Honest, plain-English market commentary from a licensed loan officer. Written 2–3 times a week so you know what's moving rates — and what it means for your home loan.
The 30-year fixed is at 6.59% per Mortgage News Daily — near the bottom of its 52-week range — after Thursday's jobs report came in much weaker than expected. What it means for buyers, and for anyone holding a rate that starts with a 7.
Read the full post →The 30-year fixed mortgage rate sits right around 6.65% this morning according to Mortgage News Daily. Here's what's keeping rates pinned in this range, and whether it's a good week to lock if you've been shopping.
Read the full post →