The labor market is still keeping mortgage rates elevated
To get mortgage rates below 6% with duration, we need to see the labor market break, which hasn’t happened yet.
Mortgage Rates
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Easter-driven home sales dip masks recent growth
Last week’s pending home sales fell to 68,000 single-family contracts, a Easter lull that marks the first sub-2024 weekly tally in six weeks.
Mortgage rates settle down after wild ride
Last week, mortgage rates and the 10-year yield slowly moved lower as the week progressed. Can this relative calm last?
Home sales stay surprisingly positive even with higher rates
Our weekly data showed surprisingly positive year-over-year growth in housing demand following the first reversal from lower rates this year.
6 charts that show storm clouds brewing over the spring homebuying season
The housing market is facing unprecedented uncertainty and volatility headed into the spring buying season. Recent reports and data signal that the impacts are setting in.
Did recent wild mortgage rate swings impact housing data?
Until the markets gain some clarity on the tariffs, the economic data is taking a back seat. Mortgage rates and purchase apps are up.
Mortgage rate volatility rises amid trade war, keeping LOs busy
Despite mortgage rate volatility that makes conditions difficult for lenders, LOs tell HousingWire they’ve seen no fall-off in mortgage applications.
Lower mortgage rates are spurring housing demand
Without the recent tariff developments, the 10-year yield would not have dipped below 4% and mortgage rates would be higher.
Bond yields fall after tariff news. Are mortgage rates next?
Anticipated reciprocal tariffs sent the 10-year yield plummeting from 4.23% to 4.11%, currently trading at 4.13%.
How much lower can mortgage rates go with all this drama?
This economic variables this week — between tariffs and jobs data and Fed speeches — have the potential to drive mortgage rates lower.