Well, what we didn’t want to happen, happened. We got a hotter-than-expected CPI report this morning, sending bond yields surging higher. After three straight days… Read More »Mortgage Rate Winning Streak Comes to an End

Mortgage rates are a little better today, extending their move lower to three days in a row. The bond market is open again and 10-year… Read More »Mortgage Rates Move Lower as Oil Prices Cool Ahead of CPI Report

While there’s not much to report on the mortgage rate front today, this week is setting up to be pretty important with both CPI and… Read More »Mortgage Rates Face Big CPI Report This Week

We got a rare winning day for mortgage rates yesterday thanks to what seemed like renewed interest in bonds. The global bond selloff has been… Read More »Have Mortgage Rates Finally Hit a Wall?

Yesterday’s big worry was the 10-year Treasury auction. Would there be any appetite for bonds? Well, it turned out to be good news because it… Read More »Mortgage Rates Stuck Near Recent Highs Despite a Strong Bond Auction

Well that didn’t take long. One day after mortgage rates finally caught a much-needed break, bond yields are right back at new 52-week highs. The… Read More »Mortgage Rate Relief Lasts All of One Day

It’s been tough sledding for mortgage rates since early March. And especially rough over the past month and change, with very few down days. But… Read More »Mortgage Rates Finally Fall, But Not By Much

Everyone knows mortgage rates are a lot higher today than they were just a month ago. We’re all aware that housing affordability has gone downhill… Read More »Mortgage Rate Lock-In Is Baaack

There are several ways to get lower mortgage rates. You can get inflation down, which is a positive for bonds and thus mortgage-backed securities. Or… Read More »Least Desirable Path to Lower Mortgage Rates the Only One Working Right Now