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| Mortgage Rates Just a Bit Higher After Last Week"s Jump | ||
| 6/8/2026 3:33 PM | ||
| The average top-tier 30yr fixed mortgage rate rose 0.08% last Friday after the jobs report came in much stronger than expected. Today added another 0.02% of upward movement. Today"s level of 6.68% is the 3rd highest of the past 9 months. Unlike Friday, there were no big-ticket economic reports driving volatility in rate markets. The only arguable ...Read More | ||
| Mortgage Rates Jump After Strong Jobs Report | ||
| 6/5/2026 1:29 PM | ||
| Over the past three months, mortgage rate movement has been driven primarily by developments in the Iran war. It"s not that war, itself, is a consideration, but rather the implications for fuel prices and inflation. Bonds care deeply about inflation and interest rates are based directly on bonds. When inflation isn"t raging (or at the risk of ragi...Read More | ||
| Mortgage Rates Lower Today, But in a Narrow Range | ||
| 6/4/2026 2:13 PM | ||
| After hitting long-term highs on May 19th, mortgage rates dropped somewhat quickly by May 26th. Ever since then, they"ve been moving back and forth in a very narrow range. Today"s movement happened to be the good kind with the average lender cutting top-tier 30yr fixed rates by 0.03%. As always, keep in mind that mortgages are most commonly offere...Read More | ||
| Mortgage Rates Move Back Up With Oil Prices | ||
| 6/3/2026 2:03 PM | ||
| Imagine being stuck at home watching TV for 3 months and only being able to stream one show. That"s been the case for the bond market (which dictates interest rates) since the beginning of March. The show in question involves watching war-related headlines and reacting in roughly the same manner as oil prices. Today"s episode was more interesting ...Read More | ||
| Mortgage Rates Move Modestly Lower | ||
| 6/2/2026 2:59 PM | ||
| It was an uneventful day for the bond market and, thus, mortgage rates. Unlike the average trading day of late, there were no conspicuous war-related headlines making for shocks to oil prices. Since the start of the war, interest rates have had a strong correlation with oil prices due to inflation implications. That correlation was present today, ...Read More | ||
| Rates Pull Back Slightly | ||
| 6/1/2026 2:33 PM | ||
| Following last week"s relatively strong move to the lowest levels since May 14th, mortgage rates bounced slightly higher to start the news week. The move followed a clear shift in the Iran war news cycle with morning headlines citing Iranian officials saying the peace negotiation were effectively tabled as long as hostilities remained between Israe...Read More | ||
| Mortgage Rates Set to End Week Much Lower | ||
| 5/29/2026 12:34 PM | ||
| While there are still a few hours left in the trading day, it"s a near certainty that this week will end with mortgage rates at meaningfully lower levels compared to last Friday. Today is only adding modestly to that trend, but that makes it the 8th straight business day where rates have either held steady or moved lower. On that note, it"s possib...Read More | ||
| Mortgage Rates Officially Hit 2 Week Lows | ||
| 5/28/2026 2:08 PM | ||
| We were close yesterday and we officially arrived today. Mortgage rates may still be elevated compared to almost all of the past 10 months, but they"re the lowest they"ve been since May 14th. This was accomplished with a modest drop versus yesterday"s levels after another round of news on a potential U.S./Iran peace deal. This morning"s infl...Read More | ||
| Mortgage Rates Hold Lowest Level in Nearly 2 Weeks | ||
| 5/27/2026 2:47 PM | ||
| Early in the trading session, the bond market began improving in response to more updates on a potential Iran peace deal. When bonds improve, rates fall, but the initial reaction proved short-lived. Thankfully, the reversal didn"t do any new damage. This allowed the average lender to keep rates right in line with yesterday"s 6.61% for a top-...Read More | ||
| Mortgage Rates Move Moderately Lower | ||
| 5/26/2026 1:48 PM | ||
| Although mortgage rates are still relatively close to their highest levels in 9 months, they continue moving lower after hitting those highs as the beginning of last week. Today"s improvement follows news over the weekend that the U.S. and Iran are even closer to agreeing on a framework that would end the war. The war remains a key source of volat...Read More | ||
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