Daily Mortgage Rate Commentary Archive

Tue, 6:43 PM

Mortgage Rates Edge Just Barely Lower - Tue, 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, 7:19 PM

Highest Rates in More Than a Month - Mon, 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...

Wed, April 8, 7:27 PM

Mortgage Rates Only Slightly Lower After Ceasefire News - Wed, April 8, 7:27 PM

It's a fluid situation in financial markets on Wednesday. The 2-week ceasefire in the Iran war caused a big reaction last night, but the benefit to the bond market (bonds dictate rates) has been ...

Tue, April 7, 7:14 PM

Mortgage Rates Little-Changed But Volatility Could Return Quickly - Tue, April 7, 7:14 PM

In stark contrast to the entire month of March, April's mortgage rate volatility has been downright boring. To put this in context, the average top tier 30yr fixed rate rose a substantial 0.65% b...

Mon, April 6, 7:11 PM

Mortgage Rates Steady to Slightly Lower - Mon, April 6, 7:11 PM

It was an uneventful day for mortgage rates with the average lender close enough to Friday's levels that borrowers would not see much of a difference between the two days. The bond market (whic...

Thu, April 2, 7:12 PM

Mortgage Rates Are Actually Lower This Week - Thu, April 2, 7:12 PM

On any given Thursday, there's a decent enough chance that the average mortgage rate headline will be unintentionally misleading. At issue is media reliance on the longstanding weekly mortgage ra...

Wed, April 1, 7:14 PM

Mortgage Rates Steady to Slightly Lower - Wed, April 1, 7:14 PM

Mortgage rates were little-changed on Wednesday, despite the release of several economic reports and another deluge of war-related headlines. In the slightly bigger picture, the market is tradin...

Tue, March 31, 7:21 PM

Mortgage Rates Fall Back Below 6.5% - Tue, March 31, 7:21 PM

Mortgage rates moved lower for the second straight day as markets responded to potential de-escalation in the Iran war. Rates are based on bonds and bonds improved overnight as The Preside...

Mon, March 30, 7:24 PM

Mortgage Rates Drop Meaningfully Over The Weekend - Mon, March 30, 7:24 PM

The bad news is that the average top-tier 30yr fixed rate remains over 6.5% after being under 6% just a month ago. The good news is that rates recovered nicely over the weekend. By Friday...

Fri, March 27, 6:29 PM

Mortgage Rates Inch Up to Another Long-Term High - Fri, March 27, 6:29 PM

There were mixed blessings in the mortgage rate world today. The bad news is that today's rates are just a bit higher than yesterday's, resulting in another 8 month high. The good news is that th...

Thu, March 26, 6:49 PM

Rates Leap to Another Multi-Month High - Thu, March 26, 6:49 PM

After a somewhat hopeful day on Wednesday, mortgage rates are back to their same old tricks on Thursday. The tricks in question involve following the broader market reaction to the Iran war whi...

Wed, March 25, 6:55 PM

Rates Ease Despite Conflicting Iran War Headlines - Wed, March 25, 6:55 PM

The past 24 hours have seen multiple news stories with seemingly contradictory updates regarding the state of the Iran war. There's a ceasefire. There's no ceasefire. There's negotiation. There's...

Tue, March 24, 7:35 PM

Highest Mortgage Rates Since August 2025 - Tue, March 24, 7:35 PM

March 2026 continues to be an unpleasant month for mortgage rates --a fact almost exclusively due to the Iran war. Even if the war were to end today, there's been sufficient disruption to infras...

Mon, March 23, 7:34 PM

Mortgage Rates Move Modestly Lower Amid Market Volatility - Mon, March 23, 7:34 PM

Mortgage rates are dictated by bonds and bonds had a volatile day. During overnight trading hours, bonds suggested we should brace for the impact of even higher rates. Things changed just after ...

