losing much ground. Because bonds dictate mortgage rate movement, the average lend...

Fri, April 17, 8:06 PM

Lowest Rates in Over a Month Despite Small Move Today - Fri, April 17, 8:06 PM

Today was a victory for mortgage rates , but not nearly as much of a victory as the underlying bond market would suggest. The good news is that the end result is the lowest average 30yr fixed ra...

Thu, April 16, 7:52 PM

Mortgage Rates Hold Perfectly Steady - Thu, April 16, 7:52 PM

On average, today's top-tier 30 year fixed mortgage rates are exactly the same as yesterday's. Rates are driven by the bond market and bonds continue waiting for bigger developments in the Iran...

Wed, April 15, 7:20 PM

Mortgage Rates Essentially Sideways at Recent Lows - Wed, April 15, 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, April 14, 7:23 PM

Lowest Mortgage Rates in 4 Weeks - Tue, April 14, 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, April 13, 7:30 PM

Mortgage Rates Hold Steady Over The Weekend - Mon, April 13, 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...

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