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

The longer this aggressive uptrend goes on, the more it feels like 8% mortgage rates are inevitable. By some accounts, we are only about a… Read More »Are 8% Mortgage Rates a Foregone Conclusion?

Well, we got a tame PCE report this morning, which would normally be good news for mortgage rates. But instead of seeing bond yields drop… Read More »Mortgage Rates Waiting on the Jobs Report for Their Next Move

If you’ve ever looked at a mortgage rate chart, you’ll see that mortgage rates experienced a double-top in the early 1980s. That’s when mortgage rates… Read More »Mortgage Rates Could Top Out at 8.88% If History Repeats