Mortgage And Refinance Rates Today, Feb. 23 | Rates steady – The Mortgage Reports
Mortgage And Refinance Rates Today, Feb. 23 | Rates steady The Mortgage Reports
Mortgage And Refinance Rates Today, Feb. 23 | Rates steady The Mortgage Reports
Rates Surge; Time To Adjust Your Mortgage Game Plan Mortgage News Daily
Today’s mortgage and refinance rates Average mortgage rates rose again yesterday. And the rise was sharper than looked likely first thing that morning. When we say that markets can turn […]
As of today, you’d have to go back to June 2020 to see higher mortgage rates. This is courtesy of an ongoing move in the bond market that has longer-term rates/yields surging higher at the quickest pace since the pandemic began. The broader bond market has actually been signalling this sort of move since late last summer, but it wasn’t an issue for mortgage rates for a variety of reasons. Now that the mortgage market has mostly exhausted its protective cushion against broader bond market volatility, when the broader bond market has a bad day, so do we. It goes without saying that today was bad. Just look at the scoreboard , after all. But it also tried to be good. Bonds battled back from their worst levels quite well by the early afternoon. This was especially true for mortgage-backed bonds
Posted To: MBS Commentary
Yesterday saw yields hold at just slightly lower highs on an intraday basis, thus offering a glimmer of hope for a bond bounce. We discussed the risk that this was a trap, and so far today, it looks like it was. 10yr yields are over 1.4% and UMBS 2.5 coupons are now the only game in town. Where is that giant squid guy from Star Wars when you need him? The bond market weakness is sharper and more relentless than many market watchers anticipated. One common topic of conversation among those hoping for a bounce is the interplay between stocks and bonds. Late 2018 is fresh in our minds with widespread belief that "high rates" precipitated a stock sell-off which, in turn, helped rates move lower. I won't say "that's not what happened," because that dynamic was in play…(read more)
Todayâs mortgage rates rise â refinance before they go even higher | February 23, 2021 Fox Business
Today’s mortgage refinance rates move higher | February 12, 2021 Fox Business
Today’s mortgage and refinance rates Average mortgage rates edged up again last Friday. That was disappointing after Thursday’s small fall. But hardly a surprise, given the sharp rises earlier in […]
There are still 4 business days left in the month of February and thus still 4 days for the bond market to undergo an epic recovery that helps mortgage rates come back down. But traders and market-watchers alike have pined for–if not outright expected–such a recovery several times in the past few weeks only to be disappointed . Merely avoiding additional rate spikes would be a victory at this point. Even if we can manage to avoid further rate spikes, February will still go down as the worst month for rates since January 2018 (March 2020 was worse at face value, but it’s not really a fair comparison due to the unprecedented bond market reaction to the pandemic). Some back-of-the-napkin math (OK, it’s actually more official than that) shows the average lender charging at least a quarter of
Today’s mortgage refinance rates see minor spike | February 22, 2021 Fox Business