Fri, March 20, 6:53 PM

Mortgage Rates Move Back Above 6.5% - Fri, March 20, 6:53 PM

After hitting 5.99% as recently as February 27th, top tier 30yr fixed mortgage rates are back over 6.5% for the average lender today--the highest they've been since September 3rd, 2025. ...

Wed, March 18, 9:06 PM

Mortgage Rates Move Back Up Near Recent Highs - Wed, March 18, 9:06 PM

Mortgage rates got hit 3 times on Wednesday, with the net effect being a move back up to the highest levels in several months. The average lender isn't quite as high as they were last Friday, bu...

Tue, March 17, 7:07 PM

The Fed Isn't Doing Anything to Mortgage Rates on Wednesday - Tue, March 17, 7:07 PM

It was a fairly uneventful day for mortgage rates , but also a fairly decent one. The underlying bond market made modest gains even without meaningful cues from oil prices. Lately, oil price vol...

Mon, March 16, 6:51 PM

Mortgage Rates Recover Modestly From 7-Month Highs - Mon, March 16, 6:51 PM

Mortgage rates are based on bonds, and bonds spent last week bracing for the impact of higher energy prices. In the bond world, higher inflation begets higher rates, all else equal. Oil ...

Fri, March 13, 6:12 PM

Mortgage Rates Surge to 7-Month Highs - Fri, March 13, 6:12 PM

March hasn't been a great month for mortgage rates and the past 3 days have been particularly bad. During that time, our daily rate index went from 6.09% on Tuesday to 6.41% today--the highest ...

Thu, March 12, 7:55 PM

Mortgage Rates Spike to 2026 Highs - Thu, March 12, 7:55 PM

Mortgage rates are driven by the bond market. Although bonds only experienced moderate, steady weakness throughout the day, mortgage rates lurched higher by an amount typically seen when the mar...

Wed, March 11, 8:13 PM

Highest Rates in More Than a Month - Wed, March 11, 8:13 PM

Mortgage rates moved higher on Wednesday despite only a modest increase in oil prices. The latter is currently a part of any conversation about interest rates as higher energy costs have fuele...

Tue, March 10, 7:38 PM

Mortgage Rates Sideways to Slightly Lower - Tue, March 10, 7:38 PM

Today's mortgage rates are lower when compared to yesterday's average prior to 4pm ET. Later in the afternoon, multiple lenders announced improvements as the bond market rallied in response to ...

Mon, March 9, 6:24 PM

Mortgage Rates Finish Flat After Starting Higher - Mon, March 9, 6:24 PM

Mortgage rates began the day at the highest levels in a month. The move up versus Friday was only moderate, but Friday's levels were already fairly close to early Feb's highs. Oil prices continu...

Fri, March 6, 8:24 PM

Volatile Crosscurrents Keep Mortgage Rates Relatively Flat - Fri, March 6, 8:24 PM

Before this morning's jobs report was released, mortgage rates were on track to end the week at their highest levels in several weeks. This was due to an ongoing mega-spike in oil prices spilli...

Thu, March 5, 8:02 PM

Mortgage Rates Bounce Back Up Near Recent Highs - Thu, March 5, 8:02 PM

Mortgage rates bounced back up today as the underlying bond market continued the selling trend seen on 3 out of 4 days so far this week. In the overnight hours, bond yields (which generally corr...

Wed, March 4, 8:31 PM

Mortgage Rates Move Back Down Despite Stronger Data - Wed, March 4, 8:31 PM

Economic data is one of the few consistent sources of motivation for interest rates in the mortgage world and beyond. In general, stronger data tends to push rates higher and vice versa. But in...

Tue, March 3, 8:21 PM

Mortgage Rates Recover Moderately After Starting at 3-Week Highs - Tue, March 3, 8:21 PM

After spending the entirety of last week calmy holding the lowest levels in more than 3 years, mortgage rates jumped sharply higher yesterday. That said, everything's relative. Even after that ...

Mon, March 2, 8:19 PM

Mortgage Rates Jump Back Into The 6's - Mon, March 2, 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...

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