Highest Rates in Over a Year (And a Small Recovery) While the milestones may be significant, the underlying reasons for them remain simple. Let’s start with the milestones, even though they’re not the fun kind. On Thursday, average 30yr fixed mortgage…
For 3 months, they were almost inseparable. Then in June, they went their separate ways. Now oil and rates are back together in July, for the most part. Specifically, movement in oil prices was highly correlated with movement in rates…
Since March 1st, the Iran war has been the primary reason for movement and volatility in the bond/rate market. Pre-war motivations were woefully muted. That changed a bit with the jobs report two weeks ago and it changed again…
Ask any parent. A lot can change in 9 months. Same story for mortgage rates. During that time, the average 30yr fixed rate dropped 0.65% only to move back up just as much as of the end of the week…
Wednesday ended up being the most interesting day of the week for rate movement thanks to headlines suggesting The U.S. and Iran were close to signing a one page memo to end the war. The new week is starting out…
Mortgage Rates Jumped Last Week. The Trend Continues Today Last week’s newsletter noted an exceptional lack of volatility, but the week ended up shifting gears in a noticeable way. Monday was actually an extension of last week’s ultra-narrow range…
First things first, due to the market’s reaction to the Iran war, mortgage rates remain much higher than they were at the end of February. That said, they definitely did not move higher this past week. You may have seen…
If you’re buying land or planning to build a home in North Florida or South Georgia (or anywhere, really), there’s one crucial step you shouldn’t overlook: the perc test. With many properties in this region located outside city limits…
March is Regime Change Month For Rates While the word “regime” is often seen in a geopolitical context, it’s also common in financial markets. With respect to mortgage rates, the most recent regime involved steady improvement starting in May 2025…
The Fed is Cutting Rates, But Not Mortgage Rates! National Mortgage Rate Survey Data Source:Â Mortgage News Daily *Rates can vary significantly with different credit scores, down-payments, property types, and a variety of other factors. The below are all based on…
