Real Estate News & Tips for Central Texas
Mortgage Rates Started Higher, But Ended Lower
As we often discuss, mortgage lenders prefer to set their rates once per day. They only make changes when the underlying bond market makes a big enough move. While it wasn't an extreme example, many lenders made such changes today as bonds improved steadily throughout the day. Before the impro
Mortgage Rates Hold Steady Over The Weekend
Mortgage rates are based on movement in the bond market, and the bond market is closed for most of the weekend. As such, one might assume that Monday's mortgage rates would always be right in line with Friday's. But this is definitely not the case for two reasons: 1. The bond market may
Mortgage Rates Hold Very Steady, Yet Again
Despite some ups and downs on a small scale, mortgage rates have been sideways in the bigger picture. That's a good thing if the latest refi application data is any indication. Demand is at the highest levels since October as rates have generally been holding near mid-October levels. Tod
Mortgage Rates Recover After Starting Slightly Higher
Mortgage rates hit their highest levels in just over 2 weeks yesterday and they were on track to remain unchanged today. In fact, the average lender offered the exact same 30yr fixed rate when this morning's initial barrage of rate sheets came out. Lenders typically publish their first rates of the
Highest Mortgage Rates in Just Over 2 Weeks
Mortgage rates have moved up over the past 2 days, ultimately hitting the highest levels since February 24th today. While that sounds somewhat unpleasant or unfortunate, context paints a softer picture. Specifically, since February 25th, the average top tier 30yr fixed rate has been in a
Mortgage Rates Slightly Higher Ahead of Important Inflation Data
With fiscal and geopolitical developments dominating the news cycle, it would be easy to forget that interest rates prefer to take their primary cues from economic data. This is an important reminder considering tomorrow morning brings one of the most closely watched economic reports: the Cons
Mortgage Rates Recover Some of Last Week's Losses
Conventional 30yr fixed mortgage rates hit their lowest levels in months last Tuesday morning, with the average lender right in line with levels from mid October or early December. After that, rates rose steadily for the next two days and leveled off on Friday. While the bounce was small enough to l
Mortgage Rates Back Near Yesterday's Levels After Starting Out Lower
The average mortgage lender was briefly able to offer noticeably lower rates this morning compared to yesterday's latest levels. Credit goes to this morning's jobs report for coming in a bit weaker than expected. What do jobs have to do with rates? Rates are based on bonds and bonds are heavily infl
Mortgage Rates Higher For 3rd Straight Day
You may see conflicting news about mortgage rates today, depending on where you look. Weekly surveys, such as Freddie Mac's, are showing a fairly big drop from last week. That was indeed the case over the 5 business days of the weekly survey, but that data is now quite stale. More timely