Tomorrow

Mortgage Rates Are Low and Stable, But Face Bigger Risks Tomorrow

Mortgage rates moved lower today, bringing the average lender to the best levels since late February. Despite the milestone, the day-over-day movement in rates has been pretty mild. Most lenders are making changes that are only noticeable in the form of upfront costs (aka “points”) as opposed to rates themselves. If we use upfront costs […]

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Mortgage Rates Move Lower Today, But Don’t Count on a Repeat Tomorrow

Mortgage rates were little-changed yesterday–a fact that was ultimately at odds with underlying market movement by the end of the day. What does that mean? Simply put, mortgage rates are primarily determined by the trading prices of certain bonds (MBS, in this case). MBS change every second of the trading day though, so mortgage lenders […]

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