Daily Mortgage Rate Commentary Archive

Wed, 8:09 PM

Mortgage Rates Sideways to Slightly Lower - Wed, 8:09 PM

Markets held more sideways overnight as traders awaited further geopolitical developments today surrounding Greenland. Both stocks and bonds lost ground yesterday on the threat of additional tari...

Tue, 8:28 PM

Mortgage Rates Jump to Match Highest Levels in Nearly a Month - Tue, 8:28 PM

Mortgage rates jumped sharply higher on Tuesday in response to weakness driven by geopolitical events and overseas financial markets. After hitting lows of 5.99% for a few hours on January 9th a...

Fri, January 16, 9:06 PM

Mortgage Rates End Week at Highs - Fri, January 16, 9:06 PM

Don't stress out. If we ignore the past 5 days, today's mortgage rates are still the lowest since early 2023. That said, they're up a bit from last week and they moved moderately higher d...

Thu, January 15, 8:25 PM

Mortgage Rates Higher For Some Lenders and Lower For Others - Thu, January 15, 8:25 PM

Mortgage rates moved modestly lower for the average lender today, but higher for others. The distinction is whether the lender in question made a late-day adjustment yesterday afternoon. ...

Wed, January 14, 8:27 PM

Mortgage Rates Unchanged Despite Bond Market Improvement - Wed, January 14, 8:27 PM

Trading levels in the bond market directly impact the rates that mortgage lenders can offer. This is why rates moved so much lower after last week's news regarding planned purchases of $200bln in...

Tue, January 13, 8:25 PM

Mortgage Rates Now Solidly Back Above 6% - Tue, January 13, 8:25 PM

According to our chart of MND's mortgage rate index, 30yr fixed rates bottomed at 6.01% yesterday, but that's because the chart logs the day's latest entry. On Friday, until late in the day...

Mon, January 12, 8:44 PM

Mortgage Rates Inch Higher From 3 Year Lows - Mon, January 12, 8:44 PM

Mortgage rates are either higher or lower today, depending on the lender in question. Some lenders raised rates on Friday afternoon in response to weakness in the bond market (lenders set rates ...

Fri, January 9, 6:56 PM

Rates Plummet to 3 Year Lows, But There Are Caveats - Fri, January 9, 6:56 PM

On a week where the mortgage market was most likely to experience volatility due to Friday's jobs report, Thursday afternoon's surprise announcement of $200bln in GSE MBS (mortgage-backed securit...

Thu, January 8, 9:05 PM

Mortgage Rates Modestly Higher on Thursday. Friday's Risks Are Bigger - Thu, January 8, 9:05 PM

Mortgage rates were just a hair higher for the average lender on Thursday. The underlying bond market lost some ground following a stronger weekly Jobless Claims report and in sympathy with glob...

Wed, January 7, 9:09 PM

Another 2-Month Low For Mortgage Rates After Modest Drop - Wed, January 7, 9:09 PM

Wednesday had the potential to cause bigger volatility for rates due to the confluence of several important economic reports. If that data had been lopsided in one direction or the other, rates l...

Tue, January 6, 8:53 PM

Mortgage Rates Barely Budge, But Volatility Risk is Increasing - Tue, January 6, 8:53 PM

Mortgage rates have been effectively unchanged for 5 straight days now. During that time, the MND 30yr fixed rate index hasn't moved by more than 0.01%. The average borrower would see almost exa...

Mon, January 5, 8:52 PM

Mortgage Rates Holding at 2-Month Lows - Mon, January 5, 8:52 PM

The two days of 2025 with the lowest rates were September 16th and October 28th. Both days happened to be the Tuesdays that preceded Fed rate cuts. On both occasions, those rate cuts were deliver...

Fri, January 2, 8:27 PM

Mortgage Rates Stay Flat to End The Week - Fri, January 2, 8:27 PM

Heading into the week, we knew there was a high bar for any legitimate mortgage rate fireworks. In addition to a dearth of scheduled events with the power to cause volatility, the last two weeks ...

Wed, December 31, 6:10 PM

Mortgage Rates Staying Steady to Close Out 2025 - Wed, December 31, 6:10 PM

Although Freddie Mac's weekly mortgage rate survey (released today) suggested the lowest rates since October 2024, our daily numbers offer a bit more nuance. To be sure, October 28th and Septembe...

