current mortgage rates watch

• Mortgage Rates Lower Still, But Progress Is Slow 05/18/2012
  Mortgage Rates improved marginally from yesterday's new all-time lows.  Without any major scheduled events to digest, bond markets were left to their own devices and paid a decent amount of attention to a sell-off in stocks.  When yields in the broader bond markets move lower, MBS (the "mortgage-backed securities" that most directly influence […]
• Mortgage Rates Officially Hit New All-Time Lows! 05/17/2012
  Mortgage Rates hit new all-time lows today.  In most cases, lenders' offerings are just slightly better across the board than they were in late January, the last time we officially noted "new all-time lows," though some lenders are not quite back to their previous best levels.  A much weaker-than-expected reading on a widely followed report on […]
• Mortgage Rates Steady At All-Time Lows Thanks To Europe And The Fed 05/16/2012
  Mortgage Rates are steady to slightly improved today following as Europe's fiscal woes continue providing downward pressure on US interest rates.  The forces at work keeping rates low were joined today by "minutes" from the most recent FOMC meeting.  All told, several notable lenders are offering their all-time lowest interest rates while othe […]
• Mortgage Rates Hold Steady At All Time Lows 05/15/2012
  Mortgage Rates paused their recent trend of moderate improvement today to hold steady near all-time lows.   Despite an abundance of domestic economic data out this morning, rates continue to be indirectly fueled by political and economic turmoil in the Euro-zone. After failing to form a new government, Greece today announced it would hold new elections.  Inv […]
• Mortgage Rates Match All-Time Lows; "Wall" Begins Cracking 05/14/2012
  Mortgage Rates continued a recent trend of moderate improvement fueled indirectly by political turmoil in Europe.  The gains bring rates in line with all-time lows with some lenders priced slightly better and some priced slightly worse than than February's record offerings.  The current rate environment is causing the longstanding "wall" at 3. […]
• Mortgage Rates As Close As They've Been To Previous All-Time Lows 05/11/2012
  Mortgage Rates improved moderately today as European turmoil continues to benefit domestic interest rates.  Yesterday's late news of a $2 bln trading loss at JP Morgan also contributed to the overnight gains in broader bond markets, but it has been lingering uncertainty about the European situation that allows rates markets to hold steady at lower level […]
• Mortgage Rates Still Low, Still Struggling To Go Any Lower 05/10/2012
  Mortgage Rates were generally unchanged today, keeping them near their recent and all-time lows.  Lately, mortgage rates have been holding increasingly steady despite fluctuations in US Treasuries.  That's mostly been a frustration for rate watchers who've seen Treasuries creep lower while mortgage rates have not.  But the tables turned today as Tr […]
• Mortgage Rates Hold Steady Amid Market Volatility 05/09/2012
  Mortgages rates held steady for the most part today, despite relatively volatile movements in underlying markets.  Actually, the bond markets of which mortgage rates are a part, were not nearly as volatile as stock markets, although both sides were keen to react to European headlines more so than today's anticipated event, the 10yr Treasury Auction. The […]
• Mortgage Rates Continue Grinding Into Historically Low Territory 05/08/2012
  Mortgages rates were able to scrape together some minor improvements today but continue to have an exceedingly tough time keeping pace with the rest of the interest rate world.  Slow-going gains aside, rates are still chipping away at some of their best levels of all-time.  We're now getting into territory where only a few days in history have seen more […]
• Mortgage Rates Hold Gains Following Jobs Report 05/07/2012
  Mortgages rates continue to operate at their best levels since early February following Friday's weaker-than-expected Employment Situation report.  There was effectively no change in most lenders' rate sheet offerings versus Friday morning's rates.  Even last week, there were no dramatic movements into the Employment Report, but more of a stea […]