The Magic Mortgage Rate Is Now 6%
Ever since mortgage rates surged from their record lows in early 2022, economists have been attempting to figure out what specific rate would get the… Read More »The Magic Mortgage Rate Is Now 6%
Mortgage Rates
Everything you’ve ever wanted to know about mortgage rates. And even more than that…quite possibly the most important aspect of the home loan process.
After all, they stay with you for a long, long time. The rate you get today could be yours for the next 30 years.
In other words, shop wisely so you get a lower one! And don’t worry, I’ve got you covered with lots of actionable tips and tricks to accomplish that.
Start off by reading my primer on how mortgage rates are determined.
Then check out some of my popular mortgage rate posts, such as how to track mortgage rates. And do mortgage rates change daily.
Before long, you’ll be an expert yourself! That could eventually help you negotiate your mortgage rate once it’s showtime!
Firing Jerome Powell Won’t Benefit Mortgage Rates
Once again, there have been reports of President Trump threatening to fire Fed Chair Jerome Powell. But like the last time this happened, Trump has… Read More »Firing Jerome Powell Won’t Benefit Mortgage Rates
The Past Month’s Mortgage Rate Rally Has Nearly Been Entirely Erased
What a difference a month makes. Mortgage rates were close to eight month lows about two weeks ago. Today? They’re only 17 basis points (0.17%)… Read More »The Past Month’s Mortgage Rate Rally Has Nearly Been Entirely Erased
For Mortgage Rates, lt’s All Eyes on Labor at This Point
Somewhat amazingly, the 30-year fixed is once again priced back near 7% thanks to a hot jobs report. While many expected a soft report that… Read More »For Mortgage Rates, lt’s All Eyes on Labor at This Point
Will Mortgage Rates Be Higher or Lower by the End of 2025? I Asked AI.
I was thinking about mortgage rates, as I often do, when I decided to pose a question to Grok, the LLM chatbot owned by xAI.… Read More »Will Mortgage Rates Be Higher or Lower by the End of 2025? I Asked AI.
Mortgage Rates Quietly Fall to Lows of 2025
While President Trump and FHFA Director Pulte continue to call for lower rates, mortgage rates have quietly marched down to their 2025 lows. It’s kind… Read More »Mortgage Rates Quietly Fall to Lows of 2025
Trump Wants Interest Rates Cut to 1%. What Would That Mean for Mortgage Rates?
President Trump’s latest salvo against Fed Chair Jerome Powell called for 1% interest rates. And he added that he’d “love him to resign if he… Read More »Trump Wants Interest Rates Cut to 1%. What Would That Mean for Mortgage Rates?
Powell Says They’d Still Be Cutting If There Weren’t Tariffs, and Chances Are Mortgage Rates Would Be Lower Too
In testimony to the House Financial Services Committee today, Federal Reserve Chair Jerome Powell said they haven’t cut rates this year because of the tariffs.… Read More »Powell Says They’d Still Be Cutting If There Weren’t Tariffs, and Chances Are Mortgage Rates Would Be Lower Too
Mortgage Rates Move Lower Despite Evolving Iran Conflict
While one may have worried that mortgage rates would move higher after the U.S. bombed Iran nuclear facilities, so far things have gone the other… Read More »Mortgage Rates Move Lower Despite Evolving Iran Conflict
Pulte Blames Powell for High Mortgage Rates and Trapping Borrowers in Their Homes
It’s no secret certain folks don’t like Fed Chair Powell. You may have heard of one of them, President Donald Trump, who refers to him… Read More »Pulte Blames Powell for High Mortgage Rates and Trapping Borrowers in Their Homes