Tue, December 30, 8:11 PM

Mortgage Rates Microscopically Higher - Tue, December 30, 8:11 PM

Mortgage rates continue operating in an excruciatingly narrow range near their lowest levels of the past few years. Yesterday was the 6th best day of 2025. Today is tied for 7th place after rate...

Mon, December 29, 8:31 PM

New 2-Month Lows, Just Barely - Mon, December 29, 8:31 PM

With another holiday closure on deck and light calendar of events, the rate market is off to another uneventful start this week. In fact, the average lender barely budged from last Friday. But it...

Fri, December 26, 8:00 PM

Mortgage Rates Match 2-Month Lows - Fri, December 26, 8:00 PM

Because mortgage rates are determined by the bond market, a boring market day typically translates to a boring mortgage rate day. But that's not entirely true today. While the level of moveme...

Wed, December 24, 6:01 PM

Lowest Rates in Nearly a Month - Wed, December 24, 6:01 PM

It was a short day for the bond market that underlies mortgage rates , but a good one. A side effect of holiday weeks and early market closures is a bit of random volatility without any obvious ...

Tue, December 23, 9:11 PM

Mortgage Rates Ultimately Unchanged After Starting Higher - Tue, December 23, 9:11 PM

Mortgage rates have broadly been in a narrow holding pattern for the past 4 months and an even narrower range during December. Today will do nothing to change that with the average lender ending...

Mon, December 22, 8:21 PM

Mortgage Rates Hold Steady to Start Holiday-Shortened Week - Mon, December 22, 8:21 PM

Mortgage rates are tied to movement in the bond market and bonds were close enough to Friday's levels that mortgage rates were essentially unchanged today. This keeps the average lender in the l...

Fri, December 19, 9:09 PM

Mortgage Rates Just Off 2-Week Lows - Fri, December 19, 9:09 PM

It ended up being a fairly uneventful day for mortgage rates despite scattered speculation about the impact of foreign monetary policy decisions. The average lender nudged just a hair higher, r...

Thu, December 18, 8:44 PM

Mortgage Rates Near Lowest Levels Since October - Thu, December 18, 8:44 PM

Officially, there were 2 days at the end of November where the average lender's 30yr fixed rates were just a hair lower (0.02% difference). Otherwise, today's rates would be the lowest sinc...

Wed, December 17, 8:51 PM

Mortgage Rates Unchanged Ahead of Important Inflation Data - Wed, December 17, 8:51 PM

Mortgage rates were perfectly unchanged compared to yesterday's levels for the average lender. This wasn't a huge surprise considering the absence of any high stakes economic data, but tomorrow ...

Tue, December 16, 7:08 PM

Mortgage Rates Only Slightly Lower, But Volatility Risks Remain - Tue, December 16, 7:08 PM

There was a decent chance that rates would have made a fairly big move today in response to the release of November's jobs report. This is the most important economic data as far as rates are con...

Mon, December 15, 7:41 PM

Mortgage Rates Slightly Lower as Volatility Risks Increase - Mon, December 15, 7:41 PM

Mortgage rates were just slightly lower to start the new week. This leaves the average lender's top tier 30yr fixed rate almost dead center in the narrow range that's been intact since early Sep...

Fri, December 12, 9:18 PM

Anyone Who Tells You They Know What Happens Next For Rates is Lying - Fri, December 12, 9:18 PM

Friday saw mortgage rates move back up near the highest levels of the week, and thus the highest levels of the past 3 months. Thus ends another week where mortgage rates end higher despite a Fe...

Thu, December 11, 8:20 PM

Mortgage Rates Hit Lowest Levels of The Week - Thu, December 11, 8:20 PM

As is sometimes the case on the day following a Fed day, the bond market carried a bit more momentum in the same direction as yesterday afternoon. Fortunately, the momentum was toward lower rates...

Wed, December 10, 9:02 PM

Mortgage Rates Improve After Fed Announcement - Wed, December 10, 9:02 PM

The Fed cut its policy rate by 0.25% today and mortgage rates moved lower after the announcement. That said, those two developments are not related. In fact, there was no movement in the bond...

