Real Estate News & Tips for Central Texas
Mortgage Rates Dip Back Below 6.5%
Today brought the release of important economic data with the power to cause a sharp increase or decrease in mortgage rates. There are a wide variety of economic reports that guide investors as well as Fed policy (which in turns has an impact on investor decisions). All of the above make
Mortgage Rates Continue to Recover, But We Could See Big Moves Tomorrow, Depending on Data
If you're just here to keep an eye on daily changes in mortgage rates, today was solid. There was a modest improvement versus yesterday and the average lender is almost perfectly in line with 6.5% when it comes to top tier conventional 30yr fixed rates. For those interested in more of the nuts
Mortgage Rates Effectively Unchanged to Begin New Week
Today was completely different than the previous Monday in that it was a normal, boring day with essentially no change in mortgage rates over the weekend. Contrast that to last Monday which saw an extension of an already wild run to the lowest levels in more than a year. Since last week, the r
Mortgage Rates Finally End This Week's Losing Streak
After starting out at the lowest levels in more than a year on Monday morning, mortgage rates had done nothing but increase through Thursday afternoon. The bounce was abrupt by typical standards with the average 30yr fixed rate rising nearly 0.3% in just 3 days. Friday brought a small amount o
Mortgage Rates Are NOT Lower This Week
It's Thursday and thus time once again for a side-by-side glimpse at our actual daily average 30yr fixed mortgage rate and the weekly survey-based rate from Freddie Mac. The latter is widely reported and re-reported on Thursdays with multiple news outlets likely conveying the same message to p
Mortgage Rates Move Higher Again, But at a Much Gentler Pace
Yesterday saw one of the largest single day mortgage rate increases in years, although there were more than a few caveats. We discussed those in greater detail in yesterday's update. Rather than attempt to condense and already-condensed explanation of esoteric market plumbing, here's the
Big-Time Bounce For Mortgage Rates After Hitting Long-Term Lows
In and of itself, today was quite awful for mortgage rates with conventional 30yr fixed rates moving up faster than on almost any other day in the past few years. As unpleasant as that sounds, if you forget about the past 2 days, the average lender is still offering the lowest rate in well ove
Lowest Mortgage Rates in More Than a Year
As of Friday, the average top tier 30yr fixed mortgage rate was merely at the lowest levels of 2024. A modest additional drop this morning brought that number to the lowest level since April 2023. In the big picture, rates have been moving consistently lower due to an ongoing bond market rally
Rates Plummet as The Market Buys Into The Big Shift
The events of this past week serve as an exclamation point in one of the many sentences that tells the story of the big shift away from the generationally high rates seen at the end of 2023. The story has had its ups and down since then, but it had been going fairly well for fans of low rates