Recent Posts

4.99% Mortgage Rates?! That’s Old News August 5, 2022

The big monthly jobs report from the Labor Department (officially “The Employment Situation) is one of the most reliable sources of volatility for interest rates.

All Newsletters

Don’t Trust This Week’s Mortgage Rate Headlines! (Except This One) July 8, 2022

Without a shadow of a doubt, the average lender’s mortgage rates are noticeably higher this week versus last week, with Friday being the worst of the bunch.

Rates Surge to 3 Week Lows. Has The Corner Been Turned? July 1, 2022

Mortgage rates have been volatile in 2022. Most of that volatility has played out in the form of higher rates. The past 2 weeks have been a notable exception.

Housing is Normalizing, Not Dying; Nice Rate Rebound After Last Week’s Rout June 24, 2022

In 2020 and 2021, housing boomed and rates plummeted at a pace that many considered to be unsustainable. 2022’s role is to take things back in the other direction.

Mortgage Rates Hit 6%. World is Not Ending. May Just Be Beginning June 17, 2022

In a year where mortgage rate volatility has been extreme, this week made everything else look tame by comparison. While it will never show up in weekly survey numbers, the 3-day jump between last Thursday and this Tuesday was one of the biggest on record, taking the average 30yr fixed quote from 5.55% to 6.28% by yesterday afternoon.

2022 is Already The Worst Year For Rates Since 1979 June 10, 2022

2022 has already had its fair share of bad news for mortgage rates, but this week was not to be outdone. It began as just another reasonably bad week with rates moving moderately higher, but still safely under the recent 13 year high seen on the morning of May 9th.

Rates Bounce After 3 Weeks of Improvement; Prices Still Defying Gravity June 3, 2022

By last Friday, rates had improved so much from recent highs that we were finally able to consider that 2022’s trend had shifted gears from “skyrocketing” to “sideways.”

1 2 3

Find The Right Home For Your Budget