Each month, Fannie Mae releases a forecast for home prices, sales, and mortgage rates, among other things. Between September’s report and October’s, they raised their… Read More »Fannie Mae Ups 2027 Mortgage Rate Forecast to 7.5%

Mortgage rates have now fallen for five days in a row. That puts the average 30-year fixed mortgage around 7.375%, a three-week low and roughly… Read More »Mortgage Rates Keep Falling on AI Rout, But Will It Last?

Now it’s a party. A day after the mortgage rate rally seemed to end, then pulled off a miracle same-day turnaround, they’ve moved even lower… Read More »Mortgage Rates Plummet Despite Hot Wholesale Inflation Report

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