Mortgage Rates Catch a Break
Today's Gains Help Us Understand Yesterday's Losses Wednesday's weakness was severely lacking in the scapegoat department. In other words, there were not big, obvious justifications for the spike in bond yields. Today's rally had a suggestion: perhaps the market
Mortgage Rates Rising Closer to 7%
In early April, amid the most volatile portion of the market's reaction to the tariff announcement, mortgage rates were officially over 7% for a single day. By the middle of the following week, they were well on their way lower, ultimately ending the month just over 6.8%. Since then, it's been t
Mortgage Rates Hold Fairly Steady After Inflation Data
Tuesday brought the release of an economic report that has frequently been responsible for big swings in mortgage rates . The Consumer Price Index (CPI) is the earlier of the two big inflation reports from the US government, and inflation is a big deal for interest rates . In general, higher infl
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