Daily Mortgage Rate Commentary Archive

Fri, September 11, 7:24 PM

Mortgage Rates Held Fairly Steady Until Late in The Day - Fri, September 11, 7:24 PM

Looked at in a vacuum, and up until the last few hours of the day, Friday was no better or worse than the average day over the past several months. Compared to yesterday morning's levels, the ave...

Thu, September 10, 6:44 PM

30yr Fixed Rates Jump to 7.07% - Thu, September 10, 6:44 PM

You may have seen other headlines today that reference 30yr fixed rates of 6.76%. Those stories would be citing Freddie Mac's weekly rate survey which is an average of the 5 business days (4 in t...

Wed, September 9, 7:07 PM

Mortgage Rates Jump After New Treasury Buyback Announcement - Wed, September 9, 7:07 PM

What do mortgage rates have to do with Treasuries? Quite a lot, actually. U.S. Treasuries are the bills and bonds issued by the government. In addition to financing government spending, they ar...

Tue, September 8, 7:09 PM

Mortgage Rates Unchanged to Start The Week - Tue, September 8, 7:09 PM

Top tier 30yr fixed mortgage rates started the week right where they were on Friday for the average lender. At 6.89%, we're just a hair below the highest mark since June 2025. In general, rates...

Fri, September 4, 6:49 PM

Rates Only Slightly Higher Despite Strong Jobs Report - Fri, September 4, 6:49 PM

Mortgage rates have a long and storied past with the monthly jobs report. Officially titled "The Employment Situation," the Bureau of Labor Statistics' (BLS) jobs report has more power than any ...

Thu, September 3, 7:59 PM

Mortgage Rates Drop to Week's Best Levels - Thu, September 3, 7:59 PM

Mortgage rates finally had a decent day on Thursday after spending the previous three days inching into the highest levels in more than a year. Part of the improvement was due to comments from F...

Wed, September 2, 7:08 PM

Mortgage Rates Approaching 7% - Wed, September 2, 7:08 PM

First things first: when we reference average, daily, top-tier 30yr fixed rates, it is for an ideal scenario that rarely exists in the wild. The average scenario will always involve slightly high...

Tue, September 1, 8:02 PM

Mortgage Rates Pushing New Long-Term Highs - Tue, September 1, 8:02 PM

Fighting intensified today between the U.S. and Iran. Oil prices moved higher fairly quickly and bond yields followed. This has been a common pattern during the Iran war as higher oil prices impl...

Mon, August 31, 8:02 PM

Highest Mortgage Rates in Over a Year, But Just Barely - Mon, August 31, 8:02 PM

Bonds lost ground today, largely due to mechanical, month-end trading (i.e. not due to economic data, inflation, or news headlines). When bonds lose ground, rates rise, all else equal. Mortgag...

Fri, August 28, 6:45 PM

Mortgage Rates Jump to 3-Week Highs After Jackson Hole Speech - Fri, August 28, 6:45 PM

Jackson Hole is a place in Wyoming, but it's also shorthand for an annual event where various central bankers get together and talk about monetary policy. The Fed Chair almost always delivers a s...

Thu, August 27, 7:45 PM

Mortgage Rates Hold Fairly Steady - Thu, August 27, 7:45 PM

Mortgage rates barely budged again on Thursday, but there was far less data to digest compared to Wednesday. Bonds (which dictate rates) were steady to slightly weaker. The "weaker" part connote...

Wed, August 26, 7:29 PM

Mortgage Rates Lower or Higher, Depending on When You Look - Wed, August 26, 7:29 PM

Intraday volatility in the bond market can make it tricky to track day over day changes in mortgage rates . Lenders publish the day's first rates based on bond market prices around 9:30-10:00am ...

Tue, August 25, 7:41 PM

Mortgage Rates Follow Oil Prices Lower - Tue, August 25, 7:41 PM

Fuel prices continue dictating most of the day-to-day momentum for interest rates and today was a notable example. Early this morning, news reports suggested progress in the peace process via P...

Mon, August 24, 7:59 PM

Mortgage Rates Sideways to Slightly Higher - Mon, August 24, 7:59 PM

Mortgage rates are based on bonds, but whereas bonds improved slightly from Friday's levels, mortgage rates are microscopically higher for the average lender. The issue is timing. Mortgage lende...

