Bonds had one of their best days yesterday in more than three years. The 10-year yield plunged nearly 20 basis points, its biggest one-day drop… Read More »Mortgage Rates Back on the Rise After Biggest Bond Rally Since 2023
Well, once again it is the AI trade leading to lower mortgage rates. It seems to be the only thing working when it comes to… Read More »Tech Stock Selloff Leads to Mortgage Rate Plunge
Mortgage rates aren’t doing a whole lot of anything today, and that could start to become the problem. Bond yields are mostly flat, which leaves… Read More »Stuck Mortgage Rates Starting to Hurt the Real Estate Industry
Mortgage rates are a little better today, but it might not be worth celebrating. The reason isn’t great, as it typically isn’t. This time it’s… Read More »Mortgage Rates Move Lower Thanks to Record Low Pending Home Sales
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
