Category Archives: Interest Rates

Daily Rate Update: Mortgage Rates Continue Higher as Market Activity Increases

Mortgage Rates Continue Higher As Market Activity Increases

Mortgage rates moved slightly higher again on Tuesday, continuing a gentle drift higher from the lowest levels in several weeks on Friday. While yesterday’s rates were arguably in line with most of last week’s offerings, today’s weren’t quite comparable. That said, they certainly haven’t risen back to the previous week’s levels or even to last Monday’s levels for some lenders. 3.625% continues to be the most common Best-execution rate for 30yr Fixed, Conventional loans with today’s deterioration…

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Daily Rate Update: Mortgage Rates Close to Multi-Month Highs Ahead of Important Jobs Data

Mortgage Rates Close To Multi-Month Highs Ahead Of Important Jobs Data

Mortgage rates moved relentlessly higher for the fourth straight day on Thursday, bringing them close to the seven month highs last seen in mid-February. This comes as the result of some of the big-ticket market moving events markets have been waiting for this week, particularly the European Central Bank President’s press conference as well as stronger than expected Jobless Claims data. Best-Execution for 30yr Fixed, Conventional loans is once again edging up to levels where 3.75% becomes a consideration…

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Daily Rate Update: Employment Data Sends Mortgage Rates Near 10-Month Highs

Mortgage Rates Highest In Nearly 10 Months After Employment Data

Mortgage rates vaulted higher today at their fastest pace since late January, after the Employment Situation showed an unexpectedly high number of jobs created in February. The Employment Situation is the most important piece of domestic economic data each month and always has the potential to greatly impact markets. This was indeed the case today, and it brings 30yr Fixed Best-Execution up to 3.75% for the first time since May 2012. Lenders are still offering lower rates, but at greatly increased…

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