Lowest Rates in Over 2 Months
The average top tier 30yr fixed mortgage rate had already dipped to the lowest levels since May 1st at the start of the week. Two additional days of modest improvement brings us to the lowest levels since April 4th as of today. April 4th is probably a day that's worth remembering. If rates take out that particular floor, it would signify some more serious momentum toward lower borrowing costs. Reason being: April 4th's MND rate index was 6.6%--almost 0.20% lower than today's 6.79%. Rates jumped abruptly after April 4th as the bond market reacted to a sharply stronger jobs report. They continued higher the following week after the tariff "pause." Today's improvement is really more a reflection of yesterday afternoon's bond market strength. As a reminder, lenders prefer to change their rates as infrequently as possible after setting them initially in the morning. If the bond market moves enough, they will issue mid day "reprices." Many lenders did so in response to yesterday's bond market gains, but in those scenarios, there tends to be a bit more left on the table. If the bond market holds reasonably steady overnight (as it did today), lenders can then pass along the additional improvement.
Categories
- All Blogs (554)
- #homesecurity (1)
- austin (3)
- buyingland (1)
- College Station (6)
- contract (3)
- downpayment (2)
- dscr (3)
- expiredlisting (1)
- home (3)
- homebuyer (12)
- homedidntsell (1)
- homesforsale (4)
- InheritedHomes (9)
- investment (3)
- investor (3)
- lubbuck (2)
- mortgage rates (4)
- movingtotexas (3)
- newconstructionhomes (1)
- nextgenhome (1)
- Probate (9)
- rentalproperty (2)
- Round Rock Texas (3)
- team (1)
- texas (14)
- TexasA&M (4)
- TexasState (2)
- TexasTech (2)
- thingstoknow (2)
- tylertexas (2)
- UniversityofTexas (2)
- va (1)
- zerodownhomeloans (2)
Recent Posts

Best Neighborhoods in Round Rock, TX: A Local Guide for Buyers

Texas Option Period FAQ: Fees, Deadlines and How to Terminate
Saving Owners From Themselves: How Ambassador Property Management Protects Austin Rental Owners
What Does an Executor Do in Texas? A Plain-English Checklist

What Does It Cost to Sell a House in Texas?
Helping a Parent Sell Their Home After a Move to Assisted Living

How to Analyze a Rental Property in Texas Before You Buy
Buying a Home in Bryan-College Station Right Now: The 5 Biggest Concerns (and What to Do About Each)
Renting vs. Buying in Central Texas: How to Know You're Ready for Your First Home
Taxes and Costs When You Sell an Inherited Home in Texas

