Mortgage Rates Lower on Average, But Timing Matters
Friendly Fed Comments No Match For The Range The day began with a bond rally courtesy of geopolitical headlines (martial law declared in South Korea). Traders were done reacting to the news by 9am and yields were heading back up after that with a 10am push from stronger JOLTS data. There were several friendly comments from Fed speakers in the early afternoon, but they only materially benefitted the short end of the yield curve (i.e. 2yr yields are lower on the day while 10yr yields are several bps higher). The other way to view the move is simply that the bond market rallied as much as it was willing to rally by the end of last week and yields haven't be
Categories
Recent Posts

30yr Fixed Rates Officially Back to 6.50%

New Home Market Remains Stuck in Neutral

Mortgage Rates Back in Line With Long-Term Lows

Mortgage Rates Edge Slightly Higher From Long-Term Lows

Lowest Rates of The Year (Barely) After Powell Speech

Existing Home Market Still Crawling Along The Bottom Despite Modest Bounce

Mortgage Applications Inconsequentially Lower vs Last Week

Incentives Rise as Builder Confidence Matches 2022 Low

Rates Trickle to Another Higher Low

Highest Rates This Week, But Close Enough to Long Term Lows
MORTGAGE CALCULATOR
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!
8308 E. Mill Plain Blvd; Suite 103, Vancouver, WA, 98664