It only seemed like a matter of time and that time is apparently now. The 30-year fixed reached a fresh 52-week high today, rising to… Read More »Mortgage Rates Hit New 52-Week High

It’s a very light week of data with only weekly initial jobless claims on Thursday and flash U.S. services PMI on Friday. The dearth of… Read More »Light Data Week Means Mortgage Rates Will Be Dictated by Middle East

It was a good week for mortgage rates thanks to tame inflation data. I use the phrase “good” loosely because mortgage rates didn’t really come… Read More »Mortgage Rates Spared by Tame Inflation Data, But Will Likely Hit New 52-Weeks Highs Soon Anyway

Just as mortgage rates threatened to reach their highest point since the Iranian conflict began, they were granted a reprieve. This time, it was a… Read More »Mortgage Rates Saved by Coolest Inflation Report Since 2020

After a series of strikes and escalations in the Middle East, it appears mortgage rates might soon match the highs seen since the war began.… Read More »Mortgage Rates Look Headed Back to War Time Highs

It’s been a rough week for mortgage rates, which are reeling thanks to new aggressions in the Middle East. The ceasefire that began on June… Read More »Despite Headwinds, Odds of a 7% 30-Year Fixed in 2026 Are Super Low

Welp, I’ve been saying the conflict in the Middle East could have another twist in the tale. And here we are, with a fragile ceasefire… Read More »Just When You Thought 7% Mortgage Rates Were Off the Table

There isn’t much on the economic calendar this week, meaning mortgage rates will likely print flat. This differs from last week, when we managed to… Read More »Light Week for Economic Data Means Flat Mortgage Rates Likely

I said it was going to be a big week for mortgage rates and it didn’t disappoint. But oddly, mortgage rates shot up for a… Read More »Soft Jobs Report Takes Pressure Off Mortgage Rates