Mortgage Rates Face Big Week of Jobs Data
If you’re watching mortgage rates, keep a close eye on the abundance of jobs data being released this week. There are three key reports being… Read More »Mortgage Rates Face Big Week of Jobs Data
Are Mortgage Rates Finally Poised to Start Falling Again?
A while back I noted that mortgage rates were trending higher. This was after a long period of trending lower. It was effectively a switch… Read More »Are Mortgage Rates Finally Poised to Start Falling Again?
Mortgage Rates Are Having a Good Day as Oil Prices Fall to Pre-War Levels
Maybe the reopening of the Strait of Hormuz is the ticket to lower mortgage rates. After all, that is essentially what caused them to jump… Read More »Mortgage Rates Are Having a Good Day as Oil Prices Fall to Pre-War Levels
You Can Still Get a Sub-6% Mortgage Rate, But Is It Worth It?
I’ve seen a lot of articles lately talking about how you can still get a sub-6% mortgage rate, despite the recent uptick. We had 5%… Read More »You Can Still Get a Sub-6% Mortgage Rate, But Is It Worth It?
Mortgage Rates Dip on Peace Deal, But May Take Time to Fully Recover
Mortgage rates got a little boost today thanks to an apparent peace deal between the U.S. and Iran. However, the 30-year fixed remains well above… Read More »Mortgage Rates Dip on Peace Deal, But May Take Time to Fully Recover
Reuters Poll Says 30-Year Fixed Mortgage to Remain Above 6% Through 2028
A new Reuters poll conducted between June 1st and June 11th revealed that housing experts expect elevated mortgage rates through at least 2028. The survey… Read More »Reuters Poll Says 30-Year Fixed Mortgage to Remain Above 6% Through 2028
Mortgage Rates Hold Steady Despite Worst Inflation Since 2023
It feels like we’re repeating history, and not the pleasant kind. Inflation readings came in at their worst since 2023, which incidentally was when the… Read More »Mortgage Rates Hold Steady Despite Worst Inflation Since 2023
Total Interest Exceeds Your Home Price Once Mortgage Rates Are Above 6.4%
With mortgage rates above 6.50% these days, the average home buyer today actually pays more in interest than the purchase price. For example, a $400,000… Read More »Total Interest Exceeds Your Home Price Once Mortgage Rates Are Above 6.4%
Did Everyone Forget Mortgage Rates Were 2-3% Back in 2012 Too?
I was on LinkedIn the other day and came across a post featuring a mortgage rate history chart with rates for each year. It started… Read More »Did Everyone Forget Mortgage Rates Were 2-3% Back in 2012 Too?
Mortgage Rates Now Face a Triple Threat
The conflict in Iran was arguably bad enough for mortgage rates. It sent them from the best levels since mid-2022 right back toward the high… Read More »Mortgage Rates Now Face a Triple Threat