Tue, December 9, 8:59 PM

Can The Fed Pull Mortgage Rates Off The Ceiling? - Tue, December 9, 8:59 PM

Mortgage rates were surprisingly steady on Tuesday with most lenders roughly in line with Monday's levels. Why surprising? Because the bond market was noticeably weaker and bonds dictate d...

Mon, December 8, 9:02 PM

Mortgage Rates Start Week Near 3 Month Highs - Mon, December 8, 9:02 PM

Both stocks and bonds lost ground on Monday. This pushed mortgage rates up near their highest levels in just over 3 months (because mortgages are based on bond prices). To put the 3-month...

Fri, December 5, 9:06 PM

Mortgage Rates Could See More Volatility Next Week - Fri, December 5, 9:06 PM

Average mortgage rates drifted slightly higher to end the week, though they remained under the levels seen on Monday and Tuesday. Even then, none of this week's movement was especially abrupt. ...

Thu, December 4, 8:46 PM

Mortgage Rates Are Actually Higher This Week - Thu, December 4, 8:46 PM

Today's mortgage rates a just a hair higher than yesterday's and although yesterday's rates were reasonably close to last Friday's, they were still definitely higher. That last assertion is at ...

Wed, December 3, 9:02 PM

Mortgage Rates Back Down Near Recent Lows - Wed, December 3, 9:02 PM

Mortgage rates improved more noticeably today, and while the average rate isn't quite as low as it was last week, it's fairly close. Rates are based on movement in the bond market. Bonds...

Tue, December 2, 8:33 PM

Mortgage Rates Move Slightly Lower - Tue, December 2, 8:33 PM

Unlike Monday, which saw a fairly brisk move toward higher rates, Tuesday barely budged. Additionally, the budging occurred in a friendly direction with the average lender offering rates that wer...

Mon, December 1, 8:34 PM

Mortgage Rates Erase Last Week's Gains - Mon, December 1, 8:34 PM

Mortgage rates are based on bonds and the bond market is prone to erratic behavior on major holiday weeks. One of the more common patterns is for the holiday week to see a noticeable departure f...

Fri, November 28, 5:55 PM

Mortgage Rates Unchanged Versus Wednesday - Fri, November 28, 5:55 PM

As is most often the case, the Friday after Thanksgiving added nothing interesting to mortgage rate momentum. The average lender's top tier 30yr fixed rate is exactly where it was on Wednes...

Wed, November 26, 7:52 PM

Mortgage Rates Slightly Higher, But Remain Near Long-Term Lows - Wed, November 26, 7:52 PM

Wednesday was far less eventful than the first two days of the week as far as mortgage rates were concerned. The average lender raised rates just a hair, but apart from yesterday, these are the...

Tue, November 25, 9:04 PM

Lowest Mortgage Rates Since 10/28 And Very Close to 3-Year Lows - Tue, November 25, 9:04 PM

Mortgage rates moved nicely lower on Tuesday with the average lender very close to the 2025 lows seen in late October. These levels are effectively right in line with the lowest since late 2022....

Mon, November 24, 9:15 PM

Mortgage Rates Slightly Lower to Start Holiday-Shortened Week - Mon, November 24, 9:15 PM

Thanksgiving weeks can be weird for mortgage rates . This has to do with the fact that rates are dictated by the bond market and the bond market depends on real live people who can actually be o...

Fri, November 21, 6:53 PM

Mortgage Rates Nudge Lower to Remain In The Same Old Range - Fri, November 21, 6:53 PM

Recent stock market losses have gotten a lot attention in the news recently. While there's no reliable correlation between stocks and interest rates , when stock losses are as big as they have b...

Thu, November 20, 8:48 PM

Mortgage Rates Hold Steady Thanks to Jobs Report - Thu, November 20, 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, November 19, 8:19 PM

Rates Mostly Steady, But Some Signs of Trouble in The Afternoon - Wed, November 19, 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, November 18, 9:11 PM

Mortgage Rates Hold Steady Yet Again as Data Returns - Tue, November 18, 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, November 17, 8:33 PM

Mortgage Rates Hold Steady to Begin New Week - Mon, November 17, 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...

We Make Home Happen.™

We Make Home Happen.™