Real Estate News & Tips for Central Texas
Nice Move Lower in Mortgage Rates Ahead, But Tomorrow is a New Day
Mortgage rates may have been able to claim some resilience over the past few days, but it hasn't been a great week in general. The average lender jumped quickly over 7% for a top tier conventional 30yr fixed rate on Monday. The next two days were much less interesting. Now today, the not
Mortgage Rates Nearly Unchanged Despite Early Drama
After starting the week with a sharp move higher, mortgage rates managed to avoid losing much ground yesterday. This was only achieved with a recovery in the bond market that erased early morning losses (rates are based on bonds and when bonds improve, lenders can update mortgage rates during
Mortgage Rates Much Calmer Today
After starting the week with a fairly large jump, mortgage rates had a much calmer day on Tuesday. This was made all the more impressive by the fact that the underlying bond market suggested another increase earlier this morning. To be fair, the average mortgage lender was definitely showing n
Mortgage Rates Sharply Higher to Start The Month
March ended with a streak of some of the flattest day-over-day changes in mortgage rates on record. It was all but certain that the new week/month would bring a change to that sideways trend, but the reality has immediate and abrupt. Right at the start of domestic trading hours, bonds began to
Near Record Setting Week For Boredom Among Mortgage Rate Watchers
Unfortunately, we don't have a great way to measure all of the past precedents, but it's safe to say that the this was one of the least volatile weeks in the history of mortgage rates. Our daily rate index never moved more than 0.01 and it remained in a 0.01 range. Today's average rate was rig
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Super Steady Streak Sustained
There are probably only a few 4-day streaks with effectively no movement in mortgage rates, and this is one of them. After falling to 6.91% last Friday, the MND rate index hasn't moved more than 0.01%. Granted, some lenders have been higher or lower during that time, but they offset each other
Mortgage Rates Barely Budge For 2nd Straight Day
After moving back under 7% last week (conventional, 30yr fixed, top tier scenario), mortgage rates have been increasingly unlikely to move. Today was the 2nd day in a row with essentially no change for the average lender. Rates are driven by bonds and bonds are waiting on the most relevant eco
Mortgage Rates Basically Unchanged Over The Weekend
Mortgage rates enjoyed a decently strong week last week, with the average top tier conventional 30yr fixed rate moving down to 6.91% by Friday from 7.09% on the previous Friday. To put today's "unchanged" headline in perspective, that same number is up to 6.92% this afternoon. To put all of th