Fri, August 21, 6:35 PM

Mortgage Rates Drift Modestly Higher - Fri, August 21, 6:35 PM

For all practical purposes, Friday's mortgage rates were unchanged versus Thursday's, but if we're splitting hairs, the average lender rose 0.01% to 6.77% for a top tier 30yr fixed. Whi...

Thu, August 20, 8:38 PM

Highest Mortgage Rates in Just Over a Week - Thu, August 20, 8:38 PM

While Freddie Mac's weekly mortgage rate survey may show rates moving slightly lower this week, today's rates are actually higher than they were at the same time last week (6.76% vs 6.69%). Finan...

Wed, August 19, 7:43 PM

Why Mortgage Rates Didn't Fall as Much as 30yr Bonds Today - Wed, August 19, 7:43 PM

Mortgage rates dropped on Wednesday due to a combination of lower oil prices and the announcement of changes to Treasury's bond buyback program. The oil price angle is easy to understand. Thro...

Tue, August 18, 7:33 PM

Mortgage Rates Continue Higher Despite Bond Market Improvement - Tue, August 18, 7:33 PM

Mortgage rates rose for the third straight day on Tuesday with the average top-tier 30yr fixed rate moving up a modest 0.02% to 6.75%. Notably, the bond market was actually in slightly better sh...

Mon, August 17, 5:27 PM

Mortgage Rates Start Week Higher - Mon, August 17, 5:27 PM

After ending last week near the lowest level since July 17th, mortgage rates are moving up to start the new week. Motivations are familiar. Escalation in U.S./Iran tensions is pushing fuel pric...

Fri, August 14, 6:56 PM

Mortgage Rates Slightly Higher to End The Week - Fri, August 14, 6:56 PM

First, the bad news: mortgage rates ended the day just a hair higher compared to Thursday, but the change was so small that many borrowers will see little--if any--difference in pricing. Now ...

Thu, August 13, 8:07 PM

Lowest Mortgage Rates in Nearly 4 Weeks - Thu, August 13, 8:07 PM

Mortgage rates dropped noticeably on Thursday on a combination of lower oil prices and a lower inflation reading via the Producer Price Index (PPI). Rates are driven by bonds and bonds are highl...

Wed, August 12, 8:48 PM

Mortgage Rates Back at 3 Week Lows - Wed, August 12, 8:48 PM

Mortgage lenders set rates around 10am ET every day, but the bond market dictates the day to day changes, and bonds were on the move throughout the overnight trading hours. Granted, the movement ...

Tue, August 11, 8:30 PM

Mortgage Rates Sideways to Slightly Higher - Tue, August 11, 8:30 PM

It ended up being a remarkably uneventful day for mortgage rates . Some lenders were slightly higher than yesterday. Others were roughly unchanged. The difference came down to whether the lender...

Mon, August 10, 7:32 PM

Mortgage Rates Rise Modestly From 3 Week Lows - Mon, August 10, 7:32 PM

As of last Friday, average top-tier mortgage rates hit their lowest levels since July 20th. If they'd managed to drop even 0.01% today, it would have been a new 3-week low. As it stands...

Fri, August 7, 8:58 PM

Mortgage Rates End Week at Lows - Fri, August 7, 8:58 PM

Mortgage rates dropped moderately today after the latest jobs report showed much lower jobs created than expected. The monthly jobs report is one of the most--if not THE most--important pieces...

Thu, August 6, 6:08 PM

Mortgage Rates Slightly Higher Ahead of Jobs Report - Thu, August 6, 6:08 PM

Mortgage rates rose modestly on Thursday, with multiple lenders making mid-day adjustments in response to bond market volatility. Bonds remain highly attuned to war-related developments and the ...

Wed, August 5, 7:11 PM

Mortgage Rates Steady at 2 Week Lows - Wed, August 5, 7:11 PM

The bond market and mortgage rates have been on the move lower recently after hitting longer term highs at the end of July. Today offered a break from the recent movement with bonds and rates h...

Tue, August 4, 7:01 PM

Mortgage Rates Lowest in Over 2 Weeks - Tue, August 4, 7:01 PM

Mortgage rates were a bit hesitant to follow the bond market's advice yesterday. Specifically, bonds rallied (i.e. bond prices moved higher and yields/rates moved lower). This almost always coin...

Mon, August 3, 7:27 PM

Mortgage Rates Roughly Unchanged Despite Bond Market Improvement - Mon, August 3, 7:27 PM

Mortgage rates had a tough day on Friday, largely in response to bond market volatility surrounding heavy forex trading as a part of US/Japan efforts to prop up Japanese currency (not a common s...

