Daily Mortgage Rate Commentary Archive

Mon, 8:19 PM

Mortgage Rates Jump Back Into The 6's - Mon, 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...

Fri, January 30, 9:10 PM

Mortgage Rates Sidestep Into The Weekend - Fri, January 30, 9:10 PM

While there was certainly plenty of volatility elsewhere in the financial market this week, there was almost none to be found in mortgage rates . Wed, Thu, and Fri all recorded the exact same le...

Thu, January 29, 8:59 PM

Mortgage Rates Hold Steady Despite Volatility in Other Markets - Thu, January 29, 8:59 PM

Sometimes being tuned into daily mortgage rate changes means coming across other news about financial markets. In today's case, that could expose you to anything from the massive selling of certa...

Wed, January 28, 8:51 PM

Mortgage Rate Winning Streak Ends, But Just Barely - Wed, January 28, 8:51 PM

On some occasions, a rate announcement from the Federal Reserve (even one that results in no change to the Fed Funds Rate) can cause a huge move in mortgage rates . Today was not one of those da...

Tue, January 27, 8:40 PM

Mortgage Rate Winning Streak Continues - Tue, January 27, 8:40 PM

Today was the 5th day in a row where mortgage rates moved at least a little bit lower. While rate movement is often the product of obvious underlying motivations in the economy or news headline...

Mon, January 26, 8:20 PM

Lowest Mortgage Rates in Just Over a Week - Mon, January 26, 8:20 PM

Mortgage rates trickled modestly lower again today for the 4th straight business day on Monday. The average top-tier 30yr fixed rate is the lowest it's been since January 16th. The only catch ...

Fri, January 23, 7:49 PM

Mortgage Rates Close Out Extremely Flat Week - Fri, January 23, 7:49 PM

This week's only real mortgage rate movement was seen at the outset on Tuesday morning (Monday was closed for the holiday) in response to geopolitical issues and tariff escalation potential. Rate...

Thu, January 22, 8:40 PM

Another Micro-Victory For Mortgage Rates - Thu, January 22, 8:40 PM

Mortgage rates may not be as low as they were before the weekend's geopolitical headlines, but they've moved just a hair lower on each of the past two days. Specifically, our daily rate index is...

Wed, January 21, 8:09 PM

Mortgage Rates Sideways to Slightly Lower - Wed, January 21, 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, January 20, 8:28 PM

Mortgage Rates Jump to Match Highest Levels in Nearly a Month - Tue, January 20, 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 ...

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