Pretty simple this morning, at first anyway. Bonds hoped to see just a modicum of relief in the most important data series of 2022, the Consumer Price Index (CPI). Not only was there no relief, but an actual acceleration of inflation... (read more)
There was no way to be sure what the effect of today's economic data would be on mortgage rates. All we knew is that the Consumer Price Index (CPI) would be released at 8:30am ET and that CPI releases have been the biggest sources of volatility... (read more)
Why aren’t there 103’s on rate sheets? With 30-year mortgage rates firmly in the 7 percent range, the market has moved too fast for any kind of substantive premiums for lenders or MLOs to offer borrowers. Put another way, there aren’t any securities ... (read more)
Interest rates displayed are national averages and for informational purposes only. Actual rates from lenders may vary based on several factors including, but not limited to, credit worthiness, ability to replay, credit score, down payment, loan term, etc.
