Real Estate News & Tips for Central Texas
Mortgage Rates Jump Sharply Higher After Jobs Report
Mortgage rates were already at 6 month highs earlier this week so it didn't take much of a push to send them up to new 7 month highs today. The push in question came from today's hotly-anticipated jobs report. No other economic report has as much consistent potential to cause volatility for interest
Mortgage Rates Just a Hair Lower. Friday Could be Much More Volatile
Mortgage rates are driven by movement in the bond market and bonds were on a shortened schedule today due to the federal day of mourning for Jimmy Carter. As such, volume and volatility were in short supply. Still, overnight market movement allowed the average lender to offer a microscopic imp
Highest Mortgage Rates Since June
For the second day in a row, mortgage rates have moved higher at a modest to moderate pace. Unfortunately, that's been a trend so far in 2025 and it's compounded by the fact that rates were already close to their recent highs. The net effect is a move up to the highest levels since June for the aver
Mortgage Rates Rise to Match 6 Month Highs
We came into the current week knowing that rates would take cues from any clear cues in this week's economic data. In general, that means higher rates in response to stronger data or lower rates if the data is weaker. Today's data was stronger across the board. One of the most clos
Mortgage Rates Barely Budge to Start New Week
The bond market and interest rates have arrived at the first full week of the new year almost exactly where they left off before the X-mas/New Year holiday weeks. There was a small amount of underlying volatility in bonds today, but not enough to translate into volatility for mortgage rates.&n
Mortgage Rates Slightly Higher Today, But Generally Flat Over Past 2 Weeks
The official holiday dates may be in the rearview, but as far as interest rates and underlying bond markets are concerned, this was the last day of the winter holiday season. The same logic would put the start of the holiday season at December 23rd--a day where the average top tier 30yr fixed
Mortgage Rates Haven't Moved Much Since Fed Week
The last time mortgage rates were moving with any sense of urgency was in the days surround the Fed's rate cut on December 18th. Incidentally, that movement was sharply higher, which is just as likely as any other outcome when the Fed is cutting rates for a variety of reasons. The rate rise leveled
Mortgage Rates Slightly Higher as Markets Close Early
Major holidays typically involve a full day market closure along with an "early close" on an adjacent day. This matters to rates because mortgage lenders decide what they can offer based on trading levels in the bond market. Mortgage lenders also need a certain amount of activity in the
Mortgage Rates Modestly Lower to Begin Another Holiday-Shortened Week
Because mortgage rates are determined by trading levels in the bond market, when the market is closed, lenders don't update their rate offerings. As such, there were no rate updates last Wednesday for the Christmas holiday and the same will be true this week for New Year's Day. In addition, it