Fri, July 31, 5:36 PM

Mortgage Rates Back Near Long-Term Highs - Fri, July 31, 5:36 PM

To be fair, mortgage rates haven't been far from their long-term highs in over a week, but today's 30yr fixed index level of 6.83% is functionally equivalent to the actual long-term high of 6.8...

Thu, July 30, 6:52 PM

Mortgage Rates Sideways to Slightly Lower - Thu, July 30, 6:52 PM

It's not at all uncommon for mortgage rates to experience microscopic movement in either direction on any given day. In fact, it's probably the most common eventuality over time. In that sense,...

Wed, July 29, 7:53 PM

Mortgage Rates Slightly Higher Despite No Fed Rate Hike - Wed, July 29, 7:53 PM

Heading into today's Fed announcement, futures markets indicated roughly a 1 in 3 chance that the Fed would hike rates. They did not. This seems like it should have been good news for rates, but ...

Mon, July 27, 6:44 PM

Mortgage Rates Roughly Unchanged Versus Friday's Lows - Mon, July 27, 6:44 PM

After bottoming out around 6.5% in late June, mortgage rates moved steadily higher this month, ultimately hitting 6.85% last Thursday--the highest level in over a year. There was a modest recov...

Fri, July 24, 7:06 PM

Mortgage Rates Recover Modestly From Long-Term Highs - Fri, July 24, 7:06 PM

If you're just tuning in, mortgage rates had a rough day yesterday on top of a rough week overall. The result was the highest 30yr fixed rate in over a year with our index moving up to 6.85%. A...

Thu, July 23, 5:41 PM

Highest Rates in Over a Year, But There's a Silver Lining - Thu, July 23, 5:41 PM

Mortgage moved higher today, and while the jump was no larger than the one seen on Monday, both were 'above average' and both took rates in the wrong direction. In addition, the steady weakness t...

Wed, July 22, 7:47 PM

Mortgage Rates Inch Up to 11-Month High - Wed, July 22, 7:47 PM

We have bad news and slightly less bad news. Starting with the latter, today's mortgage rates are only marginally higher than they were yesterday with the average top tier 30yr fixed rate up 0....

Tue, July 21, 7:29 PM

Rates Match Longer-Term High For The 3rd Time in 2026 - Tue, July 21, 7:29 PM

In late July, 2025, 30yr fixed rates embarked on an excellent adventure, moving down from 6.75% on July 31st to 5.99% by late February, 2026. Since then, things haven't been great thanks to war-r...

Mon, July 20, 7:10 PM

Mortgage Rates Bouncing Higher to Start The Week - Mon, July 20, 7:10 PM

Last week ended on a promising note with Friday's rates falling just barely below the previous Friday's levels. This was a relief after the top-tier 30yr fixed rate matched 11-month highs for the...

Fri, July 17, 6:41 PM

Mortgage Rates End Week at Lows - Fri, July 17, 6:41 PM

The good news is that mortgage rates ended the day at their lowest levels of the week. That's welcome news after Monday's rates matched the highest seen since July 2025. Today's improvement cam...

Thu, July 16, 7:27 PM

Mortgage Rates Move Slightly Higher - Thu, July 16, 7:27 PM

While some news stories suggest that rates are the highest in 11 months today, that's not quite true. The highest rates of the year were seen on July 13th and May 19th when our 30yr fixed index h...

Wed, July 15, 6:40 PM

Mortgage Rates Fall to Lowest Levels in a Week - Wed, July 15, 6:40 PM

Mortgage rates moved lower again today following another lower-than-expected reading on an inflation report. Yesterday's Consumer Price Index (CPI) had a bigger impact on the underlying bond mar...

Tue, July 14, 7:17 PM

Mortgage Rates Stage Moderate Recovery From Long-Term Highs - Tue, July 14, 7:17 PM

Our daily 30yr fixed rate index hit 6.75% yesterday. This matched the high from May 19th and is the highest level since late July 29, 2025. The key contributor to the recent spike has been the up...

Mon, July 13, 8:12 PM

Mortgage Rates Near 1-Year Highs - Mon, July 13, 8:12 PM

Interest rates are based on bonds. Because the bonds underlying the average mortgage are fixed rate, inflation is the enemy. Imagine you're an investor fronting the money for a fixed-rate mortga...

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...

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